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Marcus & Millichap to Acquire Mission Capital
Marcus & Millichap (MMI) has entered into a definitive agreement to acquire Mission Capital, a nationally recognized capital markets advisor headquartered in New York. The addition, which is expected to close in the fourth quarter, brings 40 capital markets professionals to MMI including producers, analysts and support personnel with offices in New York, Florida, Texas and California.
“Broadening our capital markets capabilities is a key component of MMI’s long-term growth plan and we are excited to add Mission Capital’s complementary services and track record to our financing division, Marcus & Millichap Capital Corporation (MMCC),” said Hessam Nadji, president and CEO of Marcus & Millichap.
He continued, “Mission’s loan sales and consulting services will expand our lender relationships and client service offerings. Internally, their ability to collaborate with our existing financing and sales professionals will be synergistic to our overall business development.”
Nadji said the Mission Capital debt and equity team’s track record of securing financing for larger and more complex transactions and equity advisory “is highly complementary to MMCC’s core mortgage brokerage business. We are very pleased to welcome founding partners and seasoned professionals David Tobin, Joseph Runk, Jordan Ray and Trenton Staley and their entire team to our roster.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
