Marcus & Millichap Enters Strategic Partnership with EquityMultiple

Rhea-AI Summary

Marcus & Millichap (NYSE:MMI) has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership aims to provide sponsors and operators with supplemental private capital financing sources and offer accredited investors streamlined access to unique real estate equity and credit opportunities. This investment expands MMI's array of capital sources and solutions, creating synergies to facilitate the acquisition, recapitalization, and restructuring needs of any commercial real estate transaction.

CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership will provide sponsors and operators supplemental private capital financing sources and give accredited investors streamlined access to unique real estate equity and credit opportunities.

“Our investment in EquityMultiple allows MMI to be part of a leading innovative technology platform that further expands our array of capital sources and solutions and creates synergies to facilitate the acquisition, recapitalization and restructuring needs of any commercial real estate transaction,” said J.D. Parker, Marcus & Millichap’s chief operating officer, Eastern Division. “Our firm strategically invests in proptech ventures that we believe will help transform the industry and we are excited to join forces with the EquityMultiple team.”

EquityMultiple streamlines and simplifies the process of building strong, diversified commercial real estate (CRE) portfolios by utilizing proprietary, data-driven underwriting methodologies, offering fractional investments in individual properties as well as private CRE funds. With industry-leading asset management, personalized support, and rigorous asset selection, EquityMultiple takes an institutional approach to real estate crowdfunding.

“Since 2015, EquityMultiple has provided capital markets solutions to sponsors and access to the types of commercial real estate opportunities that have long been hallmarks of institutional portfolios,” said Charles Clinton, CEO and cofounder, EquityMultiple. “Our partnership with Marcus & Millichap is an exciting step for our firm and the real estate investing fintech space more broadly.”

Parker stated: “With this partnership, we continue our longstanding tradition of providing the commercial real estate industry with advantages that groundbreaking technologies have to offer. EquityMultiple’s diverse array of real estate investment products expand a service line and broadens our spectrum of debt and equity sources.”

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.

About EquityMultiple

EquityMultiple is a leading investment management and technology firm whose mission is to provide unique real estate private equity and private credit opportunities to accredited investors. EquityMultiple’s network of 50,000 investors has participated in over $5 billion in commercial real estate transactions since 2015. The firm partners with experienced real estate operators in strong markets across the country and offers investments in both individual properties and funds through its innovative platform. For more information, please visit https://www.equitymultiple.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205660395/en/

Gina Relva, VP of Public Relations

Gina.Relva@marcusmillichap.com

510-999-1284

Source: Marcus & Millichap

FAQ

What is the latest investment announcement from Marcus & Millichap (NYSE:MMI)?

Marcus & Millichap (NYSE:MMI) has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform.

What are the benefits of the partnership between Marcus & Millichap (NYSE:MMI) and EquityMultiple?

The partnership aims to provide sponsors and operators with supplemental private capital financing sources and offer accredited investors streamlined access to unique real estate equity and credit opportunities.

What are the goals of the investment made by Marcus & Millichap (NYSE:MMI) in EquityMultiple?

The investment aims to expand MMI's array of capital sources and solutions, creating synergies to facilitate the acquisition, recapitalization, and restructuring needs of any commercial real estate transaction.

Who is the chief operating officer, Eastern Division of Marcus & Millichap (NYSE:MMI)?

J.D. Parker is Marcus & Millichap’s chief operating officer, Eastern Division.

Who is the CEO and cofounder of EquityMultiple?

Charles Clinton is the CEO and cofounder of EquityMultiple.