Institutional Property Advisors (IPA), the division of Marcus & Millichap focused on serving the firm's institutional clients, has added retail investment advisor Philip Levy as an executive managing director based in Dallas. In this leadership role, Levy will oversee and execute retail property transactions for major private and institutional investors across multiple Southwestern markets.
According to IPA, Levy's mandate includes working with clients on retail investment activity in Dallas, Fort Worth, Austin, San Antonio, Oklahoma City and Tulsa. His work will center on arranging acquisitions and dispositions of retail properties for investors with significant holdings and ongoing capital allocation needs in these metros.
Greg LaBerge, senior vice president and national division leader for IPA Retail, said the firm views expansion of its advisory platform for large private and institutional investors in the United States and Canada as a central objective. He noted that retail investors nationally are expected to draw on Levy's strategic perspective, developed over more than 20 years of advising clients on the purchase and sale of multi-tenant retail assets across a wide range of submarkets.
Levy brings 22 years of experience guiding clients through acquisitions and dispositions of retail properties. His client roster has included Principal Asset Management, Phillips Edison, Crow Holdings, Rainier Partners, CenterSquare Investment Management, AlbaneseCormier, Victory Group and Levcor. Through these assignments, he has worked across varied market conditions and transaction structures, building a track record with both institutional platforms and private investment firms targeting multi-tenant retail assets.
Tim Speck, executive managing director and chief revenue officer for Marcus & Millichap's Texas, Mountain States and Pacific Northwest divisions, highlighted Levy's understanding of retail market trends in Texas and Oklahoma. Speck said this market knowledge enhances clients' ability to assess opportunities and make informed investment decisions. He also pointed to Levy's experience managing complex transactions and his emphasis on long-term client relationships as attributes that support IPA's broader national retail advisory team.
With Levy's addition, IPA Retail is positioning its Dallas-based leadership to serve a broad geographic footprint extending across major markets in Texas and Oklahoma. The firm indicates that this move is aligned with its goal of deepening coverage for institutional-caliber retail investors seeking advisory support on both acquisitions and dispositions throughout these regions and beyond.
