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Marcus & Millichap, Inc. Expands Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Marcus & Millichap, Inc. (NYSE: MMI) has appointed Collete English Dixon to its Board of Directors effective November 2, 2021. Dixon, who brings extensive experience in the commercial real estate sector, will also serve on the Nominating & Corporate Governance Committee. Previously, she held key positions at PGIM Real Estate and is currently the Executive Director of the Marshall Bennett Institute of Real Estate at Roosevelt University. Chairman George Marcus highlighted her extensive experience as beneficial to the company's growth and client services.
Positive
Collete English Dixon's extensive experience in commercial real estate is expected to enhance the company's leadership.
Her background includes significant roles at PGIM Real Estate, bringing valuable industry insights.
Negative
Concerns regarding continuity and experience gaps in leadership may arise with new board appointments.
Appoints Collete English Dixon to Board of Directors
CALABASAS, Calif.--(BUSINESS WIRE)--
Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, “MMI”) (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today announced that it has expanded the Board of Directors with the election of Ms. Collete English Dixon, effective November 2, 2021. She will also serve as a member of the Board’s Nominating & Corporate Governance Committee.
Collete English Dixon (Photo: Business Wire)
George Marcus, Marcus & Millichap’s Chairman stated, “We are pleased to welcome Collete to the Board of Directors. She brings extensive commercial real estate industry experience and perspective having served in executive positions with impressive private and public companies. Her knowledge and expertise will be a beneficial resource to the Company as we continue our efforts to grow and enhance the services we provide to our clients.”
Collete currently serves as Executive Director of the Marshall Bennett Institute of Real Estate, Roosevelt University in Chicago. She previously held various key officer and management roles at PGIM Real Estate/Prudential Real Estate Investors (PREI), which is a business unit of Prudential Financial. In her role as Executive Director/Vice President of transactions from 1996 to 2016, as co-leader of PREI’s national investment dispositions program, she managed a number of real estate professionals and oversaw the sale of investment properties throughout the US. Prior to her role in dispositions, Collete was responsible for sourcing wholly owned and joint venture real estate investment opportunities covering all property types, including office, rental and for-sale multi-family, hotel, industrial and retail properties. Her experience also includes property development and asset management.
In addition to her corporate roles, Collete is a member of various private real estate boards and has served as President of CREW Network, Chair of the CREW Network Foundation, and President of CREW Chicago.
About Marcus & Millichap, Inc.
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2020, the Company had 2,097 investment sales and financing professionals in 84 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 8,954 transactions in 2020, with a sales volume of approximately $43.4 billion. For additional information, please visit www.MarcusMillichap.com.
Collete English Dixon is the newly appointed member of the Board of Directors at Marcus & Millichap, bringing extensive experience in commercial real estate.
What role will Collete English Dixon have at Marcus & Millichap?
Collete English Dixon will serve on the Nominating & Corporate Governance Committee as a member of the Board of Directors.
When did Collete English Dixon join the Board of Directors?
Collete English Dixon officially joined the Board of Directors on November 2, 2021.
How might Collete English Dixon impact Marcus & Millichap?
Her extensive experience in the commercial real estate sector is expected to strengthen the company's leadership and enhance services provided to clients.
