IPA Capital Markets Expands with Seattle-Based Multifamily Team

SEATTLE (April 16, 2019) – IPA Capital Markets, a division of Marcus & Millichap Capital Corp. (MMCC), announced today that Ray Allen and Seth Heikkila, an industry-leading team of Pacific Northwest capital markets advisors, have joined IPA Capital Markets in Seattle. Formerly with JLL, Heikkila and Allen will extend IPA Capital Markets’ commercial real estate financing services to clients in Seattle and throughout the Pacific Northwest.

“We are thrilled to announce the addition of Ray and Seth to our IPA Capital Markets team in Seattle,” said David Shillington, president of MMCC and IPA Capital Markets. “They are well known in the local market and bring years of experience and expertise to our growing team in the Pacific Northwest. Their commitment to providing an exceptional client experience is well aligned with our future vision of MMCC.”

Prior to joining JLL, Allen was a vice president with MMCC in Seattle. He joins IPA Capital Markets as a first vice president, capital markets advisor. Allen is a Pacific Northwest native who moved back to the area in 2010 after working for nearly a decade in San Diego where he began his career in commercial real estate financing with a boutique firm in La Jolla.

Heikkila joins IPA Capital Markets as a vice president, capital markets advisor and brings more than 13 years of commercial real estate experience to the team. Prior to JLL, he was a founding member of a boutique commercial real estate brokerage in Seattle. In the past few years together, Allen and Heikkila have funded more than $2 billion in commercial real estate financing.

With a network of senior-level investment advisors located throughout the United States and Canada, Institutional Property Advisors (IPA) is qualified to meet the needs of institutional and major private investors. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, superior support services and acclaimed research offer customized solutions for the acquisition and disposition of institutional properties and portfolios. www.institutionalpropertyadvisors.com. 

Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. Through its network of national, regional and local lenders, MMCC provides capital markets products for a wide variety of investment properties, including apartments, shopping centers, office buildings, industrial facilities, single-tenant net-lease properties, seniors housing, hotels/motels, manufactured home communities and self-storage facilities. In 2018, MMCC closed over 1,600 commercial real estate financing transactions totaling $6.2 billion. To learn more, please visit: www.mmCapCorp.com.