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Phoenix & Southwest  + Phoenix  + Apartments  | 
Steve Gebing and Cliff David of Institutional Property Advisors arranged the sale of Mountainside, an apartment complex in Phoenix

IPA’s Gebing and David Close Multifamily Sale in Phoenix’s Mountain Park Ranch 

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Mountainside, a 288-unit multifamily asset located within Mountain Park Ranch, a master-planned community at the center of Ahwatukee Foothills Village in Phoenix. 

The seller, KB Investment and Development Company, was represented by IPA executive managing directors Cliff David and Steve Gebing. David and Gebing—recently recognized among Connect CRE’s Top Broker Award winners–also procured the buyer, TA Realty. 

“Mountainside’s premier location attracted immediate interest from buyers,” said David. “Only one apartment project of 100 units or more has been built in the submarket in the past 20 years, with no new construction in the pipeline and no path to future development due to significant geographic barriers and built-out nature of the submarket.” 

Built in 1996 on 14.5 acres, the low-density property has under 20 units per acre within 54 residential buildings.  

Read More News Stories About: Marcus & Millichap
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Inside The Story

IPA's David-Gebing team

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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