Institutional Property Advisors (IPA), a division of Marcus & Millichap,
Inc. specializing in serving institutional and major private investors,
is pleased to announce the addition of IPA Boston to its national
platform, according to Brian T. Murdy, IPA’s national director. Industry
veteran Richard P. Robinson and his team of investment professionals,
the former New England team of Apartment Realty Advisors (ARA), will
lead IPA Boston as executive director.
“Richard and his team bring a dynamic combination of brokerage and
advisory service experience and long-standing relationships with many of
the industry’s most prominent institutional investors,” says Murdy.
“We’re very excited for this great addition and expanded ability to
service clients in the New England region.”
IPA Boston features a team of six advisors and support professionals.
Joining Robinson are IPA associate directors Philip Lamere, Jennifer
Athas, and Brendan Reilly, financial analyst James Chang, and marketing
coordinator Kaitlyn Fox.
“The deep experience level of IPA teams around the country, Marcus &
Millichap’s commitment to the IPA platform, and dominance in the private
investor market will greatly enhance our ability to service clients and
grow our team,” says Robinson. “It’s a very collaborative and supportive
culture and we are looking forward to being a part of it,” he added.
Established in 2003, ARA New England has advised institutional and major
private multifamily investors on the sale of more than 18,600 units
valued at more than $2 billion. Robinson’s prior experience includes 24
years as a broker serving both institutional and major private investors.
“Our growth strategy is driven by adding professionals who share our
commitment to client service, collaboration and value-added brokerage,”
says Hessam Nadji, Marcus & Millichap’s chief strategy officer who
oversees the firm’s national specialty groups including IPA. “Richard
and his team set a high standard of professionalism and client results
and we are proud to have them as part of our organization.”
IPA’s expansion into New England is an important part of Marcus &
Millichap’s overall growth strategy throughout the East Coast. “As a
continuation of our East Coast growth plan, we recently opened our
Boston office, which now has 16 investment sales and financing
professionals and counting,” says Gene Berman, executive vice president
responsible for overseeing offices throughout the East Coast and Texas.
“Having Richard and his team on board will further strengthen our local
and regional presence.”
IPA is one of the country’s leading providers of institutional-quality
commercial real estate investment services, including portfolio and
property-level analyses, capital market solutions, research, acquisition
sourcing and property sales. In 2013, the company closed over $3.3
billion in multifamily sales valued at $25 million and above.
With a network of senior-level investment advisors located throughout
the United States, Institutional Property Advisors (IPA) is qualified to
meet the needs of institutional and major private investors. IPA’s
combination of real estate investment and capital markets expertise,
industry-leading technology, superior support services and acclaimed
research offer customized solutions for the acquisition and disposition
of institutional multifamily properties and portfolios.
www.IPAusa.com
Copyright Business Wire 2014