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IPA Capital Markets arranges $110m in financing, JV partnership for Connecticut multifamily acquisition
Transactions - OCTOBER 29, 2024

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IPA Capital Markets arranges $110m in financing, JV partnership for Connecticut multifamily acquisition

by Denise Moose

IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, has 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, Conn.

Built in 2023, the properties feature a combined 300 units and are located near the local transit station in Bridgeport’s Black Rock neighborhood.

The New York–based IPA Capital 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-added apartment assets in the Northeast.

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