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Self-Storage Real Estate Firm Marcus & Millichap Acquires LMI Capital
M&M operates more than 80 offices in North America

January 7, 2021: Marcus & Millichap (M&M) has acquired LMI Capital, a Houston-based firm that arranges debt and equity capital for hospitality, industrial, mixed-use, multi-family, office, retail and self-storage properties. M&M is a commercial real estate investment services firm with offices in Canada and the United States. A 10-person team including LMI Capital Principals Brandon Brown and Jamie Mullin will join the Marcus & Millichap Capital Corp. division, according to the source.

“The addition of LMI Capital to the Marcus & Millichap team further expands our capital-markets presence in Houston and throughout the Southwest, and strengthens our ability to provide clients with custom-tailored capital-markets strategies and solutions,” Said by Ford Noe, regional manager of the M&M Houston office.

"Finding a like-minded platform with the financial power to help LMI grow was extremely important to us, and we believe we have found a perfectly aligned partner in [Marcus & Millichap]. We look forward to contributing to [the company’s] continued growth and success.” Mullin said.

LMI founded in 1999, has completed more than $1.2 billion in transactions over the last three years. The company serves commercial real estate owners, developers and investors across the Southwest.

M&M founded in 1971, provides investment sales, financing, research and advisory services. It operates more than 80 offices in North America.

Source: https://www.insideselfstorage.com/suppliersvendors/self-storage-real-estate-firm-marcus-millichap-acquires-lmi-capital