Sunday, September 23, 2012

Institutional Property Advisors Appoints Brian T. Murdy As National Director

CALABASAS, CA – Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has named Brian T. Murdy (top right photo) national director, according to John J. Kerin (lower left photo), president and chief executive officer of the firm.

            Most recently, Murdy served as a portfolio manager of Hartford, Conn.-based Cornerstone Real Estate Advisers’ flagship core open-end fund.

            “Our goal for this position has been to appoint an experienced executive from the institutional investment community in order to bring a client-oriented approach, expertise and leadership to our IPA team,” says Kerin.

 “Brian’s extensive and diverse background in raising and managing institutional funds, forming investment strategy and overseeing large and shifting portfolios stood out as major advantages for our institutional clients and our IPA brokerage team,” he adds.

A 28-year veteran of the institutional multifamily investment industry, Murdy held the positions of portfolio manager for Cornerstone Real Estate Advisers since 1999.

For a complete copy of the company’s news release, please contact:

 Stacey Corso
Public Relations Manager
(925) 953-1716

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