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Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $116 million sale of La Vista Apartments, a 460-unit multifamily community located in the Central Coast community of Santa Maria. 

Joseph Grabiec, Kevin Green and Gregory Harris of IPA represented the seller, Kennedy Wilson, and procured the buyer, WestView Capital, in the transaction. The property is the largest multifamily asset to trade hands in Santa Barbara County both by number of units and sales price, according to IPA.