12A — November 18 - December 22, 2022 — Thriving Over 50 Spotlight — M id A tlantic Real Estate Journal
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T hriving O ver 50
Spotlight on Howard M. Levy, Jim Davis, Robert Filley and Stacey Milam Marcus & Millichap honors leading executives in Commercial Real Estate
Howard M. Levy Senior Associate Marcus & Millichap Years with company/firm: 3 Years in field: 39 Years in real estate industry: 39 Real estate organizations / affiliations: ICSC
Jim Davis First VP Investments Marcus & Millichap Years with company/firm: 7 Years in field: 10 Years in real estate industry: 25 Real estate organizations / affiliations: CCIM
What is your greatest professional accomplishment? My greatest professional accomplishment was to have started working in 1983 and still be employed at the same company for 36 years. From 1994-2019, I was vice president and chief operating officer where I was able to successfully navigate the company within excess of 100 retail properties through several real estate cycles and developed significant strategic ability based on experi - ence with several types of commercial real estate projects. I was able to attract new tenants to revitalize older properties and my success with big box retailers created substantial value for ownership. How do you contribute to your company and / or the industry? In a time where there is substantial dislocation between prices, what sellers expect for their assets, and what buyers are willing to pay or can finance, I have successfully closed 15 transactions in 2022 with a cumulative purchase price exceeding $100,000,000. Given that I have seen a sizable number of issues and situations over my years, I teach and mentor the younger agents on my team as well as other agents within Marcus & Millichap. What inspiring word of advice would you give to a young executive graduating from college today? You must be focused to work diligently at your craft, yet at the same time, support a balanced life outside of the workplace.
What is your greatest professional accomplishment? Selling a 430-unit, three-property multifamily portfolio. We achieved record pricing while managing a complex deal that incorporated a short-term lease of the property, multiple bridge lenders, and staggered closing dates. Based on our performance, the buyer of the portfolio engaged us to represent them in the marketing and sale of two of their assets, with future opportunities forthcoming. How do you contribute to your company and / or the industry? I have worked in a variety of roles within the industry including finance, de - velopment, general brokerage, and principal. Given my background, I use my experience to mentor newer agents on our team so they can progress at a rapid rate and perform in line with the elevated expectations of our team. What inspiring word of advice would you give to a young executive graduating from college today? Investment real estate is a phenomenal business that changes at a very rapid pace. Immerse yourself in the business, find a mentor, network, and commit to continuous learning to hone your ability.
Robert Filley Senior VP Investments Marcus & Millichap Years with company/firm: 10 years Years in field: 20 years Years in real estate industry: 25 years
Stacey Milam Senior Managing Director Investments / Director National Multi Housing Group Marcus & Millichap Years with company/firm: 23 Years in field: 23 Years in real estate industry: 23
What is your greatest professional accomplishment? Building a team of highly professional colleagues that enjoy working together. Collaboration and teamwork are especially important to me as a leader and for the agents on my team. How do you contribute to your company and / or the industry? Marcus & Millichap is one of the best places for young people to start in the industry, we are constantly recruiting and building, and as a result, the programs to learn the business are well-defined and proven. To that, we add professional specialization, and our experience from hundreds of deals in mul - tiple cycles, to create an extraordinarily strong introduction into the business. At this point, we have helped launch over 20 careers in the industry, some have moved into acquisitions, others transitioned into fields they have been exposed to from working in the industry. We take immense pride in seeing the growth in professionals who start with us and remain with us. Real estate organizations / affiliations: Institutional Property Advisors (IPA) National Advisory Council - 15 Marcus agents and 15 investors who meet quarterly to supply feedback on market movements to inform our company and research division on the market.
What is your greatest professional accomplishment? My greatest professional accomplishment would be all the young profession - als I not only introduced to commercial real estate but was blessed to be able to nurture and train. Helping others create and generate wealth has been my primary focus. How do you contribute to your company and / or the industry? Over the last several months, I’ve been appointed the Northeast Director of DEI for the east coast, but I have always been committed to diversity and inclusion in an industry still lagging in representation of its communities. What inspiring word of advice would you give to a young executive graduating from college today? I recommend to everyone when creating a career, follow your passion by find - ing something you would do for free, this will make your heart sing and your pockets overflow.
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