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Marcus & Millichap Acquires Houston Finance Company

By Hannah Madans Welk

December 28, 2020

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Marcus & Millichap Inc. has acquired Houston-based LMI Capital.Financial terms of the acquisition by the Calabasas-based real estate brokers 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.Marcus & Millichap (MMI) announced the acquisition last week. Shares of Marcus & Millichap closed Monday down 8 cents, or a fraction of a percent, to $37.58 on the New York Stock Exchange.

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Hannah Madans Welk

Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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