Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, completed the sale of Dwell Apartment Homes, a 193-unit apartment property in Scottsdale, Arizona. The $20.85 million sales price equates to $108,031 per unit. David and Steve Gebing, IPA senior director, represented the seller, Zev Hendeles of Phoenix-based 3rd Ave Investments, and procured the buyer, Capital Real Estate.