Elizabeth Davis, a veteran broker with a strong track record working
with institutional investors, is director of IPA Portland.
PORTLAND, Ore.--(BUSINESS WIRE)--
Institutional Property Advisors (IPA), a division of Marcus & Millichap,
Inc. specializing in serving institutional and major private investors,
is pleased to announce the addition of IPA Portland to its national
platform, according to Brian T. Murdy, IPA's national director. Oregon
native Elizabeth Davis, an industry veteran with more than 20 years of
experience working with local and national institutional clients, will
lead IPA Portland as director.
"Elizabeth's brokerage experience with some of the industry's most
prominent institutional investors and her goals for expanding her
practice make her a strong fit to lead IPA's expansion in the Pacific
Northwest," says Murdy. "Portland has emerged as a favorable market and
many of our national clients either have a presence in the market or are
interested in expanding there. Elizabeth's market knowledge and
experience will be of great value in servicing IPA clients."
"Joining IPA gives me the opportunity to provide my major private and
institutional clients with IPA's industry-leading market research,
national property marketing platform and access to both institutional
and private capital buyers, a segment that Marcus & Millichap
dominates," says Davis. "The strength of working with the IPA
market-dominant teams across the country, and particularly on the West
Coast, will bring an unparalleled brokerage platform to the region,"
Davis continues. "I'm thrilled to bring IPA's value-added platform to my
clients in the Pacific Northwest."
"Our recent expansions into the Pacific Northwest and Boston markets
provide institutional clients with an even greater depth of resources to
execute their investment strategies, and we are proud to have Elizabeth
as part of our organization," says Hessam Nadji, Marcus & Millichap's
chief strategy officer who oversees the firm's national specialty
groups, including IPA. "The IPA platform offers an incredible
opportunity for experienced professionals who share our commitment to
client service, collaboration and value-added brokerage."
"Adding IPA Portland gives investors direct access to vital markets in
the Pacific Northwest, which includes some of the most active investment
markets in the country," says Justin White, a vice president responsible
for the firm's Pacific Northwest region. "Elizabeth's addition is also a
reflection of our growth strategy in the region," he added.
IPA is one of the country's leading providers of institutional-quality
commercial real estate investment services, including portfolio and
property-level analyses, capital market solutions, research, acquisition
sourcing and property sales. In 2013, the company closed over $3.3
billion in multifamily sales valued at $25 million and above.
With a network of senior-level investment advisors located throughout
the United States, Institutional Property Advisors (IPA) is qualified to
meet the needs of institutional and major private investors. IPA's
combination of real estate investment and capital markets expertise,
industry-leading technology, superior support services and acclaimed
research offer customized solutions for the acquisition and disposition
of institutional properties and portfolios.
Source: Institutional Property Advisors