Senior Managing Director Todd Marix of Berkadia Houston Investment Sales retired at the end of last year after 36 years in the commercial real estate industry. Todd is Houston’s longest tenured broker and has successfully negotiated sales in excess of $22 billion in 700 transactions totaling 223,000+ units throughout the United States.
Todd began his career working at Greystar and small brokerage firms, before finally joining with Craig LaFollette and Todd Stewart at CBRE in 1998 and starting the first large multifamily focused investment sales team in Houston. Since then, the team has grown to 16 members. The team moved to HFF in 2009, which was then acquired by JLL in 2019, and then moved to Berkadia in 2021. Todd’s team has been #1 or #2 in market share in Houston for the last 25 years.
“In reflecting on my start in the industry back in 1987, I remember facing challenging market conditions, much like today,” said Marix. “I hope this serves as a reminder for younger producers to stay in the business and work hard because the market always comes back.”
Todd built deep long-standing relationships with all of his clients. His major clients include Gables Residential, Hines, and OHT Partners. Some of his most significant transactions include the Gables Sugar Land Portfolio (1,410 units) in 2011 and Gables West Ave in 2018. Todd and his team represented Hines in the disposition of their first multifamily development, WaterWall Place in 2018, and their first portfolio of suburban assets in 2021. Furthermore, the team represented OHT Partners in four transactions since 2018, including Lenox Clear Lake in 2022.
“Todd’s been a prolific broker in this market for 36 years,” said Senior Managing Director Chris Curry. “He played a huge role early in my career as a mentor, a great partner, and a trusted friend. Todd’s been through multiple cycles, including the rise of apartments to the number one asset class for real estate investors – he’s really seen it all. His presence will be missed.”
“Todd’s exceptional leadership and the legacy he has built has not gone unnoticed in Houston,” said Senior Managing Director Tucker Knight. “He has fostered a strong collaboration between investment sales and mortgage banking, truly acknowledging our ‘One Berkadia’ values.”
Todd plans on staying connected to the industry, hopefully investing and continuing relationships with the very smart and hardworking people he has met along the way. He looks forward the most to spending more time with his wife and family.
“I am honored to have worn the Berkadia badge and been a part of such a hardworking team in Houston,” said Marix. “I am very proud of the team we’ve built, and the young, seasoned group taking it forward.”