IPA Expands into Pacific Northwest with the Addition of Portland

By Business Wire,  May 05, 2014, 04:30:00 PM EDT

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

This article appears in: News Headlines

Referenced Stocks: MMI

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