02 Apr Dallas finance adviser purchased by California-based firm
A Dallas-based real estate finance adviser has been bought by a national commercial property firm.
Metropolitan Capital Advisors has been in business since 1992. The company was just acquired by a division of California-based Marcus & Millichap.
Metropolitan Capital specializes in arranging debt and equity capital for commercial real estate on behalf of developers, investors and owners.
The company has handled more than $650 million of transactions including multifamily, retail, industrial and office.
Metropolitan Capital recently arranged funding a $27.4 million acquisition of a Dallas apartment community.
“Metropolitan Capital makes an excellent addition to Marcus & Millichap Capital Corp. from a service and coverage standpoint and in the execution of our financing strategic growth plan,” Hessam Nadji, president and CEO of Marcus & Millichap, said in a statement. “MCA’s nearly 30-year track record of providing financing solutions to a broad spectrum of real estate investors, as well as excellent client and lender relationships, will add significant value.”
Terms of the purchase were not disclosed.
Metropolitan Capital principals Sunny Sajnani and Todd McNeill will be joining Marcus & Millichap.
“We are excited to join the MMCC platform and contribute to the firm’s growth by integrating Metropolitan’s extensive lender relationships, wide product offering and broad client base, which includes REITs, equity funds, family offices, private owners and developers,” Sajnani said in a statement.