George Marcus
Overview
- Source of Wealth
- Real estate
- Industry
- Real Estate
- Residence
- Los Altos Hills, California
- Education
- San Francisco State (Bachelor of Arts/Economics)
- Children
- 4
Assets
- Essex Property Trust1,944,000 shares @ --ESS-US
- Essex Property Trust0 shares @ --ESS-US
- Marcus & Millichap, Inc.13,282,000 shares @ --MMI-US
- Wells Fargo142,000 shares @ --WFC-US
Biography
San Francisco Bay Area real estate broker George Marcus has been in the business for over 40 years.
Most of his fortune lies in a 35% stake in Marcus & Millichap, the publicly-traded real estate brokerage he founded in 1971.
Marcus & Millichap specializes in commercial real estate in the U.S. and Canada, closing nearly 9,000 transactions valued at $42.3 billion in 2016.
Marcus also controls a 3% stake in Essex Property Trust, a REIT he founded that owns more than 60,000 apartments along the West Coast.
Marcus also has a stake in several private real-estate and investment companies, including SummerHill Housing Group and Pacific Urban Residential.
About
He graduated with a B.A. in economics from San Francisco State University and served on the Board of Regents of the University of California from 2000 to 2012.
Marcus was born on a Greek island, northeast of Athens, and immigrated to the United States when he was four with his poor parents.