SEATTLE, April 7, 2016– Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the expansion of its national team of senior advisors with the addition of IPA Seattle, according to Brian Murdy, national director of IPA Multifamily. Peter Shelton will lead the Seattle team as executive director. Kim Grant joins as senior director.
“Expanding IPA into Seattle deepens the division’s Pacific Northwest footprint and gives the region’s multifamily investors greater access to the full range of the firm’s advisory, brokerage and capital markets services,” said Murdy. “Pete and Kim’s track records of exemplary commitment to client service and in-depth Seattle-area market knowledge will be of considerable benefit to our clients in the region and across the country.”
Prior to joining IPA, Shelton was a multifamily property investment specialist in the Bellevue, Washington office of Cushman & Wakefield where he worked with institutions, high-net-worth individuals and private capital groups. He specializes in the acquisition and disposition of multifamily investment properties and urban development sites in Seattle and throughout the Pacific Northwest. Before that, Shelton was the top-producing broker at Kidder Mathews. He also worked as the operations manager of investment holdings for a high-net-worth individual in the Seattle area and spent seven years in sales with the Atlantic Richfield Corp. Shelton graduated from Washington State University with a Bachelor of Science degree in chemical engineering.
“Joining IPA is an excellent opportunity and I am excited to be able to provide my clients access to the firm’s effective property marketing platform and industry-leading pool of large private investors and institutional buyers,” adds Shelton.
Grant also comes to IPA from Cushman & Wakefield and has worked with Kidder Mathews. Prior to Kidder Mathews, she was with Pinnacle Realty Management where she assisted with the management of a 2,400-unit multifamily portfolio in the greater Seattle marketplace worth more than $200 million. BRE Properties, a West Coast-based real estate investment trust in Bellevue, Wash. recruited Grant during the initial lease-up of a downtown Bellevue property that at the time was the firm’s largest. She also worked with the Allied Group where she specialized in improving operations on troubled properties and with AvalonBay Communities where she renovated a Redmond, Wash. multifamily asset, and stabilized a sister property.
“Kim’s property management background positions clients with an opportunity to capitalize on her relationships with owners and developers,” said Murdy.
“I am looking forward to bolstering IPA’s presence in Seattle’s dynamic multifamily marketplace,” Grant commented. “The IPA platform will be extremely beneficial to my clients and I’m happy to bring my skills and experience to the firm’s network of senior-level investment professionals.”
IPA’s expansion into Seattle is a vital element of Marcus & Millichap’s growth strategy on the West Coast.
“With the presence of Pete and Kim in Seattle, IPA provides institutional and large private investors with value-added brokerage services up and down the coast,” says Joel Deis, regional manager of Marcus & Millichap’s Seattle office. “We are pleased to have them here as we anticipate that the metro’s thriving economy, buoyed by a flourishing tech sector, will continue to attract a wide range of investment capital.”
With a network of senior-level investment advisors located throughout the United States, 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.