Marcus & Millichap has announced a strategic partnership with Archer, a venture-backed real estate technology company. The terms of the partnership were not disclosed.
According to Richard Matricaria, COO of Marcus & Millichap’s Western Division, this collaboration is one way the company stays at the forefront in the proptech space. He also highlighted their appreciation for Archer’s technology and its benefits for brokers and clients, which led them to expand their partnership through an equity investment.
Founded in 2019 and based in San Francisco, Archer offers a comprehensive commercial real estate software platform that streamlines market analysis, deal sourcing, and underwriting activities. Their machine-learning algorithms allow for better parsing of property financials such as rent rolls and operating statements while consolidating data from various sources to provide immediate performance metrics nationwide for multifamily assets. This platform enables brokers to expedite market analysis and underwriting processes on behalf of their clients.
Matricaria noted that Marcus & Millichap’s track record of utilizing emerging technologies aligns perfectly with Archer’s predictive analytics approach focused on investors’ needs. As both customers and investors in Archer themselves now too thanks to this strategic partnership extension they look forward together extending these benefits further across all our brokerage services offered by our team here at Marcus & Millichap.”
