IPA negotiates $25.5M ($122k/unit) sale of 208-unit Monte Vista Multifamily Property in Glendale, AZ to Bridge

4/30/2025

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REBusinessOnline

• Subcategory: Capital Markets: Fund, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: MF: Attainable-Workforce Housing, Sale: Investment, Sale: Single Property

• Company: Marcus & Millichap (NYSE: MMI), Bridge Investment Group (NYSE: BRDG)

nstitutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Monte Vista, an apartment community in Glendale. A workforce and affordable housing fund acquired the asset from a private seller for $25.5 million, or $122,596 per unit.