Net Income of $0.10 Per Diluted Share for Second Quarter 2026

CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, or “MMI”) (NYSE: MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services, reported its second quarter financial results today.

Second Quarter 2026 Highlights Compared to Second Quarter 2025

• Total revenue increased by 17.8% to $202.9 million, compared to $172.3 million
  • Brokerage commissions increased by 18.1% to $167.0 million, compared to $141.4 million
  • Private Client Market brokerage revenue increased by 13.6% to $106.2 million, compared to $93.5 million
  • Middle Market and Larger Transaction Market brokerage revenue increased by 29.4% to $54.7 million, compared to $42.3 million
  • Financing fees increased by 15.3% to $30.3 million, compared to $26.3 million
• Pre-tax income increased by $10.0 million to $6.3 million compared to pre-tax loss of $3.7 million
• Net income of $3.9 million, or $0.10 per common share, diluted, compared to a net loss of $11.0 million, or $0.28 per common share, diluted
• Adjusted EBITDA¹ increased by $10.6 million to $12.1 million compared to $1.5 million

Six Months 2026 Highlights Compared to Six Months 2025

• Total revenue increased by 18.0% to $374.4 million, compared to $317.3 million
  • Brokerage commissions increased by 15.1% to $305.1 million, compared to $265.0 million
  • Private Client Market brokerage revenue increased by 13.5% to $194.4 million, compared to $171.2 million
  • Middle Market and Larger Transaction Market brokerage revenue increased by 19.5% to $99.3 million, compared to $83.1 million
  • Financing fees increased by 28.7% to $57.1 million, compared to $44.4 million
• Pre-tax income increased by $21.8 million to $4.1 million compared to pre-tax loss of $17.7 million
• Net income of $0.8 million, or $0.02 per common share, diluted, compared to a net loss of $15.5 million, or $0.40 per common share, diluted
• Adjusted EBITDA¹ increased by $22.4 million to $15.1 million compared to $(7.3) million

“Our strong second quarter is the culmination of numerous internal initiatives to expand our client outreach and more favorable catalysts for CRE sales and financing,” said Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap. “Our private client recovery gained momentum as banks and credit unions have become more active, while our larger, institutional sales and financing volumes also showed significant progress.”

Mr. Nadji continued, “The passage of time since the market bottom, coupled with the repricing of CRE assets in response to higher interest rates, is driving increased transaction activity. The recent resurgence of the Middle East conflict and inflation pressures continue to challenge bid/ask spreads tied to the rise in rates over the last few months. However, we are leveraging MMI’s size, scale and unwavering focus on client connectivity to continue revenue growth and service expansion strategies. Our fortress balance sheet is enabling us to continue investing in our platform and talent while returning capital to shareholders as part of our ongoing efforts to create long-term value.”

Second Quarter 2026 Results Compared to Second Quarter 2025

Total revenue for the second quarter 2026 was $202.9 million, an increase of 17.8% compared to $172.3 million for the second quarter 2025.

For real estate brokerage commissions, revenue was $167.0 million, an increase of 18.1% compared to the same period in the prior year. The increase was primarily attributed to an 18.4% increase in total sales volume compared to the second quarter 2025. The Larger Transaction Market revenue increased by 43.2% and the Private Client Market revenue increased by 13.6%.

For financing fees, revenue was $30.3 million, an increase of 15.3% compared to the same period in the prior year. The increase was primarily attributed to a 5.4% increase in total financing volume and a 10 basis point increase in the average fee rate earned, compared to the second quarter 2025.

Total operating expenses for the second quarter 2026 were $200.7 million compared to $181.3 million for the same period in the prior year. The change was primarily due to an increase of $20.0 million in cost of services. Cost of services as a percentage of total revenue increased by 50 basis points to 62.4% compared to the same period during the prior year, primarily due to our senior investment sales and financing professionals earning higher commissions in 2026.

Selling, general and administrative expenses remained relatively consistent at $71.7 million for the second quarter 2026 compared to $71.6 million for the same period in 2025.

Net income for the second quarter 2026 was $3.9 million, or $0.10 per common share, diluted, compared to a net loss of $11.0 million, or $0.28 per common share, diluted, for the same period in 2025. Adjusted EBITDA for the second quarter 2026 was $12.1 million, compared to $1.5 million for the same period in the prior year, primarily as a result of the increase in operating income.

Six Months 2026 Results Compared to Six Months 2025

Total revenue for the six months ended June 30, 2026 was $374.4 million, compared to $317.3 million for the same period in the prior year, an increase of $57.1 million, or 18.0%. Total operating expenses for the six months ended June 30, 2026 increased by 9.8% to $377.9 million compared to $344.1 million for the same period in the prior year. Cost of services as a percentage of total revenue increased to 61.5%, an increase of 10 basis points compared to the first six months of 2025. The Company’s net income for the six months ended June 30, 2026 was $0.8 million, or $0.02 per common share, diluted, compared to a net loss of $15.5 million, or $0.40 per common share, diluted for the same period in the prior year. Adjusted EBITDA for the six months ended June 30, 2026 was $15.1 million compared to $(7.3) million for the same period in the prior year. As of June 30, 2026, the Company had 1,677 investment sales and financing professionals, compared to 1,640 at the end of the same period last year.

Capital Allocation

On July 31, 2026, the Board of Directors declared a semi-annual regular dividend of $0.25 per share, payable on October 6, 2026, to stockholders of record at the close of business on September 15, 2026.

During the six months ended June 30, 2026, the Company repurchased 912,957 shares of common stock at an average price of $26.22 for a total purchase price of $23.9 million. Since August 2022, the Company has repurchased and retired 3,987,494 shares of common stock at an average price of $30.06 per share for a total price of $119.9 million.

On April 30, 2026, the Company's Board of Directors approved an additional $70 million to repurchase common stock under its stock repurchase program. After accounting for shares repurchased through August 3, 2026, the Company has approximately $90.1 million available to repurchase shares under its program. No time limit has been established for the completion of the program, and the repurchases are expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans.

Business Outlook

Despite ongoing price discovery and wider than normal bid/ask spreads, the Company believes the commercial real estate transaction market is poised to overcome the near-term challenges which are currently expected to extend through 2026. Accordingly, the Company believes it remains well-positioned to return to long-term growth.

The Company benefits from its experienced management team, infrastructure investments, industry-leading market research and proprietary technology. We believe the size and fragmentation of the Private Client Market continue to offer long-term growth opportunities through consolidation. This highly fragmented market segment consistently accounts for over 80% of all U.S. commercial property transactions and over 60% of the commission pool. The top 10 brokerage firms led by MMI had an estimated 18% share of this segment by transaction count in 2025.

Key factors that may influence the Company’s business during the remainder of 2026 include:

• Volatility in transactional activity and investor sentiment driven by:
  • potentially volatile cost of debt capital;
  • interest rate uncertainty, the potential for rising inflation and the heightened bid-ask spread between buyers and sellers;
  • risks of a potential recession and its unfavorable impact on commercial real estate space demand;
  • possible impact of the U.S. administration’s tariff, immigration, geopolitics and other policy changes on market sentiment, which may influence transaction velocity and/or future fluctuations in interest rates, sales and financing activity; and
  • increases in operating expenses driven by labor costs, insurance, taxes and cost of construction materials.
• The implementation of new tax laws, many of which are beneficial to commercial real estate investors;
• Volatility in the markets in which the Company operates;
• Increases in costs related to in-person events, client meetings, and conferences;
• Global geopolitical uncertainty, which may cause investors to refrain from transacting; and
• The potential for acquisition activity and subsequent integration.

Webcast and Call Information

Marcus & Millichap will host a live webcast today to discuss the financial results at 7:30 a.m. Pacific Time/10:30 a.m. Eastern Time. The webcast will be accessible through the Investor Relations section of Marcus & Millichap's website at ir.marcusmillichap.com and will be archived upon completion of the call. The Company encourages the use of the webcast due to potential extended wait times to access the conference call via dial-in.

For those unable to access the webcast, callers from the United States and Canada should dial 1-877-407-9208 ten minutes prior to the scheduled call time. International callers should dial 1-201-493-6784.

Replay Information

For those unable to participate during the live broadcast, a telephonic replay of the call will also be available from 1:30 p.m. Eastern Time on Thursday, August 6, 2026 through 11:59 p.m. Eastern Time on Thursday, August 20, 2026 by dialing 1-844-512-2921 in the United States and Canada or 1-412-317-6671 internationally and entering passcode 13759355.

About Marcus & Millichap, Inc.

Marcus & Millichap, Inc. is a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. As of December 31, 2025, the Company had 1,808 investment sales and financing professionals in more than 80 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, and leasing services to its clients. Marcus & Millichap, Inc. closed 8,818 transactions in 2025, with a sales volume of $50.8 billion. For additional information, please visit www.MarcusMillichap.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements, including our expectations regarding the long-term outlook of the commercial real estate transaction market, and our positioning within it, our belief relating to the Company’s long-term growth, our assessment of the key factors influencing the Company’s business outlook, including the expectation for future interest rate cuts or rising inflation and likely impact of such cuts or inflation on commercial real estate demand, and the execution of our capital return program, including a semi-annual dividend and stock repurchase program. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to:

• general uncertainty in the capital markets, a worsening of economic conditions, and the rate and pace of economic recovery following an economic downturn;
• changes in our business operations;
• market trends in the commercial real estate market or the general economy, including the impact of inflation and changes to interest rates;
• our ability to attract and retain qualified senior executives, managers, and investment sales and financing professionals;
• the impact of forgivable loans and related expense resulting from the recruitment and retention of agents;
• the impact of litigation and our success in appealing any judgments entered against us;
• the effects of increased competition on our business;
• our ability to successfully enter new markets or increase our market share;
• our ability to successfully expand our services and businesses and to manage any such expansions;
• our ability to retain existing clients and develop new clients;
• our ability to keep pace with changes in technology;
• any business interruption or technology failure, including cybersecurity risks and ransomware attacks, and any related impact on our brand reputation or clients;
• the failure to maintain the security of our information and technology networks, including personally identifiable and client information;
• changes in interest rates, availability of capital, tax laws, tariffs and trade regulations, executive orders, employment laws, or other government regulation affecting our business;
• our ability to successfully identify, negotiate, execute, and integrate accretive acquisitions; and
• other risk factors included under “Risk Factors” in our most recent Annual Report on Form 10-K or in any subsequent SEC report.

In addition, in this release, words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “goal,” “expect,” “predict,” “potential,” “should,” and similar expressions, as they relate to our Company, our business and our management, are intended to identify forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Forward-looking statements speak only as of the date of this release. You should not put undue reliance on any forward-looking statements. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. We have not filed our Quarterly Report on Form 10-Q (“Form 10-Q”) for the quarter ended June 30, 2026. As a result, all financial results described in this release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates, that are identified prior to the time we file our Form 10-Q.

MARCUS & MILLICHAP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)

MARCUS & MILLICHAP, INC.
KEY OPERATING METRICS SUMMARY
(Unaudited)

Total sales volume was approximately $14.1 billion for the three months ended June 30, 2026, encompassing 2,306 transactions consisting of $9.5 billion for real estate brokerage (1,530 transactions), $3.6 billion for financing (480 transactions) and $1.0 billion in other transactions, including consulting and advisory services (296 transactions). Total sales volume was $26.2 billion for the six months ended June 30, 2026, encompassing 4,328 transactions consisting of $17.4 billion for real estate brokerage (2,878 transactions), $6.7 billion for financing (878 transactions) and $2.1 billion in other transactions, including consulting and advisory services (572 transactions). As of June 30, 2026, the Company had 1,575 investment sales professionals and 102 financing professionals. Key metrics for real estate brokerage and financing activities (excluding other transactions) are as follows:

The following table sets forth the number of transactions, sales volume and revenue by commercial real estate market for real estate brokerage:

MARCUS & MILLICHAP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except for shares and par value)

MARCUS & MILLICHAP, INC.
OTHER INFORMATION
(Unaudited)

Adjusted EBITDA Reconciliation

Adjusted EBITDA, which the Company defines as net income (loss) before (i) interest income and other, including interest on marketable debt securities, available-for-sale and cash, cash equivalents, and restricted cash, and net realized gains (losses) on marketable debt securities, available-for-sale, (ii) interest expense, (iii) provision (benefit) for income taxes, (iv) depreciation and amortization, and (v) stock-based compensation. The Company uses Adjusted EBITDA in its business operations to evaluate the performance of its business, develop budgets and measure its performance against those budgets, among other things. The Company also believes that analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate its overall operating performance. However, Adjusted EBITDA has material limitations as a supplemental metric and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under U.S. generally accepted accounting principles (“U.S. GAAP”). The Company finds Adjusted EBITDA to be a useful management metric to assist in evaluating performance, because Adjusted EBITDA eliminates items related to capital structure, taxes and non-cash items. Considering the foregoing limitations, the Company does not rely solely on Adjusted EBITDA as a performance measure and also considers its U.S. GAAP results. Adjusted EBITDA is not a measurement of the Company’s financial performance under U.S. GAAP and should not be considered as an alternative to net income (loss), operating income (loss) or any other measures calculated in accordance with U.S. GAAP. Because Adjusted EBITDA is not calculated in the same manner by all companies, it may not be comparable to other similarly titled measures used by other companies.

A reconciliation of the most directly comparable U.S. GAAP financial measure, net income (loss), to Adjusted EBITDA is as follows (in thousands):

Glossary of Terms

• Private Client Market: transactions with values from $1 million up to but less than $10 million
• Middle Market: transactions with values from $10 million up to but less than $20 million
• Larger Transaction Market: transactions with values of $20 million and above
• Acquisitions: acquisitions of businesses accounted for as a business combination in accordance with generally accepted accounting standards

Certain Adjusted Metrics

Real Estate Brokerage

Following are actual and as adjusted metrics excluding any large transactions in our real estate brokerage business in excess of $300 million:

View source version on businesswire.com: https://www.businesswire.com/news/home/20260806839418/en/

Investor Relations Contact:
Investor Relations
InvestorRelations@marcusmillichap.com

Source: Marcus & Millichap, Inc.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company’s institutional clients, announced today the sale of the 400-unit Ponte Verde at Palm Beach Lakes condominium in West Palm Beach, Florida. New Jersey-based Kamson Corp. purchased the property for $90.5 million. Luke Wickham, IPA senior managing director investments, Evan Kristol of Marcus & Millichap, and Shelton Granade and Justin Basquill of IPA brokered the sale. The Ponte Verde at Palm Beach Lakes Condominium Association retained an affiliate of the Condominium Advisory Group LLC, led by John Cadden and Michael Fish, to serve as trustee.

“The highest and best use of this property is conversion from condominium to multifamily rental,” said Wickham. “Extraordinarily strong demand for housing in Florida, and in West Palm Beach in particular, helped make this asset a compelling opportunity for investors who recognize the upside potential in the asset and location. The offering attracted significant investor interest, generating a multitude of full-price offers.”

“The challenges facing this property, including the financial impact of the Florida Building Safety Act’s reserve requirements and rising operating expenses made Ponte Verde an ideal candidate for a condominium deconversion and sale to a value-add multifamily investor,” said Cadden. “By working closely with the condominium association, its owners, and IPA, we successfully navigated the complex termination process, positioned the property for the marketplace, and maximized value for the owners.”

The property is adjacent to the Bear Lakes Country Club and shopping is close by at the Tanger Outlets Palm Beach and CityPlace. There are over 169,000 jobs within a five-mile radius with employers such as HCA Florida Palms West Hospital, St. Mary’s Medical Center, and Palm Beach State College. Downtown West Palm Beach, the Norton Museum of Art, and Palm Beach International Airport are within a short drive.

“This sale reflects the increasing role of condominium reconversions in Florida as older properties face rising maintenance costs, mandatory structural reserve funding, and evolving regulatory requirements,” said Andrew Leahy, national division leader, IPA Multifamily. “The market knowledge, strategic planning, and transaction experience of IPA and the Condominium Advisory Group helped guide a complex transaction while protecting the interests of condominium owners and maximizing value.”

Ponte Verde at Palm Beach Lakes is a gated, two- and three-story garden-style property with 24 residential buildings and a clubhouse. Common area amenities include two swimming pools, two racquetball courts, and a dry sauna. Units have open floor plans, large closets, and ceiling fans. The average unit size is 901 square feet.

About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.

About the Condominium Advisory Group

With over 100 years of combined condominium experience, the Condominium Advisory Group is committed to doing what is right for every Florida condominium association’s unique circumstances. The group acts as a neutral entity supported by a reserve advisor, contractor, and real estate attorney partners to navigate condominium associations through SB 4-D mandates to ensure boards and owners are satisfied with the results. For more information, please visit: www.coadvisorygroup.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260804869858/en/

Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com

Source: Marcus & Millichap, Inc.

About Marcus & Millichap, Inc.

Marcus & Millichap, Inc. is a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. As of December 31, 2025, the Company had 1,808 investment sales and financing professionals in more than 80 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, and leasing services to its clients. Marcus & Millichap, Inc. closed 8,818 transactions in 2025, with a sales volume of $50.8 billion. For additional information, please visit www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260803138809/en/

Investor Relations Contact:
InvestorRelations@marcusmillichap.com

Source: Marcus & Millichap Inc.

CALABASAS, Calif.--(BUSINESS WIRE)--

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, today announced that Deferred, the first and only technology-powered qualified intermediary transforming 1031 exchanges for everyday real estate investors, has joined Marcus & Millichap’s Preferred Partner Program as a provider of 1031 exchange solutions.

The relationship is designed to provide Marcus & Millichap’s clients with streamlined access to qualified intermediary services and technology-enabled 1031 exchange solutions that help investors preserve capital, defer taxes, and execute reinvestment strategies more efficiently.

As interest rates, tax considerations, and market conditions continue to influence investment decisions, many commercial real estate owners are seeking ways to maximize after-tax proceeds while maintaining purchasing power. Through this relationship, Marcus & Millichap’s clients will gain access to Deferred’s exchange platform, educational resources, and experienced exchange professionals.

“Helping clients create and preserve wealth through commercial real estate extends beyond the transaction itself,” said Richard Matricaria, chief growth officer of Marcus & Millichap. “1031 exchanges remain one of the most effective tools available to investors seeking to preserve equity and reposition capital. Deferred provides a modern, client-focused approach to guiding investors through the exchange process. Their combination of expertise, service and technology makes them a valuable addition to our Preferred Partner Program.”

Deferred combines more than 100 years of collective exchange experience with a powerful software platform designed to make 1031 exchanges simpler, safer, and more cost effective for investors.

“Marcus & Millichap has built one of the strongest brands and most extensive client networks in commercial real estate,” said Judd Schoenholtz, CEO of Deferred. “We are excited to support Marcus & Millichap’s clients and professionals with a platform that simplifies the exchange process and helps investors preserve more capital for future investments.”

Marcus & Millichap agents who have worked with Deferred consistently describe the company as a trusted 1031 exchange partner that helps them deliver greater value to clients through a seamless, professional process backed by deep expertise. They note that Deferred simplifies complex transactions, inspires confidence in tax-deferral strategies, strengthens long-term client relationships, and enhances the overall client experience.

For more information, visit Deferred and the Marcus & Millichap Preferred Partner Program.

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.

About Deferred

Deferred is a technology-powered Qualified Intermediary transforming 1031 exchanges for everyday real estate investors. By eliminating unnecessary fees, enhancing fund security, and leveraging AI-driven automation, Deferred is making real estate transactions simpler, safer, and more cost-effective. Learn more at Deferred.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260723390198/en/

Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com

Source: Marcus & Millichap, Inc.

The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer.

WEBCAST INFORMATION

A live webcast of the call will be accessible through the Investor Relations section of Marcus & Millichap's website at www.MarcusMillichap.com and will be archived upon completion of the call. The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in. For those unable to access the webcast, callers from the United States and Canada should dial 1-877-407-9208 ten minutes prior to the scheduled call time. International callers should dial 1-201-493-6784.

REPLAY INFORMATION

For those unable to participate during the live broadcast, a telephonic replay of the call will also be available from 2:30 p.m. Eastern Time on Thursday, August 6, 2026, through 11:59 p.m. Eastern Time on Thursday, August 20, 2026, by dialing 1-844-512-2921 in the United States and Canada or 1-412-317-6671 internationally and entering passcode 13759355.

About Marcus & Millichap, Inc.

Marcus & Millichap, Inc. is a leading national real estate services firm specializing in commercial real estate investment sales, financing services, research and advisory services. As of December 31, 2025, the Company had 1,808 investment sales and financing professionals in more than 80 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, and leasing services to its clients. Marcus & Millichap, Inc. closed 8,818 transactions in 2025, with a sales volume of $50.8 billion. For additional information, please visit www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260723605191/en/

Investor Relations Contact:

Investor Relations
InvestorRelations@marcusmillichap.com

Source: Marcus & Millichap, Inc.

Demadis has financing experience across a wide range of asset classes, with a primary focus on industrial and multifamily properties throughout the Northeast. He specializes in ground-up construction and structured transactions and has closed more than $1 billion in debt and equity financing, working with capital sources including life companies, Fannie Mae, Freddie Mac, banks, debt funds and institutional equity investors.

“Ryan brings significant capital markets experience, deep lender relationships and a strong track record advising clients across industrial, multifamily, and other property types,” said Sznajderman. “His expertise in construction financing and structured transactions will be a valuable addition as we continue to expand IPA Capital Markets’ production capabilities throughout the Eastern region.”

Prior to joining IPA Capital Markets, Demadis served as a senior vice president with Northmarq for more than a decade. Earlier in his career, he was part of the office leasing and investment sales team at RM Bradley in Hartford, Connecticut, where he focused on tenant and landlord representation.

Demadis holds a Bachelor of Science degree in real estate and urban economics with a concentration in finance from the University of Connecticut School of Business. He is an active member of NAIOP and REFA and serves as vice president of the board of The RiseUP Group, a nonprofit focused on youth development, mentoring, and public art in Connecticut.

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260717739112/en/

Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com

Source: Marcus & Millichap, Inc.

“We created a competitive bidding environment, and the multiple offers we received underscore the continued demand for core Los Angeles commercial real estate,” said Jeff Louks, executive managing director investments in Marcus & Millichap’s Encino office. Louks, Gayle Factor, and Elliot Sabag of Marcus & Millichap represented the seller, a private investor. Matt Ziegler of Marcus & Millichap, along with Louks, Factor, and Sabag procured the buyer, Prime Residential. “The property's extensive recent upgrades have modernized the community and enhanced its appeal to residents in one of Los Angeles’ most sought-after neighborhoods,” said Ziegler.

Located at 740 S Burnside Ave. near Wilshire Boulevard, the property gives residents immediate access to Museum Row, anchored by the Los Angeles County Museum of Art, and The Grove shopping mall. The Los Angeles Metro Rail system’s Wilshire/Fairfax station is nearby, and Interstate 10, U.S. Highway 101, and Interstate 405 provide convenient access to Downtown Los Angeles, Beverly Hills, and Santa Monica. Notable employment centers, including Century City and Hollywood, are also nearby.

Built in 1988, Palm Court Apartments has 48 one-bedroom/one-bath units, 72 two-bedroom/two-bath apartments, and 12 three-bedroom/two-bath units. Apartment interiors feature custom cabinetry, quartz countertops, and stainless-steel appliances. Community amenities include controlled-access gated parking, an upgraded heated swimming pool and spa, fitness center, saunas, a rooftop sundeck, and laundry facilities on every floor.

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260716890920/en/

Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com

Source: Marcus & Millichap, Inc.

CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, today announced a strategic partnership with Brown & Brown, Inc. (NYSE: BRO), one of the world’s largest insurance brokerage firms. This addition is part of Marcus & Millichap’s recently launched Preferred Partner Program.

Insurance costs have become an increasingly important factor in commercial real estate underwriting. Marcus & Millichap clients will gain access to data-driven insurance indications, portfolio analysis and risk management resources designed to help investors better evaluate acquisition opportunities and operating risks. Brown & Brown’s National Real Estate Practice also provides access to major insurance carriers and specialty markets serving commercial real estate investors.

“Insurance has become a critical component of investment analysis and transaction execution,” said Richard Matricaria, chief growth officer of Marcus & Millichap. “Brown & Brown provides our clients with valuable insurance and risk insights earlier in the investment process, helping them evaluate opportunities and execute transactions with greater confidence.”

In addition to acquisition-focused insurance indications, Brown & Brown provides consultative services including portfolio reviews, catastrophe modeling, due diligence support and broader risk management solutions. Through the relationship, Marcus & Millichap clients and investment professionals will gain streamlined access to risk, underwriting and portfolio insights that support acquisition, underwriting and asset management decisions, along with educational content, webinars and resources focused on insurance trends and portfolio risk management.

“As insurance costs continue to play a larger role in valuation and execution, commercial real estate investors are seeking greater clarity early in the transaction process,” said Dan Cioci, executive vice president and director of Brown & Brown’s National Real Estate Practice. “Marcus & Millichap’s scale, long-standing investor relationships and national platform make them an ideal partner for Brown & Brown. Together, we are helping investors refine acquisition pricing assumptions, better evaluate risk and move through deals with greater confidence.”

For more information, visit Brown & Brown and the Marcus & Millichap Preferred Partner Program.

About Marcus & Millichap

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices at year end.

About Brown & Brown

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions since 1939. With a global presence spanning more than 700 locations and approximately 23,000 professionals, Brown & Brown provides risk management strategies for businesses and individuals worldwide. Learn more at BBrown.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260618229261/en/

Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com

Source: Marcus & Millichap, Inc.

Sharone Sabar, executive managing director in MMCC’s Encino office, secured the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65% loan-to-cost.

“Securing financing for a project of this scale and complexity in Beverly Hills reflects not only the strength and vision of the sponsorship team, but also lender confidence in the long-term fundamentals of the market,” said Sabar. “This development has been years in the making and will deliver much-needed housing, vibrant retail offerings, and an exceptional living experience in one of the most prestigious residential markets in the country. Upon completion, it is expected to be the largest residential complex in Beverly Hills’ history, creating a transformative addition to the city’s landscape.”

Sabar added: “The project will transform a long-held commercial site into 140 luxury multifamily residences and 13,303 square feet of ground-floor retail in one of Southern California’s most sought-after and supply-constrained markets. The sponsor acquired the property in October 2014 and spent more than a decade navigating the entitlement and planning process to bring the project to fruition.”

Situated along the La Cienega corridor, the six-story mixed-use development benefits from exceptional connectivity and visibility, with proximity to The Grove, Beverly Hills’ Golden Triangle, Santa Monica Boulevard, and major transportation routes throughout Los Angeles.

The project includes a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, and a comprehensive amenity package. Residents will have access to a rooftop deck featuring a resort-style pool, restaurant and bar, coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces, and a communal kitchen. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

“As capital markets continue to favor clarity of execution and long-term value, transactions like this underscore the importance of patience, sponsorship quality, and strong lender alignment in advancing complex developments in competitive markets,” concluded Sabar.

About Marcus & Millichap Capital Corporation

Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2025, MMCC closed 1,659 transactions totaling $11.9 billion. To learn more, please visit: marcusmillichap.com/financing.

About Marcus & Millichap

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices at year end.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260612577699/en/

Gina Relva
VP of Public Relations
gina.relva@marcusmillichap.com

Source: Marcus & Millichap, Inc.

Brian Eisendrath, Cameron Chalfant, Anita Paryani-Rice, and Jesse Zarouk of IPA Capital Markets in Los Angeles secured a five-year loan on behalf of a national multifamily owner, operator and investment firm. The loan featured an interest rate of 5.09%, a DSCR of 1.10x, and interest-only payments for the term. The financing structure also included $26 million in preferred equity from Tokyu Land US Corporation.

“Our IPA Capital Markets team was pleased to provide a cash-neutral refinance that met the refinancing goals of a long-term client," said Paryani-Rice. “We evaluated options across debt funds, banks, and a range of other balance sheet lenders. Ultimately, the most cost-effective structure paired a life company execution with an attractively priced preferred equity piece carrying a low current pay.”

Located less than four miles from San Francisco International Airport, the property features a mix of one- to three-bedroom apartment homes with in-unit laundry, stainless steel appliances, and private patios or balconies. Community amenities include two courtyards with barbecue grills and hammocks, a fitness center, clubhouse, resort-style swimming pool, pet spa, and a coworking lounge.

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets

About Marcus & Millichap

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices at year end.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260605140526/en/

Media Contact:
Gina Relva, VP of Public Relations
gina.relva@marcusmillichap.com

Source: Marcus & Millichap, Inc.