Investment sales firm Marcus & Millichap has named John Kerin as its president and CEO as of July 1.

“Marcus & Millichap is entering a new and exciting phase of growth and John is uniquely qualified to lead our efforts to expand market share and improve our agent support and client services,” said George Marcus, the firm’s founder and chairman, in a statement. “The depth of John’s experience and having supervised numerous operations throughout the country for the past several years gives him the knowledge and understanding essential to strengthening our value proposition.”

Kerin was previously a senior vice president and managing director in the company, overseeing 18 offices in the country. He joined Marcus & Millichap in 1981 and was one of the top 10 agents in 1985 and 1986. Since then, he has steadily risen in the ranks, and was promoted to senior investment associate in 1986, regional manager of the Los Angeles office in 1987, first vice president in 1994 and managing director in 1996.

“The recent market dislocation reinvigorated the importance of value-added brokerage, which has always been Marcus & Millichap’s driving force,” says Kerin in a statement. “We have demonstrated our unique ability to help investors strategize and have executed more transactions than any other source in one of the most difficult markets. More than any other time, there are significant opportunities to bring more efficiency to the market place and substantially grow our financing, transaction and advisory services.”