IPA Negotiates MC Companies $37.5M ($240K/unit) sale of 156-unit The Place at Arroyo Verde Apartments Tucson

6/16/2025

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REBusinessOnline

• Subcategory: MF: BTR, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: BTR-Casita, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Marcus & Millichap (NYSE: MMI), MC Companies, Olympus Property

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale and financing of The Place at Arroyo Verde, a multifamily property in Tucson’s Casas Adobes neighborhood. MC Cos. sold the asset to Olympus Property for $37.5 million, or $240,385 per unit.