Core Insights - Reinhart Partners, LLC sold all 2,208,439 shares of Marcus & Millichap, resulting in an estimated transaction value of $64.82 million based on quarterly average pricing [2][8] - The sale eliminated Reinhart's position in Marcus & Millichap, which represented a 1.94% reduction in their 13F reportable assets under management (AUM) for the quarter [3] Company Overview - Marcus & Millichap has a market capitalization of $1.06 billion and reported revenue of $751.28 million for the trailing twelve months (TTM) [4] - The company has a net income of -$6.67 million (TTM) and a dividend yield of 1.89% [4] - It operates as a leading real estate investment brokerage and advisory firm, providing services across various property types including multifamily, retail, office, and industrial [5][7] Performance Metrics - As of February 10, 2026, shares of Marcus & Millichap were priced at $27.22, reflecting a 26.4% decline over the past year, underperforming the S&P 500 by 40.8 percentage points [3] - The company generates revenue primarily through brokerage commissions and fees from property transactions and financing solutions [7]