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| Steve Gebbing |
PHOENIX, AZ—Institutional
Property Advisors (IPA), a division of Marcus & Millichap Real Estate
Investment Services, is pleased to announce the expansion of its national team
of senior advisors with the addition of Steve Gebing, according to Brian
Murdy, national director of IPA.
Gebing
has been a leading broker of major multifamily properties with Marcus & Millichap
for more than seven years, completing over $532 million in transactions in the
last two years.
Gebing’s clients include some of the nation’s largest
institutional and major private multifamily investors. As a senior director, he
will be responsible for IPA’s Arizona office.
“We are excited to have Steve join IPA,” says Murdy. “He
will continue building our presence in serving the robust Arizona markets and
Nevada as well.”
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| Brian Murdy |
Gebing and his business partner, Cliff David, a
Marcus & Millichap vice president investments, are one of the strongest
investment sales teams in Arizona.
David will remain focused on the private client segment of
the market while Gebing will focus on serving the needs of institutional
clients through the IPA division.
Gebing and David will be located in IPA’s Phoenix office along with
Peter Katz, whose primary responsibility is overseeing student housing for IPA
nationally.
“The addition of Steve to our team is an important part of
our strategic plan to provide comprehensive and integrated investment advisory
services to major apartment investors through an expanding national
collaborative platform,” says Hessam Nadji, Marcus & Millichap’s
chief strategy officer.
Gebing joined Marcus & Millichap in 2006 as an associate
in the firm’s Phoenix office, rising to vice president investments in July
2012. Gebing has earned three national achievement awards and three sales
recognition awards.
Prior to joining Marcus & Millichap, Gebing spent nearly
seven years working for IBM, where he served as the worldwide sales and
marketing manager for IBM’s emerging storage virtualization software.
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| Cliff David |
In this role, Gebing had responsibility for identifying new
market opportunities, coordinating go-to-market activities, as well as
developing, communicating and strengthening the portfolio's value
proposition.
Since its introduction, IPA’s sales volume of major
apartments has nearly doubled, positioning IPA/Marcus & Millichap among
Real Estate Alert’s top five institutional apartment brokers nationally.
In
October 2013, the firm expanded its services by introducing IPA Capital
Markets, which works in an integrated fashion with the firm’s investment sales
advisors to provide institutions and major private investors with a full range
of financing services from a global suite of capital providers.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
