Marcus & Millichap Avoids Cost Cuts that Would Impact Agent, Client Services; Hires Jamie May in Multi-Housing Group
- Jan 21, 2009
By Anuradha Kher, Online News EditorTampa, Fla.–While several real estate companies have downsized in recent months, even eliminating executive positions, Marcus & Millichap Real Estate Investment Services continues to hire when the need arises. Recently, the company hired Jamie B. May as a senior director of the National Multi Housing Group (NMHG). He will be based in Tampa, Fla.“The company has not undertaken any cost-cutting measures that would impact our agent and/or client services,” Linwood Thompson, senior vice president and managing director of the NMHG, tells MHN. “We are focused on the long-term needs of our agents and clients and growing through the market downturn as we have done in past cycles. We continue to invest in new tools and expansion, including hiring experienced agents such as such as May.”In his new post, May will provide advisory and brokerage services to owners and investors of major apartment properties throughout Florida and the Southeast. May represents pension funds, pension fund advisors, sovereign wealth funds and high net-worth individuals. He will also assist his clients with assignments nationally. Most recently, May was the president and chief executive officer of JBM Realty Advisors, a multifamily investment firm based in Tampa, which is now closed. May also brings his JBM Realty team members to Marcus and Millichap.“May brings extensive experience in the multifamily sector and a great track record in the Gulf Coast and southeastern markets. He has long-term relationships with numerous institutional investors, which will help the NMHG expand its presence in that arena,” adds Thompson.May will focus on providing real-time market information and advisory services to his clients and executing transactions to help them meet their business objectives. “Marcus & Millichap has always operated with a value-added brokerage model that provides clients far more than just transaction services,” says Thompson. “His approach to be an advisor to his clients, as well as a broker, is well-aligned with the company’s approach to client service. May will work closely with other senior NMHG agents to assist clients in moving capital across the country, which is a bedrock of Marcus & Millichap’s client services,” he adds.