Marcus & Millichap Inc. announced on Thursday the formation of the William A. Millichap Fellowship Program, a comprehensive two-year training and development initiative designed to prepare participants for commercial real estate careers.

The Calabasas-based brokerage will partner with Project Destined, a social impact platform that provides training in financial literacy, entrepreneurship and real estate; and Commercial Real Estate Women Network, also known as CREW Network, a business network dedicated to advancing women in the industry.


Marcus & Millichap Chief Operating Officer Richard Matricaria said that the program aligns with the values of its namesake.


“This program epitomizes the late William A. Millichap and his dedication to cultivating strong educational foundations for the next generation of industry leaders,” Matricaria said in a statement. “Mr. Millichap was a driving force behind the company’s advancement in innovation, leadership and technology and this program will honor his efforts, values, ambitions and leadership that he worked so tirelessly to instill throughout the company.”


“Marcus & Millichap demonstrate their industry leadership and commitment to diversity, equity and inclusion through launching a developmental program of this magnitude and experience,” said Wendy Mann, chief executive officer of CREW Network.


Added Project Destined founder Cedric Bobo: “The real estate industry provides unparalleled opportunities to build a great career while also building wealth and impacting your community and your city. We are excited to partner with Marcus & Millichap to build a pipeline of incredible talent ready to take on this challenge.”


The search for the inaugural cohort of Winter 2022 Fellows is currently underway. Interested applicants for this salaried program “should be action-oriented, have excellent communication skills and a demonstrated interest in real estate via coursework or related experience,” according to a statement from the company.