Private Buyers Gain Access to High-Quality NNN Properties Nationwide
SAN DIEGO, Calif., Aug. 15, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, finds exchange transactions from multifamily assets into triple-net-lease (NNN) assets are part of a trend of West Coast capital migration into NNN assets across the country in search of greater yield. Brokers leveraging Marcus & Millichap’s collaborative resources of its information platform are able to tap into the largest, most qualified buyer pool and provide value to NNN sellers by creating a competitive bidding environment, as a result.
The Mansour Group (TMG), a team of retail specialists with Marcus & Millichap, works closely with multifamily agents in other offices to provide exposure to a vast pool of private high-net-worth buyers.
An example of the firm’s ability to provide value through collaboration and information sharing is evident in a recent transaction that brought together a Newport Beach, California apartment property seller in an exchange with two NNN retail properties in Washington and Texas. Exchange transactions like these are part of a bigger trend of West Coast capital migration across the country into NNN assets with the potential for higher returns.
“Marcus & Millichap’s quality inventory and collaborative culture throughout the firm’s brokerage offices, along with TMG’s expert broker guidance at all stages of a transaction, results in our clients being confident that our group and company will produce the best buyers, one who will pay top dollar and ultimately create the most value for our clients,” says Alvin Mansour of The Mansour Group.
“The Mansour Group’s recent transaction activity demonstrates how experienced brokers harness the strength of Marcus & Millichap’s collaborative marketing platform and extensive database to access a nationwide audience and bring deals to a close,” adds Bill Rose, national director of Marcus & Millichap’s National Retail Group.
About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit:www.MarcusMillichap.com