NextGen Properties Pays $49.6MM for 128-Unit Apartment Building in Whittier, Calif.

WHITTIER, Calif., Jan. 25, 2023 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale and financing of Alivia Apartments, a 128-unit multifamily property in Whittier, California. The leasehold interest of the property sold for $49,625,000, or $387,695 per unit. The acquisition financing was arranged by Marcus & Millichap […]