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Institutional Property Advisors Brokers $75M Central Coast California Multifamily Asset Sale

Summary by Yield PRO
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced the sale of Hancock Terrace, a 272-unit multifamily property in Santa Maria, California. The asset traded for $75 million, or $275,735 per unit. “Built in 2016 and placed on the market by the original developer, […] The post Institutional Property Advisors Brokers $75M Central Coast California Mu…
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Yield PRO broke the news in on Tuesday, March 17, 2026.
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