Marcus & Millichap is a national commercial real estate services firm that operates as the leading investment broker in the $1–$10 million private client market segment, which comprises the majority of U.S. commercial property transactions. The company generates revenue primarily through real estate brokerage commissions on property sales and advisory services, supplemented by financing services including senior debt, mezzanine debt, and securitization solutions provided through its financing division in partnership with major financial institutions. The firm differentiates itself through its deep focus on the private client market—which benefits from consistent investor motivations less sensitive to economic cycles—combined with proprietary research capabilities, an integrated national brokerage and financing platform, and proprietary technology enabling buyer-seller matching across its network of investment professionals.