BOSTON, MA – 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 Boston
to its national platform, according to Brian T. Murdy, IPA’s national
director.
Industry veteran Richard P. Robinson and his team of
investment professionals, the former New England team of Apartment Realty
Advisors (ARA), will lead IPA Boston as executive director.
“Richard
and his team bring a dynamic combination of brokerage and advisory service
experience and long-standing relationships with many of the industry’s most
prominent institutional investors,” says Murdy. “We’re very excited for this
great addition and expanded ability to service clients in the New England
region.”
 |
| Hessam Nadji |
IPA
Boston features a team of six advisors and support professionals. Joining
Robinson are IPA associate directors Philip Lamere, Jennifer Athas, and
Brendan Reilly, financial analyst James Chang, and marketing
coordinator Kaitlyn Fox.
“The deep
experience level of IPA teams around the country, Marcus & Millichap’s
commitment to the IPA platform, and dominance in the private investor market
will greatly enhance our ability to service clients and grow our team,” says
Robinson. “It’s a very collaborative and supportive culture and we are looking
forward to being a part of it,” he added.
Established in 2003, ARA New England has advised institutional and major
private multifamily investors on the sale of more than 18,600 units valued at
more than $2 billion. Robinson’s prior experience includes 24 years as a broker
serving both institutional and major private investors.
“Our
growth strategy is driven by adding professionals who share our commitment to
client service, collaboration and value-added brokerage,” says Hessam Nadji,
Marcus & Millichap’s chief strategy officer who oversees the firm’s
national specialty groups including IPA. “Richard and his team set a high
standard of professionalism and client results and we are proud to have them as
part of our organization.”
 |
| Gene Berman |
IPA’s expansion into New England is an important part of
Marcus & Millichap’s overall growth strategy throughout the East Coast. “As
a continuation of our East Coast growth plan, we recently opened our Boston
office, which now has 16 investment sales and financing professionals and
counting,” says Gene Berman, executive vice president responsible for
overseeing offices throughout the East Coast and Texas. “Having Richard and his
team on board will further strengthen our local and regional presence.”
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.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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