Marcus & Millichap has deepened its commitment to Project Destined, a social-impact platform that provides training in financial literacy, entrepreneurship and real estate.
“It is a privilege to partner with Project Destined to further support individuals from all backgrounds who are passionate about exploring careers in commercial real estate,” Richard Matricaria, executive vice president and chief operating officer, Western division, Marcus & Millichap, said in a statement. “The participants are impressive, and the program is exceptionally well run. The mission of Project Destined aligns with Marcus & Millichap’s commitment to cultivating a strong educational foundation and providing a clear pathway to successful careers in commercial real estate.”
Founded by former Carlyle Group executive Cedric Bobo, Project Destined has partnered with leading real estate firms and universities to provide students from all backgrounds with paid, virtual internships. The opportunities have allowed the students to explore the real estate industry and ownership through live real estate deals in various cities across the United States.
“By joining forces with Marcus & Millichap, a revered leader in commercial real estate brokerage since 1971, we present a unique opportunity for students to gain real-time knowledge and experience at the start of their careers,” said Bobo. “Building a strong foundation together furthers our ability to provide access and resources for individuals who may not otherwise be supported. We are excited to grow our partnership with Marcus & Millichap.”
Since spring 2021, Calabasas-based Marcus & Millichap has partnered with Project Destined in Los Angeles, San Francisco, Chicago and Dallas to match participants with mentors of various levels, including executives, regional managers, and investment sales professionals. They taught intern scholars the nuances of commercial real estate. Interns benefited from an eight-week investment sales “bootcamp” featuring an executive speaker series, specialized workshops and scholarship opportunities. This fall, the partnership will expand with the launch of Project Destined in Vancouver, Washington. A new executive speaker series will began in October.
Marcus & Millichap also provides development via the William A. Millichap Fellowship, a 24-month training and development program that progressively builds on critical research, financial analysis, marketing, and relationship-building skills.