Marcus & Millichap has acquired the assets of Houston-based LMI Capital.
LMI Capital, founded in 1999, arranges debt and equity capital across all property types including multifamily, office, retail, self-storage, hospitality, mixed-use and industrial.
The company serves commercial real estate owners, developers and investors across the Southwest and has a strong background providing capital markets solutions through Fannie Mae and Freddie Mac.
The 10-person LMI team has completed more than $1.2 billion in transactions over the last three years.
Hessam Nadji, president and CEO of Marcus & Millichap stated, “As part of our ongoing focus on expanding Marcus & Millichap Capital Corporation (MMCC) with accomplished professionals, we welcome five originators and an additional five key support team members to our growing financing roster. Principals Jamie Mullin and Brandon Brown built a thriving business focused on securing optimal capital markets solutions with a similar client-driven culture to MMCC. LMI’s track record of repeat business with their clients and compatibility with our existing MMCC and investment sales professionals were particularly attractive to us.”
The acquisition comes on the heels of Marcus & Millichap’s October purchase of Mission Capital, a firm with offices in New York, Florida, texas and California that specializes in the sale of loans and consultative/due diligence services as well as debt and equity placement.