Marcus & Millichap (NYSE:MMI) today announced its Institutional Property
Advisors (IPA) division has expanded their national team of senior
advisors with the addition of IPA Seattle, according to Brian Murdy,
national director of IPA Multifamily. Peter Shelton will lead the
Seattle team as executive director. Kim Grant joins as senior director.
“Expanding IPA into Seattle deepens the division’s Pacific Northwest
footprint and gives the region’s multifamily investors greater access to
the full range of our firm’s advisory, brokerage and capital markets
services,” said Murdy. “Pete and Kim’s track records of exemplary
commitment to client service and in-depth Seattle-area market knowledge
will be of considerable benefit to our clients in the region and
nationally.”
Prior to joining IPA, Shelton was a multifamily property investment
specialist in the Bellevue, Washington office of Cushman & Wakefield
where he worked with institutions, high-net-worth individuals and
private capital groups. He specializes in the acquisition and
disposition of multifamily investment properties and urban development
sites in Seattle and throughout the Pacific Northwest. Before that,
Shelton was the top-producing broker at Kidder Mathews. He also worked
as the operations manager of investment holdings for a high-net-worth
individual in the Seattle area and spent seven years in sales with the
Atlantic Richfield Corp. Shelton graduated from Washington State
University with a Bachelor of Science degree in chemical engineering.
“Joining IPA is an excellent opportunity and I am excited to be able to
provide my clients access to the firm’s effective property marketing
platform and industry-leading pool of large private investors and
institutional buyers,” adds Shelton.
Grant also comes to IPA from Cushman & Wakefield and has worked with
Kidder Mathews. Prior to Kidder Mathews, she was with Pinnacle Realty
Management where she assisted with the management of a 2,400-unit
multifamily portfolio in the greater Seattle marketplace worth more than
$200 million. BRE Properties, at the time a West Coast-based real estate
investment trust, recruited Grant during the initial lease-up of its
then-largest property, located in downtown Bellevue. She also worked
with the Allied Group where she specialized in improving operations on
troubled properties and with AvalonBay Communities where she renovated a
Redmond, Washington multifamily asset, and stabilized a sister property.
“Kim’s property management background positions clients with an
opportunity to capitalize on her relationships with owners and
developers,” said Murdy.
“I am looking forward to bolstering IPA’s presence in Seattle’s dynamic
multifamily marketplace,” Grant said. “The IPA platform will be
extremely beneficial to my clients and I’m happy to bring my skills and
experience to the firm’s network of senior-level investment
professionals.”
IPA’s expansion into Seattle is a fundamental part of Marcus &
Millichap’s growth strategy on the West Coast.
“With the presence of Pete and Kim in Seattle, IPA provides
institutional and large private investors with value-added brokerage
services up and down the coast,” says Joel Deis, regional manager of
Marcus & Millichap’s Seattle office. “We are pleased to have them here
as we anticipate that the metro’s thriving economy, buoyed by a
flourishing tech sector, will continue to attract a wide range of
investment capital.”
About Marcus & Millichap (NYSE:MMI)
With over 1,600 investment sales and financing 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
8,700 transactions in 2015 with a value of approximately $37.8 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
About Institutional Property Advisors (IPA)
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 properties and portfolios. www.IPAusa.com
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