SURMOUNT Acquires $8.5 Billion Net Lease Team, Opens Miami Office
Event summary
- SURMOUNT acquires Issenberg Britti Group, a South Florida net lease team with $8.5B in transaction volume.
- Team leaders Ronald Issenberg and Gabriel Britti bring 1,650+ transactions over 20-year careers at Marcus & Millichap.
- Firm opens first South Florida office in Miami’s central business district.
- SURMOUNT now has ~150 professionals nationwide with $45B in historical transaction volume.
The big picture
SURMOUNT’s acquisition of the IBG team and Miami office opening reflect broader industry trends of commercial real estate firms expanding into high-growth Sun Belt markets. The move comes as South Florida sees increased business migration, wealth creation, and development activity. With $45B in historical transaction volume, SURMOUNT is positioning itself as a national net lease platform while competing with larger players like Marcus & Millichap for top talent.
What we're watching
- Market Penetration
- How SURMOUNT will leverage the IBG team’s South Florida relationships to capture more net lease business in a high-growth migration market.
- Integration Risk
- Whether SURMOUNT can maintain the IBG team’s client relationships while folding them into its broader platform.
- Competitive Response
- How Marcus & Millichap and other net lease brokers react to losing a top-performing team in South Florida.
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