Real Estate Forum: Forum 100
CONTACT US | METHODOLOGY
Moran & Co.
Brokerage | Honorable Mention
         
Company:   Moran & Co.    
Address: One North Franklin, Suite 700    
City: Chicago    
State: IL    
Zip:   60606    
Phone: 312-407-6700    
Fax: 312-407-6717    
Email: kathleenh@moranandco.com    
Website: www.moranandco.com    
Key Executive      
1. Name: Thomas F. Moran    
    Title: Chairman    
2. Name: Mary Ann King      
    Title: President    
3. Name: Anthony R. Rossi      
    Title: Partner in Charge of Development and Management    
4. Name: Tom Kearney      
    Title: Partner in Charge of Asset Management and Investor Relations    
* Number of Offices: 7    
* Number of Employees: 45    
* Gross Revenues Fiscal Year 2006: 11.6 million    
* Projected Revenues Fiscal Year 2007: 12.5 million    
Selected Areas of Specialization: Moran & Company is a Chicago-based national brokerage firm specializing in the sale of institutional-quality and value-added multifamily properties.    
Company Overview: Moran & Company was formed in 1971 as an apartment investment firm. In 1994, at the request of a few institutional investors, the partners assisted with the disposition of several apartment properties in Southern California. The buyer was so impressed by the company’s brokerage team that he hired them to market additional apartment properties on their behalf. Thus, Moran & Co.’s multifamily brokerage business was born. Today, the Chicago-based brokerage firm specializes in the sale of institutional-quality multifamily properties including Class A and value-add opportunities. It has seven offices located across the country, in Seattle, WA; Costa Mesa, CA; Denver, CO; Chicago, IL; Dallas, TX; Alpharetta, GA; and Bethesda, MA. In order to generate the highest price for a specific community in light of current market conditions, Moran & Co. has developed a modified bid process that most often takes 17-26 weeks. According to Jeff Williams, a former client who joined the company as a partner in late 2006, this analytical approach to selling allows Moran & Co. to compete with bigger firms. “The model of the company is much more in line with that of an investment banking firm in its approach,” Williams said. He also noted that the background of Moran & Co.’s employees, many of whom have been on both the buying and selling end of the business, makes them more effective brokers. Since 1995, Moran & Co. has closed nearly $10 billion in apartment sales across the country.    
*Total Number of Transactions Closed in 2006: 35    
Total Number of Leases: 0    
Total Number of Sales: 35    
*Total Value of Transactions Closed in 2006: 1.7 billion    
Total Value of Leases: .    
Total Value of Sales: 1.7 billion    
Percentage by Property Type:      
Office: 0    
Industrial: 0    
Retail: 0    
Apartments: 100    
Hotels: 0    
Other: 0    
(Please specify)    
Percentage by Geographic Area:      
Northeast: 0 %    
Southeast: 0 %    
Midwest: 20 %    
Southwest: 34 %    
West: 46 %    
International: 0 %    
Average Transaction Volume per Broker:      
Number of Deals: 35    
Value 12.4 million