Self-Storage Real Estate Firm Marcus & Millichap Acquires LMI Capital

Marcus & Millichap (M&M), a commercial real estate investment services firm with offices in Canada and the United States, has acquired LMI Capital, a Houston-based firm that arranges debt and equity capital for hospitality, industrial, mixed-use, multi-family, office, retail and self-storage properties. A 10-person team including LMI Capital Principals Brandon Brown and Jamie Mullin will join the Marcus & Millichap Capital Corp. division, according to the source.

Founded in 1999, LMI has completed more than $1.2 billion in transactions over the last three years. The company serves commercial real estate owners, developers and investors across the Southwest.

“The addition of LMI Capital to the Marcus & Millichap team further expands our capital-markets presence in Houston and throughout the Southwest, and strengthens our ability to provide clients with custom-tailored capital-markets strategies and solutions,” said Ford Noe, regional manager of the M&M Houston office.

"Finding a like-minded platform with the financial power to help LMI grow was extremely important to us, and we believe we have found a perfectly aligned partner in [Marcus & Millichap]," Mullin said. "We look forward to contributing to [the company’s] continued growth and success.”

Founded in 1971, M&M provides investment sales, financing, research and advisory services. It operates more than 80 offices in North America.

Source:
Houston Chronicle, Marcus & Millichap Acquires LMI Capital