LAS VEGAS—Institutional Property Advisors (IPA), a division of Marcus & Millichap is expanding its national team of senior advisors with the addition of David Baird, according to Brian Murdy, national director of IPA.
During his extensive career in commercial real estate investment sales, Baird has completed more than $2 billion in transactions, including the sale of a 1,452-unit multifamily asset portfolio in Las Vegas that traded for more than $100 million. He is an experienced developer, owner and manager of apartment, retail and industrial properties. Baird will be responsible for IPA’s Las Vegas office.
“IPA’s national collaborative platform will be further enhanced by David’s extensive investor relationships and market knowledge,” says Murdy. “His knowledge and experience will be of great value to our clients in Las Vegas, throughout Nevada and the entire western region.”
“The IPA platform is the best fit for my product specialty and will be extremely beneficial to my clients,” adds Baird. “IPA’s ability to provide high-quality service to institutional and private capital investors from throughout the commercial real estate investment spectrum is unmatched in the industry.”
“The firm is committed to providing institutional and major apartment investors with a nationwide network of comprehensive and integrated investment advisory services,” says Hessam Nadji, Marcus & Millichap’s chief strategy officer. “The addition of David to our team and our recent expansion in Arizona, the Pacific Northwest and Boston are integral parts of this effort.”
“IPA Las Vegas will increase our clients’ access to opportunities in one of the western region’s most active markets,” says Justin White, a vice president responsible for the firm’s offices in Arizona and Utah. “David is the most distinguished apartment broker in the marketplace, and adding him to our team reflects the firm’s growth strategy in the region.”
IPA is one of the country’s leading providers of institutional-quality commercial real estate investment services, including portfolio and property-level analyses, capital market solutions, research, acquisition sourcing and property sales. In 2013, the company closed over $3.3 billion in multifamily sales.