In conjunction with the acquisition, Brian Eisendrath will join Marcus & Millichap’s Institutional Property Advisors division as executive managing director, specializing in multifamily debt, equity and capital markets advisory services.
For the past 15 years, Eisendrath has been a multifamily transaction loan originator with both agency and non-agency financing. Since 2005, he and his team closed more than 1,000 multifamily financing transactions valued at more than $35 billion. Over the past three years, Eisendrath originated more than $8 billion in agency debt alone.
“Brian’s capital markets expertise and exceptional origination track record, especially on the agency debt side, will be instrumental in augmenting IPA’s overall services and growth,” Hessam Nadji, chief executive of Marcus & Millichap, said in a statement.
“My goal is to de-commoditize capital markets services, and I am excited to join forces with IPA,” Eisendrath said in a statement. “Our collective ability to provide deal flow and capital through the collaborative culture that IPA has built will differentiate us in the marketplace.”
Shares of Marcus & Millichap (MMI) closed Thursday up 3 cents, or a fraction of a percent, to $49.09 on the New York Stock Exchange, while the Dow closed down a fraction of a percent.