MMG Announces Acquisition of Independence Commercial Advisors
MMG Real Estate Advisors (“MMG”), a multifamily investment sales brokerage firm, announces the acquisition of Independence Commercial Advisors. Based in Texas, the boutique brokerage was founded in 2020 by industry veterans J. Michael Watson and J. Michael Moffitt with a focus on Texas private capital and institutional multifamily and self-storage brokerage.
“When this partnership opportunity presented itself, the alignment of our firms’ core values and objectives was obvious, and it became clear from both a business and cultural standpoint, it would be a natural fit,” MMG Co-Founder and Executive Managing Director Michael Sullivan states. “As we build for the future, for us it’s about being deliberate in our efforts to pursue strategic partnerships that will exponentially benefit the clients we serve.”
With the mission of helping clients create and preserve wealth, Independence Commercial Advisors has garnered a reputation for integrity and client success in the multifamily space.”We’ve always seen ourselves as true advisors to our clients, and that is clearly a shared value with the team at MMG,” Mike Moffitt states.“ We were highly impressed with the resources MMG has assembled and even more impressed with the collaborative team the firm has amassed, with each member bringing their collective knowledge to bear for the greater good.”
As part of the transaction, MMG has added eight investment sales advisors to the firm’s rapidly growing national roster with offices now in San Antonio, Austin, Houston, and Dallas. Mike Watson & Mike Moffitt join the firm as Managing Directors along with Senior Directors Mark Diebold, Nicholas Ling, Josh Murphy and Richard Mireles and Associate AdvisorsTyler Salter and Alex Thompson. In addition, Senior Project Manager Evelyn Pinner has joined MMG’s growing operations team from Independence.
“We’re proud to offer our advisors the opportunity to leverage such a unique and truly collaborative national platform and we are eager to introduce our clients to the firm’s many resources, allowing us to elevate their ability to make better investment choices and maximize their investment returns,” Mike Watson states. “Another important aspect for us was the ability to leverage the resources and relationships of MMG to accelerate the movement of real estate capital into and out of the state of Texas at a highly effective rate.”
Mike Watson has been a market leader in the central and south Texas commercial real estate markets for over 20years. He started his career in commercial real estate in the Austin office of Marcus & Millichap specializing in multifamily investment sales and later in executive management of many of the firms’ regions.He was the #1 producing agent for the Austin and San Antonio regions, routinely recognized as one of the state’s “Top 10 Producers,” and received numerous national sales awards.Over the course of his career, Mike has led the sales and marketing efforts for more than $3 billion in investment sales and financing transactions.
With over 30 years of experience, Mike Moffitt has personally represented buyers and sellers in the sale of multifamily, retail, office, industrial, hospitality and self-storage assets throughout Texas.In 2010, he joined Marcus & Millichap where he climbed the ranks before being named First Vice President of Investments in 2017. During his tenure, Mike was aNational Achievement, Sales Recognition, and Platinum Award winner. Over the years, Mike has been instrumental in helping family-owned private offices, regional syndicators, and individual private clients to form acquisition and disposition strategies.
“Independence Commercial Advisors brings with it a wealth of talent and deep-rooted client relationships across the state,” MMG Co-Founder and Executive Managing Director Alex Blagojevich shares. “We’re excited to join forces with such a highly regarded firm and to continue to expand our national footprint, especially in the critical Texas markets.”
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