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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Marcus & Millichap, Inc.
Type
Public (NYSE: MMI)
Industry Commercial Real Estate Brokerage
Founded 1971
Founder George M. Marcus
Headquarters Calabasas, California, U.S.
Area served
North America
Key people
Hessam Nadji, President & CEO
Services Investment sales, financing, research, advisory services
Website www.marcusmillichap.com

Marcus & Millichap (NYSE: MMI) is a company founded in Palo Alto in 1971 by George M. Marcus that works in the field of commercial real estate, providing real estate brokerage, investment brokerage, research, and advisory services in the U.S. and Canada. It is famous in its industry for popularizing the practice of exclusively listing properties with one broker, which by 2015 had become standard practice in the industry.

William Millichap was one of the first salespeople Marcus hired, and was made a partner in 1976.

In the early 1990s it participated in the wave of Real Estate Investment Trust (REIT) vehicles that became publicly traded; it put together Essex Property Trust Inc which went public in 1993 and which by 2015 was the biggest apartment landlord on the West Coast.

In 2009, New York State investigators investigated the company following charges that Glen Kunofsky, senior vice president of investments, and nine other Marcus & Millichap brokers were accused of acting fraudulently and violations of the Racketeer Influenced and Corrupt Organizations Act (RICO). The federal charges were dismissed in 2014 following a 3-year investigation.

In July 2012, a lawsuit filed by Marcus & Millichap in Washington, D.C. against Greysteel Co. LLC, a firm started by a former broker, Ari Firoozabadi, was thrown out, with the judge noting that the firm sought to cause economic harm and ruin their opponents. Marcus & Millichap settled the lawsuit and said they “regret” the lawsuit.

It went public in 2013.

In 2014 the company closed around 7,700 real estate transactions worth around $33 billion, with more closings and more listings than its competitors that year.

In 2015 the company closed 8,715 transactions with a value of approximately $37.8 billion.

In 2016 the company closed 8,995 transactions with a sales volume of approximately $42.3 billion.

Investment goal date:
Dividends reinvested
Marcus & Millichap, Inc. MMI report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-07
--
--
Q4 2017
2018-03-08
--
--
Q4 2017
2018-03-07
--
--
Q3 2017
2017-11-07
--
--
Q3 2017
2017-11-07
0.3900
0.3900
Q2 2017
2017-08-08
0.4000
0.4000
Q1 2017
2017-05-09
0.3100
0.3100
Q4 2016
2017-03-09
0.4400
0.4400
Q3 2016
2016-11-03
0.3900
0.3900
Q2 2016
2016-08-04
0.4500
0.4500
Q1 2016
2016-05-05
0.3800
0.3800
Q4 2015
2016-03-10
0.5100
0.5100
Q3 2015
2015-11-05
0.3900
0.3900
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BLACKROCK ADVISORS LLC
783221
BlackRock Fund Advisors
444378
BlackRock Inc.
1956908
BlackRock Institutional Trust Company, N.A.
681354
DIMENSIONAL FUND ADVISORS LP
656539
JENNISON ASSOCIATES LLC
291477
KENNEDY CAPITAL MANAGEMENT, INC.
226709
LMCG INVESTMENTS, LLC
319008
LORD, ABBETT & CO. LLC
334508
NORTHERN TRUST CORP
184815
River Road Asset Management, LLC
357830
Route One Investment Company, L.P.
1508551
ROYCE & ASSOCIATES LLC
3483324
STATE STREET CORP
253271
Vanguard Group, Inc
1199574
Major Shareholders
Name Relationship
Total Shares
Holding stocks
MARCUS GEORGE M
0.0400% (15879)
ESS / MMI /
MARCUS GEORGE M
53.5300% (19606400)
ESS / MMI /
MILLICHAP WILLIAM A
0.1800% (65880)
MMI /
MILLICHAP WILLIAM A
0.2300% (82547)
MMI /
SHAHEEN GEORGE T
0.0400% (13548)
GDOT / KFY / MMI / NTAP /
Kerin John J.
0.1200% (44046)
MMI /
Louie Martin E.
0.1300% (47350)
MMI /
Louie Martin E.
0.2100% (75518)
MMI /
Nadji Hessam
0.8300% (303923)
MMI /
Nadji Hessam
0.8300% (305161)
MMI /
Berman Gene A.
1.3300% (486713)
MMI /
McClanahan Nicholas F.
0.0100% (2923)
MMI /
Hughes William E.
0.3000% (111417)
MMI /
Hughes William E.
0.3200% (118257)
MMI /
Watters Don C.
0.0400% (15879)
MMI /
Lawrence Norma J.
0.0100% (2923)
MMI /
Phoenix Investments Holdings LLC
53.5300% (19606400)
MMI /
Phoenix Investments Holdings LLC
53.6500% (19649357)
MMI /
% ()