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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.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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