CALABASAS, Calif.--(BUSINESS WIRE)--Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, “MMI”) (NYSE: MMI), a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, announced that it has acquired the assets of Houston-based LMI Capital.
LMI Capital, founded in 1999, arranges debt and equity capital across all property types including multifamily, office, retail, self storage, hospitality, mixed-use and industrial. The company serves commercial real estate owners, developers and investors across the Southwest. The firm has a distinguished track record of working with clients to raise capital for their multifamily assets and has a particularly strong background providing capital markets solutions through Fannie Mae and Freddie Mac. The 10-person LMI team has completed more than $1.2 billion in transactions over the last three years.
Hessam Nadji, president and CEO of Marcus & Millichap stated, “As part of our ongoing focus on expanding Marcus & Millichap Capital Corporation (MMCC) with accomplished professionals, we welcome five originators and an additional five key support team members to our growing financing roster. Principals Jamie Mullin and Brandon Brown built a thriving business focused on securing optimal capital markets solutions with a similar client-driven culture to MMCC. LMI’s track record of repeat business with their clients and compatibility with our existing MMCC and investment sales professionals were particularly attractive to us.”
Jamie Mullin, principal with LMI Capital added, “On behalf of my partner Brandon and the team at LMI, we are thrilled to be joining MMI and specifically MMCC. Throughout LMI’s history, we have prided ourselves on crafting optimal financing solutions for our clients. We value our client relationships greatly and the level of repeat business we originate reinforces the strength of those relationships. Finding a like-minded platform with the financial power to help LMI grow was extremely important to us and we believe we have found a perfectly aligned partner in MMI. We look forward to contributing to MMI’s continued growth and success.”
LMI Capital, a Houston-based commercial real estate capital advisory firm, specializes in securing debt and equity for commercial real estate investors, owners, and operators throughout Texas and the South. Founded in 1999, the firm has arranged transactions nationwide across all property types and constructed an extensive network of trusted market participants. The firm’s collaborative approach results in long-term working relationships with clients, equity providers, lenders, and other industry leaders. Since 2015, LMI Capital has closed $2.5 billion in debt and equity transactions.
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Capital Corporation (MMCC) provides capital markets products for a wide range of investment property types. In 2019, MMCC closed over 1,900 commercial real estate financing transactions totaling $7.1 billion.
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