{"success":true,"data":{"pressRelease":{"id":"141732","rtpr_id":"nBw9rbyQza-20260911","ticker":"MMI","exchange":"NYSE","all_tickers":["MMI"],"title":"$83 Million Sale of Two Oregon Multifamily Assets Brokered by Institutional Property Advisors","author":"Business Wire","published_at":"2026-09-11T16:11:00.085Z","article_body":"$83 Million Sale of Two Oregon Multifamily Assets Brokered by Institutional\nProperty Advisors\n\nInstitutional Property Advisors (IPA)\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=Institutional+Property+Advisors+%28IPA%29&index=1&md5=7cb8537c56c6c5e663b6109bc5e36cd3)\n, a division of Marcus & Millichap (NYSE:MMI)\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marcusmillichap.com%2F&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&index=2&md5=33588f9bedcddd1096bd02c7d539fed4)\ndedicated to serving the company’s institutional clients, announced today\nthe sale of Oak Vale, a 257-unit property in Corvallis, and 181-unit Anjou\nClub in Talent. The two Oregon multifamily assets traded for a total of $83\nmillion.\n\n“The quality of construction and maintenance of these two properties\nattracts and retains the most discerning renters, and previous ownership was\nmeticulous in their upkeep and reinvestment,” said Anthony Palladino, IPA\nsenior director investments. “With an average occupancy rate of 96.5% over\nthe last five years, Corvallis is often among the strongest apartment markets\nin the state. Talent, a suburb of Medford, benefits from the region’s\npopulation growth, which by 2045 is expected to increase by over 31,000 new\nresidents.”\n\nPalladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, and Nick Ruggiero of\nIPA, in association with David Tabata, Marcus & Millichap’s broker of\nrecord in Oregon, represented the seller, Bender Equities, and procured the\nbuyer, Verdant Development Inc.\n\n“Investor demand for well-located multifamily assets with durable operating\nfundamentals remains strong, particularly in markets where new supply is\nlimited,” said Andrew Leahy, national director of IPA Multifamily. “These\ntransactions demonstrate the depth of capital seeking opportunities in\nestablished Pacific Northwest markets and investors’ continued confidence in\nthe long-term performance of the multifamily sector.”\n\nOak Vale is a 31-building property built in 1973 and 1995 on more than 16\nacres a short drive from Oregon State University. The community has a\npark-like setting with paved walking trails that connect to the Benton County\npark and trail system. Amenities include a lounge, game room, fitness center,\nmovie theater, and outdoor sport court. The unit mix of one-, two- and\nthree-bedroom apartments averages 767 square feet.\n\nAnjou Club was completed in 1990 on nearly 14 acres near Southern Oregon\nUniversity. The 22-building property has a mix of one-, two- and three-bedroom\nfloor plans across three layout types: flats, townhomes, and garden flats. The\naverage unit size is 950 square feet. Community amenities include a large\nclubhouse, heated outdoor swimming pool, tennis court, basketball court, play\nstructure, and outdoor seating areas.\n\nAbout Institutional Property Advisors (IPA)\n\nInstitutional Property Advisors (IPA) is a division of Marcus & Millichap\n(NYSE: MMI), a leading commercial real estate services firm in North America.\nIPA’s combination of real estate investment and capital markets expertise,\nindustry-leading technology, and acclaimed research offers customized\nsolutions for the acquisition, disposition and financing of institutional\nproperties and portfolios. For more information, please visit\nwww.institutionalpropertyadvisors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=www.institutionalpropertyadvisors.com&index=3&md5=775e0b1d2f11acc06c4c504a306a7bf1)\n\nAbout Marcus & Millichap, Inc. (NYSE: MMI)\n\nMarcus & Millichap, Inc. is a leading brokerage firm specializing in\ncommercial real estate investment sales, financing, research and advisory\nservices, with offices throughout the United States and Canada. Marcus &\nMillichap closed 8,818 transactions with a sales volume of $50.8 billion in\n2025. At year-end, the company had 1,808 investment sales and financing\nprofessionals in more than 80 offices providing investment brokerage and\nfinancing services to commercial real estate sellers and buyers. For\nadditional information, visit www.MarcusMillichap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.marcusmillichap.com%252F%26data%3D05%257C02%257CGina.Relva%2540marcusmillichap.com%257C5f03e20605a345f6f35208df0a213340%257C4af2e9e0a2d7475c9f4db3a8a8ad4f5a%257C0%257C0%257C639240809859913875%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DCQ%252Fp%252BRvyW0mrdyKlKBHRSNT4aQC1if5b9LN5A1RpuK8%253D%26reserved%3D0&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=www.MarcusMillichap.com&index=4&md5=8b53d10f16dbcf4e6447d5fcb5472223)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260911849641/en/\n(https://www.businesswire.com/news/home/20260911849641/en/)\n\nGina Relva, VP of Public Relations\n\nGina.Relva@MarcusMillichap.com (mailto:Gina.Relva@marcusmillichap.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw9rbyQza-20260911","title":"$83 Million Sale of Two Oregon Multifamily Assets Brokered by Institutional Property Advisors","author":"Business Wire","ticker":"MMI","created":"2026-09-11T16:11:00.085Z","tickers":["MMI"],"exchange":"NYSE","article_body":"$83 Million Sale of Two Oregon Multifamily Assets Brokered by Institutional\nProperty Advisors\n\nInstitutional Property Advisors (IPA)\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=Institutional+Property+Advisors+%28IPA%29&index=1&md5=7cb8537c56c6c5e663b6109bc5e36cd3)\n, a division of Marcus & Millichap (NYSE:MMI)\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marcusmillichap.com%2F&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&index=2&md5=33588f9bedcddd1096bd02c7d539fed4)\ndedicated to serving the company’s institutional clients, announced today\nthe sale of Oak Vale, a 257-unit property in Corvallis, and 181-unit Anjou\nClub in Talent. The two Oregon multifamily assets traded for a total of $83\nmillion.\n\n“The quality of construction and maintenance of these two properties\nattracts and retains the most discerning renters, and previous ownership was\nmeticulous in their upkeep and reinvestment,” said Anthony Palladino, IPA\nsenior director investments. “With an average occupancy rate of 96.5% over\nthe last five years, Corvallis is often among the strongest apartment markets\nin the state. Talent, a suburb of Medford, benefits from the region’s\npopulation growth, which by 2045 is expected to increase by over 31,000 new\nresidents.”\n\nPalladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, and Nick Ruggiero of\nIPA, in association with David Tabata, Marcus & Millichap’s broker of\nrecord in Oregon, represented the seller, Bender Equities, and procured the\nbuyer, Verdant Development Inc.\n\n“Investor demand for well-located multifamily assets with durable operating\nfundamentals remains strong, particularly in markets where new supply is\nlimited,” said Andrew Leahy, national director of IPA Multifamily. “These\ntransactions demonstrate the depth of capital seeking opportunities in\nestablished Pacific Northwest markets and investors’ continued confidence in\nthe long-term performance of the multifamily sector.”\n\nOak Vale is a 31-building property built in 1973 and 1995 on more than 16\nacres a short drive from Oregon State University. The community has a\npark-like setting with paved walking trails that connect to the Benton County\npark and trail system. Amenities include a lounge, game room, fitness center,\nmovie theater, and outdoor sport court. The unit mix of one-, two- and\nthree-bedroom apartments averages 767 square feet.\n\nAnjou Club was completed in 1990 on nearly 14 acres near Southern Oregon\nUniversity. The 22-building property has a mix of one-, two- and three-bedroom\nfloor plans across three layout types: flats, townhomes, and garden flats. The\naverage unit size is 950 square feet. Community amenities include a large\nclubhouse, heated outdoor swimming pool, tennis court, basketball court, play\nstructure, and outdoor seating areas.\n\nAbout Institutional Property Advisors (IPA)\n\nInstitutional Property Advisors (IPA) is a division of Marcus & Millichap\n(NYSE: MMI), a leading commercial real estate services firm in North America.\nIPA’s combination of real estate investment and capital markets expertise,\nindustry-leading technology, and acclaimed research offers customized\nsolutions for the acquisition, disposition and financing of institutional\nproperties and portfolios. For more information, please visit\nwww.institutionalpropertyadvisors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=www.institutionalpropertyadvisors.com&index=3&md5=775e0b1d2f11acc06c4c504a306a7bf1)\n\nAbout Marcus & Millichap, Inc. (NYSE: MMI)\n\nMarcus & Millichap, Inc. is a leading brokerage firm specializing in\ncommercial real estate investment sales, financing, research and advisory\nservices, with offices throughout the United States and Canada. Marcus &\nMillichap closed 8,818 transactions with a sales volume of $50.8 billion in\n2025. At year-end, the company had 1,808 investment sales and financing\nprofessionals in more than 80 offices providing investment brokerage and\nfinancing services to commercial real estate sellers and buyers. For\nadditional information, visit www.MarcusMillichap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.marcusmillichap.com%252F%26data%3D05%257C02%257CGina.Relva%2540marcusmillichap.com%257C5f03e20605a345f6f35208df0a213340%257C4af2e9e0a2d7475c9f4db3a8a8ad4f5a%257C0%257C0%257C639240809859913875%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DCQ%252Fp%252BRvyW0mrdyKlKBHRSNT4aQC1if5b9LN5A1RpuK8%253D%26reserved%3D0&esheet=54602178&newsitemid=20260911849641&lan=en-US&anchor=www.MarcusMillichap.com&index=4&md5=8b53d10f16dbcf4e6447d5fcb5472223)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260911849641/en/\n(https://www.businesswire.com/news/home/20260911849641/en/)\n\nGina Relva, VP of Public Relations\n\nGina.Relva@MarcusMillichap.com (mailto:Gina.Relva@marcusmillichap.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-11T16:11:00.1282504Z","server_sent_at_ms":1789143060128},"received_at":"2026-09-11T16:11:00.182Z","source_url":"https://www.businesswire.com/news/home/20260911849641/en/"},"analysis":{"id":"130568","press_release_id":"141732","analysis_json":{"industry":{"label":"Real Estate Services","sector":"Real Estate"},"redFlags":[],"eventType":"operations_update","narrative":"Institutional Property Advisors, the institutional division of Marcus & Millichap (NYSE: MMI), brokered the $83 million sale of two Oregon multifamily assets: the 257-unit Oak Vale in Corvallis and the 181-unit Anjou Club in Talent.\n\nIPA's team represented the seller, Bender Equities, and procured the buyer, Verdant Development Inc. Corvallis averaged 96.5% occupancy over the last five years, and the Medford-area Talent submarket is projected to add over 31,000 residents by 2045.\n\nFor MMI this is routine business-win PR rather than a material event: the firm closed 8,818 transactions with $50.8 billion of sales volume in 2025, so this deal is a small slice of annual brokerage activity that modestly reinforces its institutional platform in Pacific Northwest multifamily.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine IPA brokerage deal — evidence of steady institutional multifamily activity but immaterial to MMI financials; suppress from alerting."},"keyFigures":{"dealValueUsd":83000000,"customDimensions":{"oak_vale_units":257,"anjou_club_units":181,"mmi_office_count":"more than 80","transaction_type":"multifamily brokerage sale","mmi_2025_sales_volume":"$50.8 billion","mmi_2025_transaction_count":8818,"corvallis_avg_occupancy_5yr":"96.5%","mmi_investment_sales_professionals":1808}},"quotedText":"Investor demand for well-located multifamily assets with durable operating fundamentals remains strong, particularly in markets where new supply is limited","namedEntities":{"people":[{"name":"Anthony Palladino","role":"IPA senior director investments"},{"name":"Andrew Leahy","role":"national director of IPA Multifamily"},{"name":"Philip Assouad","role":"IPA broker"},{"name":"Giovanni Napoli","role":"IPA broker"},{"name":"Ryan Harmon","role":"IPA broker"},{"name":"Nick Ruggiero","role":"IPA broker"},{"name":"David Tabata","role":"Marcus & Millichap broker of record in Oregon"},{"name":"Gina Relva","role":"VP of Public Relations, Marcus & Millichap"}],"products":["Oak Vale (257-unit, Corvallis, OR)","Anjou Club (181-unit, Talent, OR)"],"companies":[{"name":"Marcus & Millichap, Inc.","ticker":"MMI","relationship":"filer / parent brokerage firm"},{"name":"Institutional Property Advisors (IPA)","relationship":"institutional division of Marcus & Millichap"},{"name":"Bender Equities","relationship":"seller (client)"},{"name":"Verdant Development Inc.","relationship":"buyer (client)"}],"dollarAmounts":[{"amount":"$83 million","context":"combined sale price of the two Oregon multifamily assets"},{"amount":"$50.8 billion","context":"Marcus & Millichap 2025 total sales volume across 8,818 transactions"}]},"materialImpact":{"score":1,"reasoning":"Routine brokerage transaction announcement for Marcus & Millichap's institutional division. Against the firm's 2025 volume of $50.8 billion across 8,818 transactions, an $83 million two-asset deal is immaterial to financials and functions as marketing of business-as-usual activity."},"tickerRelevance":{"others":[],"primary":"MMI"},"globalImportance":10,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small/mid-cap broker (MMI)","eventGravity":"routine brokerage transaction announcement","issuerAuthored":true,"householdBrandBoost":"none","retailFavoriteBoost":"none","dealSizeVsFilerScale":"$83M vs $50.8B annual volume — de minimis"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":1,"narrative":"Institutional Property Advisors, the institutional division of Marcus & Millichap (NYSE: MMI), brokered the $83 million sale of two Oregon multifamily assets: the 257-unit Oak Vale in Corvallis and the 181-unit Anjou Club in Talent.\n\nIPA's team represented the seller, Bender Equities, and procured the buyer, Verdant Development Inc. Corvallis averaged 96.5% occupancy over the last five years, and the Medford-area Talent submarket is projected to add over 31,000 residents by 2045.\n\nFor MMI this is routine business-win PR rather than a material event: the firm closed 8,818 transactions with $50.8 billion of sales volume in 2025, so this deal is a small slice of annual brokerage activity that modestly reinforces its institutional platform in Pacific Northwest multifamily.","key_figures":{"dealValueUsd":83000000,"customDimensions":{"oak_vale_units":257,"anjou_club_units":181,"mmi_office_count":"more than 80","transaction_type":"multifamily brokerage sale","mmi_2025_sales_volume":"$50.8 billion","mmi_2025_transaction_count":8818,"corvallis_avg_occupancy_5yr":"96.5%","mmi_investment_sales_professionals":1808}},"named_entities":{"people":[{"name":"Anthony Palladino","role":"IPA senior director investments"},{"name":"Andrew Leahy","role":"national director of IPA Multifamily"},{"name":"Philip Assouad","role":"IPA broker"},{"name":"Giovanni Napoli","role":"IPA broker"},{"name":"Ryan Harmon","role":"IPA broker"},{"name":"Nick Ruggiero","role":"IPA broker"},{"name":"David Tabata","role":"Marcus & Millichap broker of record in Oregon"},{"name":"Gina Relva","role":"VP of Public Relations, Marcus & Millichap"}],"products":["Oak Vale (257-unit, Corvallis, OR)","Anjou Club (181-unit, Talent, OR)"],"companies":[{"name":"Marcus & Millichap, Inc.","ticker":"MMI","relationship":"filer / parent brokerage firm"},{"name":"Institutional Property Advisors (IPA)","relationship":"institutional division of Marcus & Millichap"},{"name":"Bender Equities","relationship":"seller (client)"},{"name":"Verdant Development Inc.","relationship":"buyer (client)"}],"dollarAmounts":[{"amount":"$83 million","context":"combined sale price of the two Oregon multifamily assets"},{"amount":"$50.8 billion","context":"Marcus & Millichap 2025 total sales volume across 8,818 transactions"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-11T16:11:21.898Z","global_importance":10,"audience_relevance":8,"importance_components":{"tickerTier":"small/mid-cap broker (MMI)","eventGravity":"routine brokerage transaction announcement","issuerAuthored":true,"householdBrandBoost":"none","retailFavoriteBoost":"none","dealSizeVsFilerScale":"$83M vs $50.8B annual volume — de minimis"}},"durationMs":21708,"modelName":"glm-5.3-flash"}}