PHOENIX, Feb. 25 2026— Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of The Row Apartments, an 82‑unit, 328‑bed student housing asset in Columbia, Missouri that serves the over 31,500 students attending the University of Missouri.
“The Row offered investors a compelling opportunity to acquire a townhome-style student housing asset with sizable value-add potential and a proven track record of strong leasing performance near a growing flagship public university,” said Peter Katz, IPA executive director of investments. “We appreciate the commitment of both parties in working collaboratively to bring this transaction to a successful close.” Katz, in association with David Saverin, Marcus & Millichap’s broker of record in Missouri, represented the seller, Aspen Square Management, and procured the buyer, Monument Square Investment Group.
Built in 2005 approximately two miles from campus, residents of The Row can access the university via nearby thoroughfares and shuttle connections. The property features 82 four‑bedroom townhome‑style units with attached garages, spacious floor plans and modern, split‑level layouts designed specifically for students. The community’s amenity package includes a resort‑style swimming pool, clubhouse, fitness center, study lounges, dog park, grilling areas, and shuttle service to campus. “With its purpose‑built design, attractive townhome product, and strong historical occupancy, The Row provides the buyer with durable cash flow and significant upside through targeted unit and amenity upgrades and operational efficiencies to drive rent growth and long-term value,” added Katz.
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
