WEST DES MOINES, IOWA, PEORIA, ILL., AND INDIANAPOLIS — Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of the OREP Portfolio, a three-property, 1,056-unit multifamily portfolio in the Midwest, for $58 million. The properties include the 420-unit Wellington Apartments located at 4700 EP True Expressway in West Des Moines, Iowa; the 312-unit Seven Oaks Apartments located at 4010 N. Brandywine Drive in Peoria, Ill.; and the 324-unit Wildwood Village Apartments located at 3491 Timbersedge Drive in Indianapolis. IPA’s Peter Von Der Ahe and Scott Edelstein, along with Alex Blagojevich and David Gaines of Marcus & Millichap represented the seller, a partnership between Onex Real Estate Partners and New York Life Insurance Asset Management. The team also represented the buyer, Fireside Financial. Barry A’Hearn of Marcus & Millichap’s Cedar Rapids office is the firm’s broker of record in Iowa. Josh Caruana of the firm’s Indianapolis office is Marcus & Millichap’s broker of record in Indiana.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Request media kit

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties