Market Overview

Marcus & Millichap Hires President of Financing Subsidiary, MMCC


- David Shillington to Lead Organization -

Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", "MMI")
(NYSE:MMI), a leading national brokerage firm specializing in
commercial real estate investment sales, financing, research and
advisory services, today announced it has hired David (Dave) Shillington
as the new President of its financing subsidiary, Marcus & Millichap
Capital Corporation (MMCC).

Mr. Shillington brings more than three decades of real estate lending
and executive leadership to the Company. He is an industry veteran with
strong leadership, organizational and direct client management skills.
Prior to joining Marcus & Millichap, Mr. Shillington served as an
Executive Vice President with KeyBank Real Estate Capital, where he held
multiple positions. His roles included Regional Manager for the
Southeast and Mid-Atlantic, Managing Director of the Agency Lending
Division and the Fannie Mae DUS CEO. Under his leadership, KeyBank's
Multifamily Capital Markets team grew into a nationally recognized,
industry leader and one of the largest Agency lenders in the United
States. Mr. Shillington's career also spanned the positions of managing
director at Bank of America Securities and First Union National Bank
where he was instrumental in building lending platforms covering all
property types.

"I am pleased to welcome Dave as the President of MMCC," shared MMI's
President and CEO, Hessam Nadji. "Dave's 30 plus years of experience and
diverse background in commercial real estate finance are well-aligned
with our vision for MMCC and its growth plan. Based on Dave's history,
we have great confidence in his abilities to take MMCC to the next

Shillington stated, "I am thrilled to be joining one of the most
respected brands in the industry and look forward to pursuing growth
strategies that not only expand the firm's financing capabilities and
earnings, but also add value to our investment brokerage business. MMCC
has growth opportunities in virtually every market segment and property
type, and I look forward to working with our team to realize this great

William (Bill) Hughes, the former head of MMCC, earlier this year
announced his plan to retire. "We are grateful to Bill for his 22 years
of service in establishing and leading MMCC," said Nadji. "Bill, with
his wealth of knowledge and deep relationships, will continue to serve
as a key advisor for several months to ensure a smooth transition."

MMCC is a leading source of real estate capital as an intermediary
nationally and provides financing for a full range of property types and
loan amounts. In 2017, the firm served as an intermediary for $5.5
billion in financing volume and brokered the financing of 1,707
transactions with over 100 financing professionals across the U.S.

About Marcus & Millichap, Inc.

With over 1,800 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 nearly
9,000 transactions in 2017 with a value of approximately $42.2 billion.
Marcus & Millichap 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:

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