IPA Capital Markets Secures $110MM in Agency Financing and Joint Venture Partnership

IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for private and institutional clients, secured $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro, two adjacent multifamily properties located in Bridgeport, Connecticut._x000D_
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The New York-based IPA Capital Markets team of Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh secured agency financing on behalf of their client, a new joint venture between an institutional investment management firm and a NYC-based multifamily owner/operator focused on acquiring value-add apartment assets in the Northeast._x000D_
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“Our IPA Capital Markets team is excited to help expand the sponsorship team’s portfolio,” Kazanjian said. “From the moment the opportunity was presented to the capital partner, it was clear they understood the long-term value of the acquisition. The newly built assets’ premier location adjacent to the Fairfield–Black Rock train station, coupled with our ability to facilitate a smooth agency financing process contributed to a successful execution for all parties.”