Marcus & Millichap (NYSE: MMI) a leading commercial real estate
investment services firm with offices throughout the United States and
Canada, is pleased to announce the addition of three veteran capital
markets professionals to the company’s financing division, Marcus &
Millichap Capital Corp. (MMCC).
Richard Katzenstein joins MMCC with over 30 years of capital markets
experience and will serve as national director, working closely with
senior vice president and head of MMCC, William E. Hughes, on strategic
growth initiatives. Katzenstein will focus on growing MMCC’s team of
loan originators, building additional lender relationships and expanding
financing tools and capabilities.
Rick Lechtman brings over two decades of capital markets experience and
will serve as regional director with a focus on growing MMCC’s presence
in the Eastern and Midwestern U.S. His responsibilities include
providing support, training and development for the MMCC team and
collaborating with regional managers across the firm to recruit
additional loan originators.
Eric Fixler, a capital markets veteran with 17 years of experience, has
joined MMCC as senior director in Fort Lauderdale. A senior producer,
Fixler brings a full range of debt, equity and advisory services
production capability to MMCC and clients of MMI’s investment sales
brokers.
In the first nine months of 2015, MMCC sourced and closed more than $3.3
billion in debt and equity financing through 1,135 capital markets
transactions across the U.S.
“Expanding MMCC is an important part of our long-term growth
initiative,” said John J. Kerin, president and CEO of Marcus &
Millichap. “The addition of tenured executives Katzenstein and Lechtman
to the MMCC management team, along with the recent hiring of a highly
experienced capital markets team led by Fixler in the Southeast,
reflects our commitment to MMI’s growth strategy.”
“Richard brings deep experience and established relationships to MMCC
from multiple aspects of the capital markets sector, including his most
recent work at Freddie Mac,” said Hughes. “We look forward to his
contributions toward helping our current team of 100 originators reach
an even higher level of performance and efficiency. Richard will be
instrumental in helping grow our commercial bank, insurance company,
agency debt and equity placement capacity and expanding our capital
markets tool kit.”
Hughes continued, “Rick Lechtman’s experience as a top level debt and
equity producer and deep relationships with capital sources and
borrowers in the Eastern and Midwestern U.S. will be pivotal to our
growth. Adding highly experienced origination teams is an important part
of our financing services expansion, in addition to our successful,
ongoing organic growth. Eric Fixler and his team exemplify the kind of
experience, knowledge and lender relationships that will help us enhance
client value and achieve our goals.”
“MMCC not only provides an exciting revenue growth opportunity for MMI,
it is an important value-added service to our investment sales teams and
their clients,” said Hessam Nadji, senior executive vice president. “Our
goal is to further integrate our financing experts and sales
professionals, along with our market research and advisory services, to
deliver the best overall services and results for real estate investors.
These additions are an exciting step for our growth initiative,” Nadji
added.
Most recently managing regional director of Freddie Mac’s Multifamily
Housing Group, Katzenstein provided oversight of regional loan
production and sales while managing a Northeast region with a
multifamily portfolio approximating $15 billion throughout 10 states.
Prior to that he was managing director of Tannery Brook
Partners/Cortview Capital, supervising originations and working with
senior management to create overall group origination strategy. In 2005,
Katzenstein became senior managing director for MUNIMAE/MMA Capital,
LLC, where he directed the firm’s $3 billion investment management
business, including oversight of all proprietary investment activities,
third-party fund management and separate account relationships. In 1995,
Richard joined MONY Life Insurance Company, as managing director.
Lechtman served as eastern director of Marcus & Millichap’s National
Office and Industrial Properties Group for the past two years, focusing
on expanding business throughout the Eastern U.S. and Midwest. The 10
years prior, he served as a managing director with the Ackman-Ziff Real
Estate Group in New York City, where he was responsible for sourcing,
underwriting, and originating structured commercial real estate debt and
equity. His experience includes positions with L.J. Melody & Company,
J.P. Morgan, and Nomura Securities Co. He handled $1.5 billion in debt
and equity placements, the majority secured by office and industrial
assets.
Most recently, Fixler was a senior vice president at Walker & Dunlop,
where he procured capital on behalf of investors for a wide range of
property types nationwide. He came to Walker & Dunlop from Johnson
Capital, which was originally EF Capital, a company that Fixler founded
in 2008. He also worked at Meridian Capital, where he and his team
closed transactions in excess of $400 million annually.
About Marcus & Millichap (NYSE: MMI)
With over 1,500 investment professionals located throughout the
United States and Canada, Marcus & Millichap is a leading specialist in
commercial real estate investment sales, financing, research and
advisory services. Founded in 1971, the firm closed over 7,600
transactions in 2014 with a value of approximately $33.1 billion. The
company has perfected a powerful system for marketing properties that
combines investment specialization, local market expertise, the
industry’s most comprehensive research, state-of-the-art technology, and
relationships with the largest pool of qualified investors. To learn
more, please visit: www.MarcusMillichap.com
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