Marcus & Millichap Arranges the Sale of a 128-Unit Apartment Building

7/17/17

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Merritt Landing, a 128-unit apartment property located in Brunswick, Georgia, according to Ari Ravi, regional manager of the firm's Tampa office. The asset sold for $5,250,000.

Francesco P. Carriera and Michael P. Regan, investment specialists in Marcus & Millichap's Tampa office, Kurt P. McGarry, associate in Marcus & Millichap's Atlanta office and Rich Merryman, senior managing director investments in Marcus & Millichap's San Francisco office, had the exclusive listing to market the property on behalf of the seller, a bank/financial institution. The buyer, a private investor, was also secured and represented by Francesco P. Carriera, Michael P. Regan, Rich Merryman and Kurt P. McGarry. Michael Fasano, regional manager in Marcus & Millichap's Atlanta office assisted in closing this transaction.

Merritt Landing is located at 5700 Altama Ave in Brunswick, Georgia.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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