Marcus & Millichap Returns to Top 5
Institutional Property Advisors, racked up $7.09 billion of sell-side credit in 2023, leading Marcus & Millichap to crack the top five of apartment-sales brokers for the first time since 2016.
Marcus & Millichap has cracked the top five of apartment-sales brokers for the first time since 2016 — and with its biggest market share ever.
The firm, mostly via its Institutional Property Advisors division, racked up $7.09 billion of sell-side credit in 2023, good for a market share of 9.4%. The fifth-place finish is the brokerage’s strongest in Real Estate Alert’s published rankings in seven years, and best since a fourth-place finish in 2013.
The company’s market share last year is its highest since the newsletter began running multifamily sector league tables in 2006.
Marcus & Millichap’s IPA division focuses on larger, institutional-quality deals. Its goal at its 2011 launch was to streamline the brokerage’s relationships with institutional clients by giving them a single point of contact to coordinate property and portfolio sales in different markets.
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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.