Mid-Markets Group Real Estate Advisors has opened its doors in Kansas City, Missouri. The real estate advisory firm brings more than 50 years of collective brokering experience.
MMG assists the owners of multifamily properties in determining the best strategy for their holdings. A growing number of investors are turning to the multifamily sector for more consistent, predictable yields. In turn, fund advisors are forced to expand their search for properties outside their historical market focus.
MMG is poised to execute on this. Its advisors plan to maximize value for multifamily property owners by providing a fully integrated advisory platform from acquisition to disposition.
Though the team behind MMG rose to prominence selling across the Midwest, South and Southeast, members have continued to expand their market coverage into a national focus. Team members have closed nearly 500 multifamily transactions across 110 markets in 31 states for a total of more than 100,000 units and $6 billion in gross sales.
Alex Blagojevich and Michael Sullivan will lead MMG as founding partners and executive managing directors. Prior to launching MMG, Sullivan and Blagojevich led the Berkadia Mid Markets brokerage team to notable success in 2020, despite overall activity in the multifamily investment sales space being down more than 50 percent year-over-year. By leveraging an aggressive approach despite difficult market conditions, they closed more than $935 million in gross sales.