Commercial real estate brokerage Marcus & Millichap expanded its footprint into the CRE financing space with the purchase of Dallas-based Metropolitan Capital Advisors.
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Through its purchase, Marcus & Millichap gains immediate access to MCA's talent pool and its long-term relationships with lenders, REITs and equity funds.
MCA is known for locating debt, equity and financing options for CRE developers, investors and owners. The acquired firm has roughly 15 employees and two U.S. locations, in Denver and Dallas.
The merger will grow Marcus & Millichap's bench of capital markets talent, with the firm absorbing MCA principals Sunny Sajnani and Todd McNeill.
"Sunny and Todd have built a high-quality brand focused on personal relationships and the delivery of custom capital markets solutions," Marcus & Millichap President and CEO Hessam Nadji said in a statement.
"This commitment to customer service dovetails with our high standards and core values and will be highly synergistic with our excellent MMCC and investment sales teams in Dallas."
In the past 28 years, MCA has finalized more than $15B in transactions, according to the company's website.
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