Marcus & Millichap’s IPA brokers $75M sale of Hancock Terrace apartments in Santa Maria

Reuters

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Marcus & Millichap’s IPA brokers $75M sale of Hancock Terrace apartments in Santa Maria

Institutional Property Advisors, a division of Marcus & Millichap, brokered the $75 million sale of Hancock Terrace, a 272-unit multifamily property in Santa Maria, California. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller, HT Partners, L.P., and procured the buyer, Step Up Housing in partnership with Sack Capital Partners and Align Financing Partners, with plans to convert the property to affordable housing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602192124BIZWIRE_USPR_____20260219_BW551819) on February 20, 2026, and is solely responsible for the information contained therein.

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