MMG acquires Independence Commercial Advisors

MMG Real Estate Advisors (MMG), a multifamily investment sales brokerage firm, announces the acquisition of Independence Commercial Advisors. Based in Texas, the boutique brokerage was founded in 2020 by industry veterans J. Michael Watson and J. Michael Moffitt with a focus on Texas private capital and institutional multifamily and self-storage brokerage.

With the mission of helping clients create and preserve wealth, Independence Commercial Advisors has garnered a reputation for integrity and client success in the multifamily space. “We’ve always seen ourselves as true advisors to our clients, and that is clearly a shared value with the team at MMG,” Mike Moffitt said. “We were highly impressed with the resources MMG has assembled and even more impressed with the collaborative team the firm has amassed, with each member bringing their collective knowledge to bear for the greater good.”

As part of the transaction, MMG has added eight investment sales advisors to the firm’s rapidly growing national roster with offices now in San Antonio, Austin, Houston, and Dallas. Managing Directors Mike Watson & Mike Moffitt join the firm, along with Senior Directors Mark Diebold, Nicholas Ling, Josh Murphy and Richard Mireles and Associate Advisors Tyler Salter and Alex Thompson. In addition, Senior Project Manager Evelyn Pinner has joined MMG’s growing operations team from Independence.

Mike Watson has been a market leader in the central and south Texas commercial real estate markets for over 20 years. He started his career in commercial real estate in the Austin office of Marcus & Millichap specializing in multifamily investment sales and later in executive management of many of the firms’ regions. He was the No. 1 producing agent for the Austin and San Antonio regions, routinely recognized as one of the state’s “Top 10 Producers,” and received numerous national sales awards. Over the course of his career, Mike has led the sales and marketing efforts for more than $3 billion in investment sales and financing transactions.

With over 30 years of experience, Mike Moffitt has personally represented buyers and sellers in the sale of multifamily, retail, office, industrial, hospitality and self-storage assets throughout Texas. In 2010, he joined Marcus & Millichap where he climbed the ranks before being named first vice president of Investments in 2017. During his tenure, Mike was a National Achievement, Sales Recognition, and Platinum Award winner. Over the years, Mike has been instrumental in helping family-owned private offices, regional syndicators, and individual private clients to form acquisition and disposition strategies.