Institutional Property Advisors (IPA)

Just Closed! Philip Assouad, Giovanni Napoli, Ryan Harmon, Nicholas Ruggiero, and Anthony Palladino completed the sale of Heron View, a 72-unit apartment property in Kenmore, Washington. The asset traded for $19,875,000, or $276,042 per unit. “An exceptionally well-located community that benefits from proximity to all the employment drivers of Eastside and Seattle, Heron View presents the purchaser with a well-kept 80’s asset with a straightforward value-add execution,” shared Assouad. Read the full story: https://lnkd.in/gBB_Vj42 #cre #multifamily #commercialrealestate

We are excited to announce the sale of three multifamily assets totaling 557 units in Tacoma, Washington for $102.6 million. The properties are Monterra, Miramonte, and Heatherstone Apartments. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nicholas Ruggiero, and Anthony Palladino represented the seller and procured the buyer. The properties are in Tacoma’s Parkland neighborhood, which is easily accessible from Interstate 5, Washington State Routes 512 and 7. Read the full story: https://lnkd.in/gG3mp6cX #cre #multifamily #commercialrealestate

Just Closed! Anthony Palladino, Giovanni Napoli, Philip Assouad, Ryan Harmon, and Nicholas Ruggiero completed the sale of Willow Pointe, a 191-unit apartment property in Vancouver, Washington. The $45.5 million sales price equates to $238,220 per unit. The property features a unique and desirable unit mix with an average unit size of 1,162 square feet. Furthermore, the community is partially comprised of townhome units, each with an attached two-car garage and private driveway,” shared Palladino. Read the full story: https://lnkd.in/gM8tD6UW #cre #multifamily #commercialrealestate

As the Federal Reserve eases rates and recent election outcomes shape potential policy shifts, the commercial real estate market is adapting. The Fed’s recent rate cut signals a measured approach to supporting economic stability, while a new administration may introduce impactful tax policy changes—including potential corporate tax cuts and adjustments to income tax on tips and overtime. However, proposed tariffs could pose cost pressures on materials and supply chains, potentially influencing investor decisions. Stay informed on these critical developments and what they mean for CRE: https://lnkd.in/gv6p5WHq #cre #commercialrealestate #taxpolicy

Today, we join our Canadian clients and partners in honoring the brave men and women of the Canadian Armed Forces on Remembrance Day. We are deeply grateful for their courage and sacrifices in service. #remembranceday

On this Veterans Day, please join us in honoring the brave men and women who have served in the U.S. military. We are deeply grateful for their courage, sacrifice, and dedication to protecting our nation. Thank you to all veterans and their families for your service. #veteransday

While October’s job creation was notably low, strong consumer resiliency continues to support multifamily and retail sectors. Sectors like education, health services, and public service are helping stabilize the employment landscape, with these industries adding 97,000 roles last month alone. Meanwhile, the loss of jobs in professional services and manufacturing—impacted by both a major strike and recent hurricanes—adds complexity to this picture. Despite these offsets, indicators remain positive, with signs that multifamily and retail demand may remain steady. Read the full report for a deeper dive into employment trends and their impacts on real estate markets: https://lnkd.in/gZYrGbRj #employment #cre #commercialrealestate

Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Cameron Purse, Justin Knapp, and Nick Stahler completed the sale of Encore at Buckingham, a 242-unit apartment property for seniors age 55-plus in Richardson, Texas. “Strong demand for seniors housing in North Dallas is underscored by the property’s exceptional historical performance, such as average occupancy over 98% in the past year,” shared Drew Kile about the deal. Read the full story: https://lnkd.in/gT3dPzGB #cre #multifamily #commercialrealestate

Join us on November 12, 2024 at the Westin Galleria in Dallas for the Marcus & Millichap / IPA Multifamily Forum: Texas. This premier event brings together leading multifamily developers, investors, owners, and operators from across the region for a full day of insights, networking, and deal-making opportunities. Connect with our multifamily and capital markets advisors to discover how our expertise and deep market knowledge can support your investment strategies. We look forward to seeing you there! Learn more: https://ow.ly/3fYc50TYsIr #cre #multifamilyforum #commercialrealestate

CNBC International features President and CEO Hessam Nadji on the renewed interest in U.S. real estate from international investors. In this insightful piece, Nadji highlights how economic stability and monetary policies are drawing global investors to U.S. commercial real estate, moving beyond traditional coastal markets to explore growth opportunities across the nation. Discover his perspective on government policies, evolving investment trends, and the outlook on maturing loans and office market fundamentals. Learn more about why the U.S. remains a top destination for international capital in a shifting global landscape: https://lnkd.in/gBTxSc_e #cre #commercialrealestate #international