Marcus & Millichap Inc.

10/15/2021 | Press release | Archived content

Marcus & Millichap Arranges the Sale of a 16-Bedroom Student Housing Property in Eugene, Or

EUGENE, OR, October 15, 2021 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Devstone Apartments at High Street, a 4-unit, 16 bedroom student housing apartment building located in Eugene, OR. According to Joel Deis, regional manager of the firm's Portland and Seattle offices, the asset sold for $1,520,000.

Georgie Christensen-Riley and Joshua C. Reynolds, investment specialists in Marcus & Millichap's Portland office, had the exclusive listing to market the property on behalf of the seller. This sale marks the third student housing property sold by the team this year.

The Devstone Apartments at High Street is located six blocks from the University of Oregon's campus, one mile from the University of Oregon book store, one block from Safeway, Starbucks, South Eugene High school and a few steps from the bus stop.

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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: