"Our IPA Capital Markets team is excited to help expand the sponsorship team's portfolio," said Kazanjian. "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." About IPA Capital Markets IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI ). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity.