Making a Market in Affordable Housing

Nationally recognized leaders in the brokerage of affordable housing, Marcus & Millichap's Affordable Housing Advisors (AHA) is comprised of professionals with experience spanning as long as three decades in the brokerage of HUD-Associated and other types of affordable housing.  Paul Davis, founder of the Detroit-based AHA team, has both unrivaled breadth of experience and track record.  AHA has maintained its lead position by achieving results through the synergy created between AHA's expertise and Marcus & Millichap's national marketing platform.  We offer the most comprehensive experience and knowledge combined with the nationwide resources of the country's largest investment real estate sales force.  Between 2000 and 2008, AHA has closed over $1.1 Billion of affordable housing transactions in 40 states (see "Track Record").

Affordable Housing Advisors personnel network within the "Preservation" community, attend the major educational conferences, subscribe to the most insightful periodicals and monitor state-by-state policies relative to Low-Income Housing Tax Credits and other relevant resources.  We understand how the financing, rent subsidy contracts, use restrictions, property taxes and other elements of each property impact the value of the real estate.  We "make a market" among prospective purchasers who understand these elements and ensure that the prospective seller is able to obtain the maximum price from the optimal purchaser.  We typically generate offers from national, regional and local "Preservation" specialists (including not-for-profits) as well as developers who pursue such properties without necessarily applying scarce resources such as Tax Credits or Tax-Exempt bonds.  Our experience allows us to provide prospective sellers with insight on the expertise and reliability of the parties who have made the various offers.  Our repeat-business clientele is a testament to the efficacy of the AHA team (see "Clients Represented").