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Steve Gebing and Cliff David

Company: 

Institutional Property Advisors (IPA), a division of Marcus & Millichap

Sales Total

$1,311,185,000

Closed 35 multifamily deals totaling over $1.3 billion

Notable transactions include the $186-million sale of the Desert Club

Steve Gebing and Cliff David approach the business of multifamily advisory services with unparalleled and renewed energy coupled with a desire to know the intricacies of the market better than their competition. In 2024, the duo closed 35 multifamily transactions totaling $1.311 billion.

Their most notable 2024 transaction was the 497-unit Desert Club property in Phoenix. The asset sold for $187.5 million, or $377,264 per unit. The transaction was the largest single-asset multifamily sale in Arizona in over two years and one of the largest single-asset multifamily sales in the United States.

These are some of the reasons we selected IPA’s Steve Gebing and Cliff David as Connect CRE’s Phoenix & Southwest Top Broker Award winners for 2025. These awards recognize industry professionals who have demonstrated the highest standards and transaction volumes in investment sales and leasing.

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Inside The Story

IPA's Steve Gebing IPA's Cliff David

About Amy Wolff Sorter

I love content. I love writing it, visualizing it, and manipulating it to fit into different formats. I have years of experience in working with content, both as creator and editor. The content I create and edit provides assistance with many goals, ranging from lead generation, to developing street cred through well-timed thought-leadership pieces. Content skills include, but aren't limited to, articles and blogs, e-mails, promotional collateral, infographics, e-books and white papers, website copy and more.

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