Institutional Property Advisors (IPA), a division of Marcus & Millichap, said Tuesday that veteran commercial real estate industry research professional Dags Chen has joined the firm as head of IPA research and strategy. He will focus on research publications and analytics specifically geared toward institutional investors and their strategy formation and execution, providing research, analysis, and insights on the investment outlook for the institutional marketplace.

Chen has built a long-term institutional research career with multi-year positions at Barings, Ares Management and Clarion Partners. A chartered financial analyst, he has nearly two decades of experience analyzing the intersection between the economy, property fundamentals and real estate capital markets.

Hessam Nadji, Marcus & Millichap’s president and CEO, said, “This strategic addition is designed to elevate our analytical and market intelligence capabilities and position IPA as a key advisor to institutions. In partnership with John Chang, the firm’s chief intelligence and analytics officer, and IPA executives, Dags will leverage the knowledge and experience he has gained guiding strategy for global investment firms to serve multifamily investors and our IPA brokers and financing professionals.”