Property Sale Announcement: Institutional Property Advisors (IPA) announced the $100 million sale of Cypress Point, a 268-unit multifamily property in Ventura, California, equating to $373,134 per unit.
Asset Details: Cypress Point, built in 1990, features 28 two-story apartment buildings and amenities such as a fitness center and clubhouse, with an average occupancy rate of 97.6% over the last five years.
Market Interest: The marketing strategy for Cypress Point attracted interest from major value-add and core-plus funds in the multifamily marketplace, highlighting its unique value proposition.
Company Background: IPA is a division of Marcus & Millichap, a leading commercial real estate services firm, known for its expertise in investment sales, financing, and advisory services across North America.
MMI
$27.95+Infinity%1D
Analyst Views on MMI
Wall Street analysts forecast MMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMI is 29.00 USD with a low forecast of 29.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast MMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMI is 29.00 USD with a low forecast of 29.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 27.780
Low
29.00
Averages
29.00
High
29.00
Current: 27.780
Low
29.00
Averages
29.00
High
29.00
Citizens JMP
Market Perform
initiated
2025-07-21
Reason
Citizens JMP
Price Target
2025-07-21
initiated
Market Perform
Reason
Citizens JMP initiated coverage of Marcus & Millichap with a Market Perform rating and no price target. The firm initiated coverage of five property services companies, saying underlying business trends appear favorable despite market volatility. It forecasts double-digit earnings growth and margin expansion over the next two years. Citizens believes the "initial sticker shock" from the elevated integrate rate environment has faded and that property services stocks are now positioned to benefit from improving sector dynamics. Newmark is the firm's top pick as it the company's market share gains to outpace peers.
About MMI
Marcus & Millichap, Inc. is a real estate services company specializing in commercial real estate investment sales, financing services, research, and advisory services. It also offers market research, consulting and advisory, and leasing services to its clients. Through its Commercial Real Estate Services, it provides equity advisory services and loan sales, loan guarantees, consulting, and advisory services. It serves clients with one property, multiple properties, and large investment portfolios. Through its Real Estate Brokerage, it represents commercial property owners as their investment broker in the sale of their properties. Its auction services division offers an accelerated way to buy and sell commercial property. Its financing division provides other services, such as loan sales and due diligence, and receives recurring loan performance fees from certain lenders. It provides advisory and consulting services in forming investment strategy and making transaction decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
