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Thursday, May 19, 2022

Texas-Sized Acquisition

Marcus & Millichap Inc. has acquired Houston-based LMI Capital.Financial terms of the acquisition by the Calabasas-based real estate brokerage were not disclosed.Founded in 1999, LMI arranges debt and equity capital across all property types, including multifamily, industrial, retail, office, self-storage and hospitality.The 10-person team at LMI has completed more than $1.2 billion in finance transactions during the past three years. The company has a specialty in Fannie Mae and Freddie Mac loan arrangements, according to a Marcus & Millichap statement.“LMI’s track record of repeat business with their clients and compatibility with our existing MMCC (Marcus & Millichap Capital Corp.) and investment sales professionals were particularly attractive to us,” Marcus & Millichap Chief Executive Hessam Nadji said in a statement.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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