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Chicago & Midwest  + Midwest  + Apartments  | 

IPA Markets Trio of Cleveland-Area Apartment Properties

Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register.

Marcus & Millichap’s Institutional Property Advisors has been awarded the exclusive listing for a core-plus multifamily property and two value-add investment properties totaling 1,837 units in suburban Cleveland. The assets are being offered on an individual basis, free and clear of debt encumbrances. The price is open bid.

“This is truly a once-in-a-generation opportunity to acquire high-quality sizeable assets in great locations from the original developer,” said IPA’s Michael Barron.

Barron and his colleagues, Daniel Burkons and Joshua Wintermute, are representing the seller, a Cleveland-based partnership. The properties are: Tamarac, a 642-unit property in Willoughby, OH; The Hamptons (pictured), a 633-unit mid-rise community in Beachwood, OH, Northeast Ohio’s highest-rent suburban market; and Deer Run, a 562-unit asset in Twinsburg, OH.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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