Commercial real estate brokerage firm Marcus & Millichap (MMI) today announced that it has acquired the assets of LMI Capital, a Houston-based commercial real estate capital advisory firm. Terms were not disclosed.
LMI Capital, the capital advisory firm 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,” said the company in a statement.
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“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,” said Hessam Nadji, president and CEO of Marcus & Millichap.
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.”