Marcus & Millichap (M&M), a commercial real estate firm that specializes in self-storage, has acquired Metropolitan Capital Advisors (MCA), a Dallas-based business that focuses on debt and equity financing for real estate developers, investors and owners. Though MCA serves clients nationwide, it has primarily served clients in Texas and the Southwest, according to the source.
MCA has completed more than $16 billion in transactions since it was founded in 1992. It advises on construction loans, mezzanine debt and joint-venture equity investments. The company brokered more than $650 million of debt and equity transactions in 2019 across a variety of property sectors, including industrial, multi-family, office and retail, the source reported. The firm is led by principals Todd McNeill and Sunny Sajnani. It’s entire staff of 18 will integrate with Marcus & Millichap Capital Corp., the finance arm of M&M.
“[McNeill and Sajnani] have built a phenomenal organization and culture, and have a great local reputation as well as a regional reputation that we heard about through some local relationships and overlap with clients,” Hessam Nadji, president and CEO of M&M, told the source. “It became a very natural, organic discussion that took place over the last several months.”
M&M has acquired six groups and companies in the last 18 months. “We are continuing to forge ahead with strategic acquisitions [and] strategic hiring, even despite the market disruption and the economic shock that we’re all absorbing because of the fact that we really believe in the long term,” Nadji said.
Founded in 1971, M&M employs more than 2,000 investment and financing professionals in offices throughout Canada and the United States. It provides real estate, joint-venture and mortgage brokerage as well as research and advisory services to commercial investors and owners.
Commercial Property Executive, Marcus & Millichap Acquires Dallas Finance Firm