Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides various ancillary services, including research, advisory, and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.
IPO Year: 2013
Exchange: NYSE
Website: marcusmillichap.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/1/2021 | $37.00 → $40.00 | Underweight | Wells Fargo |
Revenue growth of 44.4% in the Fourth Quarter 2024 compared to Fourth Quarter 2023. Revenue growth of 7.8% Year Over Year Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its fourth quarter and full year 2024 financial results today. Fourth Quarter 2024 Highlights Compared to Fourth Quarter 2023 Total revenue of $240.1 million, compared to $166.2 million Brokerage commissions of $202.8 million, compared to $144.6 million Private Client Market brokerage revenue of $120.4 million, compared to
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. "Town Deer Valley is perfectly positioned to capitalize on the unprecedented economic activity driven by Taiwan Semiconductor Manufacturing Company's $65 billion chip manufacturing facility," said Cliff David, IPA executive managing director. "The property's architectural detailing, sophisticated unit finishes, and award-winning design deliver an elevated living experience to the
Marcus & Millichap Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $9.8 million. The dividend will be payable on April 4, 2025 to shareholders of record as of the close of business on March 12, 2025. Any and all future dividends are subject to review and approval by the Board of Directors. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory se
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $107 million in financing for the construction of a 384-unit multifamily asset with 26,000 square feet of retail space located at 4117 E Concours Street in Ontario, California. The project, which is adjacent to the Toyota Arena, will include several digital media signs. Stefen Chraghchian, senior director in MMCC's Encino office, secured the financing with Affinius Capital and Bank OZK on behalf of Adept Urban Development. "We thank our client for their trust in our expertise to arrange the construction financing for this transformative development, a
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on behalf of the DSF Group for the acquisition of the Town Square at Mark Center in Alexandria, Virginia. IPA Capital Markets in Los Angeles represented the borrower, the DSF Group, a Boston-based leader in multifamily investment. The Town Square at Mark Center is a 678-unit apartment and townhome community situated in one of Northern Virginia's most dynamic submarkets. "The 98% occupied property represents an outstanding investment opportunity with substantial value-add potential," said
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the fourth quarter ended December 31, 2024 on Friday, February 14, 2025, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Milli
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $89.6 million in financing for the construction of Bennett Apartments and Harlow Apartments, two adjacent multifamily projects located 15 miles southwest of Minneapolis in Chanhassen, Minnesota. Gary Sefcik in MMCC's Manhattan office secured the financing. Kayne Anderson provided $77.5 million in senior proceeds and SteepRock Capital provided $12.1 million in mezzanine financing for the sponsor, Minnesota-based Roers Companies. "In addition to strong, locally based sponsorship and the desirability of the Chanhassen submarket, our financing package gen
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced today the successful closing of a $79 million construction loan for El Tropicano Hotel, a historic landmark property on San Antonio's River Walk in San Antonio, Texas. Jordan Ray, James Matheny, Steven Buchwald and Rachael Krawiecki of IPA Capital Markets secured the financing on behalf of Trestle Studio, a national lifestyle developer. Fortress Investment Group provided the financing. "This complex transaction, which involved navigating state and federal historic tax credits, will fund a comprehensive renovation of the propert
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the addition of Evan Wayne as chief information officer (CIO). Wayne will spearhead the execution of all technology initiatives and expand the company's longstanding commitment to utilizing technology to service and support its clients, brokers, capital markets professionals, and corporate staff. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124777336/en/Evan Wayne, chief information officer, Marcus & Millichap (Photo: Business Wire) "Marcus & Millichap has been
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has secured $174 million in joint venture equity and debt financing for the acquisition of 55 Riverwalk Place, a 348-unit multifamily property located in West New York, New Jersey. Built in 2006, the property is located adjacent to the Hudson River, directly across from Manhattan. The New York-based IPA Capital Markets team of Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh arranged acquisition financing with Bank of America on behalf of their client, a new joint venture between a NYC-based multifamily owner/operator focused on acqu
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Wells Fargo reiterated coverage of Marcus & Millichap with a rating of Underweight and set a new price target of $40.00 from $37.00 previously
20-Year Industry Veteran to Lead Investment Sales for the Mountain region Graystone Capital Advisors, a leading investment sales brokerage, has announced the arrival of Richard Bird as Executive Vice President. In his new role, Bird will focus on investment properties, including self-storage and infill development land sales in the region, drawing on his extensive network to enhance client outcomes and support the firm's strategic growth in the mountain states. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241202003794/en/Richard Bird (Photo: Business Wire) With a diverse background covering all verticals of commercial real e
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the hiring of chief people officer Jan Coonley. Coonley will be responsible for overseeing all aspects of the company's human resources activities, including systems, employee engagement, performance enhancement, talent retention and acquisition, skills and leadership development, and diversity, equity and inclusion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610843717/en/Jan Coonley, Marcus & Millichap (Photo: Business Wire) "Jan's deep experience in
VANCOUVER, BC, June 4, 2024 /CNW/ - RESAAS Services Inc. ("RESAAS") (TSXV:RSS) (OTCQB:RSASF), a leading provider of technology solutions for the real estate industry, today announced the appointment of James Huang to the role of Managing Director of Commercial Real Estate at RESAAS. Mr. Huang previously served as President of eXp Commercial, where, since 2020, he started and grew their Commercial division. Prior to eXp Commercial, Mr. Huang was President of Sperry Commercial Global Affiliates, where he led the company's expansion across more than 20 states and into multiple co
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership will provide sponsors and operators supplemental private capital financing sources and give accredited investors streamlined access to unique real estate equity and credit opportunities. "Our investment in EquityMultiple allows MMI to be part of a leading innovative technology platform that further expands our array of capital sources and solutions and creates synergies to facili
Marcus & Millichap, Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the hiring of Biran Patel as senior vice president and national director of the firm's hospitality division. Patel will be responsible for overseeing the hospitality division, which focuses exclusively on providing investment advisory and transaction services for hospitality, lodging, resort, marina, and golf properties. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220131005349/en/Biran Patel (Photo: Business Wire) J.D. Parker, executive vice president
Appoints Collete English Dixon to Board of Directors Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", "MMI") (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today announced that it has expanded the Board of Directors with the election of Ms. Collete English Dixon, effective November 2, 2021. She will also serve as a member of the Board's Nominating & Corporate Governance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211104006295/en/Collete English Dixon (Photo: Business Wire) George Marcus, Marcus & Millich
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4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
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Revenue growth of 44.4% in the Fourth Quarter 2024 compared to Fourth Quarter 2023. Revenue growth of 7.8% Year Over Year Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its fourth quarter and full year 2024 financial results today. Fourth Quarter 2024 Highlights Compared to Fourth Quarter 2023 Total revenue of $240.1 million, compared to $166.2 million Brokerage commissions of $202.8 million, compared to $144.6 million Private Client Market brokerage revenue of $120.4 million, compared to
Marcus & Millichap Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $9.8 million. The dividend will be payable on April 4, 2025 to shareholders of record as of the close of business on March 12, 2025. Any and all future dividends are subject to review and approval by the Board of Directors. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory se
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the fourth quarter ended December 31, 2024 on Friday, February 14, 2025, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Milli
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale and financing of Summerwood Apartments, a 468-unit multifamily property located at 444 Saratoga Avenue in Santa Clara, California. The property sold for $203,150,000. IPA executive managing directors Philip Saglimbeni, Stanford Jones, Salvatore Saglimbeni, and senior director Alexander Tartaglia represented the seller, DWS, and procured the buyer, Interstate Equities Corporation. The Los Angeles-based IPA Capital Markets team of Brian Eisendrath, Cameron Chalfant, Jake Vitta, and Jesse Zarouk secured $127,819,000 in agency financing on behalf of Interstate Equities Corporation (IEC
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its third quarter results today. Third Quarter 2024 Highlights Compared to Third Quarter 2023 Total revenue of $168.5 million, compared to $162.0 million Brokerage commissions of $142.0 million, compared to $139.8 million Private Client Market brokerage revenue of $87.5 million, compared to $91.5 million Middle Market and Larger Transaction Market brokerage revenue of $49.3 million, compared to $42.8 million Financing fees of $20.6 million, comp
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the third quarter ended September 30, 2024 on Friday, November 8, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Millichap
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its second quarter results today. Second Quarter 2024 Highlights Compared to Second Quarter 2023 Total revenue of $158.4 million, compared to $162.9 million Brokerage commissions of $135.4 million, compared to $140.3 million Private Client Market brokerage revenue of $84.8 million, compared to $96.2 million Middle Market and Larger Transaction Market brokerage revenue of $45.3 million, compared to $39.4 million Financing fees of $18.3 milli
Marcus & Millichap Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $10.2 million. The dividend will be payable on October 4, 2024 to shareholders of record as of the close of business on September 16, 2024. Any and all future dividends are subject to review and approval by the Board of Directors. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advi
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Millichap
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its first quarter results today. First Quarter 2024 Highlights Compared to First Quarter 2023 Total revenue of $129.1 million, compared to $154.8 million Brokerage commissions of $109.5 million, compared to $135.0 million Private Client Market brokerage revenue of $73.2 million, compared to $90.5 million Middle Market and Larger Transaction Market brokerage revenue of $31.5 million, compared to $39.5 million Financing fees of $14.4 million,