IPA Sells 304-Unit Tucson Apartment for $175,657 Per Unit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Market Competitive Edge: In a highly competitive debt fund market, IPA successfully secured attractive financing terms for its client, ensuring a smooth transaction process and demonstrating its expertise in capital markets.
- Value-Add Potential: The Retreat at Speedway offers a compelling 27% rent delta compared to similar properties, supported by $1.4 million in recent capital improvements, presenting significant value-add opportunities that are likely to attract investor interest.
- Scarcity of Asset: The property belongs to a scarce cohort of multifamily assets built between 2000 and 2009, representing approximately 5% of the Tucson MSA's multifamily inventory, making it more appealing in a market with high demand for quality housing.
- Rapid Transaction Completion: The transaction was completed quickly and seamlessly due to close coordination among all parties, showcasing IPA's efficiency and professionalism in managing complex deals.
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
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 26.820
Low
29.00
Averages
29.00
High
29.00
Current: 26.820
Low
29.00
Averages
29.00
High
29.00
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.
