George Marcus | $1B+

Billionaire

Aug 15

Get in touch with George Marcus | George Marcus, Greek-American real estate mogul, is the founder and chairman of Marcus & Millichap, one of the largest commercial real estate brokerage firms in the United States. Since launching the company in 1971, he has expanded it into a nationwide powerhouse specializing in investment sales, financing, research, and advisory services. Beyond brokerage, Marcus also cofounded Essex Property Trust, a publicly traded REIT focused on West Coast multifamily housing, cementing his influence across both transactional and ownership sides of the real estate industry.

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George M. Marcus (born 1941) is a Greek-American billionaire real estate broker, the co-founder and chairman of Marcus & Millichap, and founder and chairman of Essex Property Trust.[1][2]

George M. Marcus
Born George Moutsanas
1941 (age 83–84)
Euboea, Greece
Nationality American
Education San Francisco State University
Occupation Real estate broker
Known for Founder and chairman of Marcus & Millichap
Co-owner of Essex Property Trust
Title Chairman, Essex Property Trust
Spouse Judy Marcus
Website https://www.mmcrealestate.com/
Contents

Early life

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He was born George Moutsanas in Euboea, Greece, in 1941, and migrated to the US with his family in 1945, aged four.[3][4]

He earned a bachelor's degree in economics from San Francisco State University (SFSU) in 1965.[1]

Career

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In 1971, he co-founded Marcus & Millichap,[5] with William A. Millichap.

Marcus is founder and chairman of Essex Property Trust.[4][2] He owned 2.4% stake.[5]

During the 1980s he was a trustee of the California State University and is a member of the CSU Foundation's board of governors. He also served 12 years as a University of California regent.[6]

Personal life

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His wife Judy Otten Marcus graduated from SFSU in 1962 with a degree in recreation, and is a former physical education teacher.[6]

Marcus lives in Los Altos Hills, California.[5]

Philanthropy

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Marcus and his wife Judy donated $3 million to help found SFSU’s International Center for the Arts.[3]

In 2017, Marcus donated $1 million to Hellenic College Holy Cross Greek Orthodox School of Theology.[3]

In 2018, George and Judy Marcus donated $25 million to SFSU to establish the George and Judy Marcus Funds for Excellence in the Liberal Arts. The funds will support students and faculty in liberal and creative art programs at the school and make enhancements in its Department of Creative Writing and the School of Cinema. This donation follows a $1.8 million donation the year before to establish an athletics scholarship fund at the school.[6]

In 2020, Marcus donated $2 million to the reconstruction of the St. Nicholas Greek Orthodox Church at the World Trade Center in New York City, adding to the $1 million that he had previously donated.

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George Marcus | $1B+

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