134-Unit Homestead Apartments in Federal Way Sells for $26.5MM

FEDERAL WAY, Wash. (July 16,2019) – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale and financing of Homestead, a 134-unit apartment complex in Federal Way, Washington. The property sold for $26.5 million, which equates to $197,761 per unit. IPA Capital Markets arranged $19,875,000 in acquisition financing. “Investors have continued to be […]