Le Lézard
Subject: Economic News/Analysis

Institutional Property Advisors Releases Midyear 2023 Class A Multifamily Outlook Special Report

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), has published its Class A Multifamily Outlook Midyear 2023 special report.

"Today's high barriers to homeownership are helping support demand for high-end apartments, particularly among the millennial demographic," stated John Sebree, senior vice president and national director of IPA's multi housing division.

IPA's Class A Multifamily Outlook provides investors with vital insight and analysis on the current state of the Class A multifamily market sector including:

"These factors are supporting Class A apartment performance even amid a sizable construction pipeline," added Sebree.

IPA's complete Class A Multifamily Outlook Midyear 2023 special report is available here.

About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA's combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.

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