Marcus & Millichap boosts partnership with entrepreneurship, financial literacy program

Marcus & Millichap has expanded its relationship with Project Destined, a social impact platform that provides training in financial literacy, entrepreneurship and real estate.

“It is a privilege to partner with Project Destined to further support individuals from all backgrounds who are passionate about exploring careers in commercial real estate,” said Richard Matricaria, executive vice president and chief operating officer, Western division, Marcus & Millichap, in a statement. “The participants are impressive, and the program is exceptionally well run. The mission of Project Destined aligns with Marcus & Millichap’s commitment to cultivating a strong educational foundation and providing a clear pathway to successful careers in commercial real estate.”

Project Destined was founded by former Carlyle Group executive Cedric Bobo and has partnered with real estate firms and universities around the country to provide students from all backgrounds with paid, virtual internship opportunities where they can explore the real estate industry and ownership through live real estate deals in various cities across the United States.

Beginning in spring 2021, Marcus & Millichap partnered with Project Destined in the San Francisco Bay Area, Chicago, Los Angeles and Dallas, to provide participants with mentors of various levels including, executives, regional managers and investment sales professionals who taught intern scholars the nuances of commercial real estate.

Interns benefited from an eight-week Investment Sales Bootcamp featuring an executive speaker series, specialized workshops, and scholarship opportunities. The partnership expands with the launch of Project Destined in Vancouver, Washington, in fall of 2022, opening opportunity to more participants.