Hancock Terrace in Santa Maria. (courtesy photo) Hancock Terrace, a 272-unit multifamily property in Santa Maria, was sold for $75 million, or $275,735 per unit, according to a Feb. 19 press release. Institutional Property Advisors, a division of Marcus & Millichap dedicated to serving the company’s institutional clients, represented the seller, HT Partners, L.P. and…
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