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.

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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.

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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.

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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.

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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.

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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.

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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.

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

Source: Marcus & Millichap, Inc.

“This diverse portfolio of student housing assets is positioned to provide an attractive return profile for the buyers, Scion and Ares,” said Katz. “We value our longstanding relationships and greatly appreciate the opportunity to have advised our client, Harrison Street, on this sale.”

Five HSAM investment vehicles assembled the 12-property portfolio over the last 10 years. The properties were constructed between 2008 and 2024 in 10 states close to 12 universities. The Ohio State University, Auburn University, the University of Notre Dame, James Madison University, and the University of Florida are among the universities served.

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 Harrison Street Asset Management (HSAM)

Harrison Street Asset Management is a leading global alternative investment management firm with $109 billion in assets under management across real estate, infrastructure, and credit strategies. Headquartered in Chicago, Toronto, and London with over 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of over 1,200 institutional investors and over 300 Registered Investment Advisors.

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.

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

Source: Marcus & Millichap, Inc.

Located within Northern Virginia’s data center corridor, the properties comprise approximately 14 acres of industrial-zoned land with long-term data center redevelopment potential. The transaction included the sale of Goode Business Center, a two-building, roughly 135,000-square-foot industrial storage and manufacturing complex located on 10 acres at 12269 Livingston Road, and Atlantic Building Supply, an approximately 18,000-square-foot industrial warehouse facility located on nearly four acres at 12249 Livingston Road.

“Northern Virginia remains the largest and most active data center market in the world, and infrastructure-sensitive industrial land in this corridor continues to attract significant interest,” said Robert Filley, senior managing director investments with Marcus & Millichap. “This transaction reflects the continued convergence of industrial real estate, power availability, land scarcity, and long-term data center demand.” Robert Filley, Haris Hanifi, and Adrian Mendoza of Marcus & Millichap, in association with Brian Hosey, the firm’s broker of record in Virginia, represented the seller and procured the buyer.

“What made this transaction unique was the strategic assemblage of the two adjacent parcels,” said Hanifi, associate director investments with Marcus & Millichap. “The original 10-acre site alone had limitations, but by incorporating the neighboring four-acre parcel, the combined 14-acre site created a stronger long-term redevelopment opportunity in one of the country’s most competitive data center markets.”

The properties are located near the Route 29/Interstate 66 corridor, Interstate 81, and State Route 294/Prince William Parkway, providing access to major regional transportation routes within Northern Virginia’s industrial and data center ecosystem.

“Manassas has an inventory of approximately 10 million square feet of industrial properties and a current vacancy of approximately 2%,” added Filley. “Rents have been rising, and with data center competition, industrial-zoned land is increasingly scarce.”

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.

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

Source: Marcus & Millichap, Inc.

The reports, Single-Tenant Net Lease Retail 1H/26 National Report and the May 2026 U.S. Single-Tenant Net-Lease Retail Investment Report, found that STNL retail transaction activity rose sharply in 2025, with transaction count up 23% year over year and dollar volume increasing 20%. The reports also note that vacancies remain below long-term averages while construction activity is near historic lows.

“Despite ongoing economic uncertainty, investor demand for high-quality net-lease retail assets remains exceptionally strong,” said Gregory A. LaBerge, chief client officer, Marcus & Millichap. “Retailers focused on necessity, convenience and value continue to expand, supporting long-term fundamentals across the sector.”

According to the reports, private investors accounted for approximately 75% of buyer dollar volume in STNL retail transactions, while investors continue to favor assets with strong tenant credit and long-term lease structures.

“The reset and recovery in the single-tenant market continues despite macroeconomic headwinds and higher-than-expected interest rates,” said Hessam Nadji, president and chief executive officer, Marcus & Millichap. “Prices have recalibrated while financing conditions have improved, fueling more activity. More buyers see a compelling acquisition window, driven by a meaningful gap to replacement cost and limited new development. As a result, realistically priced assets attract multiple offers.”

Marcus & Millichap professionals are attending ICSC Las Vegas and are available at Booth #4307Q, Las Vegas Convention Center, to discuss current retail investment trends and opportunities. The full STNL research reports are available here: Single-Tenant Net Lease Retail 1H/26 National Report and May 2026 U.S. Single-Tenant Net-Lease Retail Investment Report.

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/20260519272629/en/

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

Source: Marcus & Millichap, Inc.