Personnel News from PSRS, Marcus & Millichap

PSRS Names Michael Tanner President

Pacific Southwest Realty Services announced Michael Tanner will take over the office of President recently vacated by Daniel Phelan, CMB, CCMS.

Michael Tanner, interviewed by MBANow

Phelan will continue to serve as Chief Executive Officer and will work closely with Tanner through the transition and in his new role as president.

Dan Phelan, CMB, CCMS

Tanner noted PSRS is a multi-generational company closing in on its 50th year in business. “We are excited to be implementing strategies for another successful 50 years,” he said. 

In his new role, Tanner will focus on executing strategies and goals developed with the executive team, including leading new company-wide initiatives.

“Mike Tanner has shown such great drive and leadership since he joined his dad, Scott Tanner, and I in 2003,” Phelan said. “He has developed not only his clients through hard work and service but has also gotten involved in the industry through the Mortgage Bankers Association. Mike has risen through the ranks holding various committee and industry positions, including being a member of COMBOG and has been recognized for his hard work. In October 2020 he was elected to the Board of Governors for the MBA. PSRS is in great hands as we move forward looking to what our future will be.”

Tanner’s career in commercial real estate debt financing spans nearly two decades, joining PSRS in 2003 as an analyst after earning his bachelor’s degree in economics from Brigham Young University in Provo, Utah. Tanner moved into production and was awarded Rookie of the Year by Standard Insurance in 2006. 

Marcus & Millichap Names Two Key Executives as Part of Financing Division Growth Plan

Evan Denner

Marcus & Millichap, Calabasas, Calif., named Evan Denner Executive Vice President and Head of Business of the firm’s financing subsidiary, Marcus & Millichap Capital Corp.

Paul Lewis

Denner’s nearly 30-year tenure in commercial real estate includes 23 years of capital markets and financing experience. Since 2019, he has served as Marcus & Millichap’s head of corporate strategy and played a key role in the firm’s recent additions of Metropolitan Capital, Mission Capital and LMI to the MMCC platform.

Denner’s experience includes a leadership position at Ackman-Ziff Real Estate Group, CEO of the U.S. arm of Hypo Real Estate Capital Corp. and head of merchant banking at Cantor Fitzgerald, where he helped execute several acquisitions that established Newmark as a public real estate services firm. He also co-founded mortgage real estate investment trust Quadra Realty Trust, where he served as the company’s CEO.

In addition, MMCC appointed Paul Lewis to the newly created position of Senior Vice President, Director of Agency Programs, as part of the company’s plan to expand its multifamily agency lending capabilities. Lewis spent nearly 20 years at Fannie Mae where he rose to the top ranks. Highlights of his accomplishments include the structuring of $50 billion of multifamily financings with no attributed credit loss, designing key multifamily programs, and implementing changes to Fannie Mae’s counterparty risk functions. Lewis will report to Denner.