MMI News and Press, Marcus & Millichap Inc. From 10/05/23

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of Waters Edge, a 304-unit multifamily asset located in The Lakes master-planned community, consisting of high-end waterfront single-family residences, condos, and apartments i...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , has published a special new report: Florida’s Apartment Renter Evolution. “Florida is adding renter households at a strong pace, realizing among the highest demand for apartments seen...

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Kelby Farms, a 277-unit multifamily property in Durham, North Carolina. The $84.75 million sales price equ...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of Aiya, a 360-unit multifamily asset in Gilbert, Arizona. The property sold for $112 million, or $311,111 per unit. “Gilbert has one of Greater Phoenix’s hig...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , has closed 15 multifamily asset sales valued at $860 million with $1.6 billion currently under contract or in escrow in Dallas-Fort Worth (DFW) to date in 2023. “The deep conviction institut...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , published a new national report, Pullback in Multifamily Construction Starts. “As access to development capital across the country diminishes and rent growth slows, multifamily starts are co...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , has published a Special Texas Multifamily Construction Report. “Apartment construction starts in Dallas-Fort Worth, Houston, Austin and San Antonio plunged to 6,500 units during second quart...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , has published its Class A Multifamily Outlook Midyear 2023 special report. “Today’s high barriers to homeownership are helping support demand for high-end apartments, particularly amo...

2023-08-07 05:24:21 ET Summary Marcus & Millichap's financial performance has declined compared to the previous year due to challenging economic conditions. The company has reduced operational costs and maintained a strong balance sheet, but its share price performance is unde...

2023-08-04 14:45:23 ET Marcus & Millichap, Inc. (MMI) Q2 2023 Earnings Conference Call August 04, 2023 10:30 AM ET Company Participants Jacques Cornet - IR Hessam Nadji - President and CEO Steve DeGennaro - CFO Conference Call Participants Blaine ...