NAI Merin Hunter Codman

What NAI Merin Hunter Codman does

NAI Merin Hunter Codman is a full-service commercial real estate firm founded in 1992 and headquartered in West Palm Beach, Florida. It operates regional offices in Boca Raton and Palm Beach Gardens and is the largest privately owned CRE firm headquartered in Palm Beach County. The firm delivers an integrated platform spanning landlord and tenant representation, investment sales and strategic advisory, property management (5,000,000+ square feet under management), construction management and development services, receivership and distressed asset services, real estate investment offerings through affiliated MHCommercial Real Estate Funds, and capital markets/financing placement.

The firm serves institutional investors, private equity firms, family offices, middle-market companies, and growing businesses across South Florida and the broader Southeastern United States, with global reach delivered through its membership in the NAI Global network (400+ offices, 5,100+ professionals, $20B+ annual transaction volume). Execution is supported by a multidisciplinary team of 60+ professionals, including SIORs, CCIMs, CPMs, attorneys, accountants, MBAs, and general contractors. The technology stack is led by the Procore Construction Management platform, used for integrated project and procurement management across development and capital improvement work.

Revenue is generated through a mix of commission-based brokerage (transaction fees on leasing, sales, and investment deals), recurring property management fees, construction and development management fees, receivership and distressed asset fees, and investment-related fees from affiliated managed funds. Pricing is quote-based and engagement-specific, with multi-year management contracts. The firm has produced $132.4M of 2025 transaction volume and 700,000 SF leased and sold in 2025, and has publicly cited value-add repositioning outcomes including Golden Bear Plaza ($34M purchase to $75M sale), Financial Center at the Gardens ($43.5M to $78M), and Fairway Office Center ($41M cost to $70M sale).

Name

NAI Merin Hunter Codman

Legal name

NAI Merin Hunter Codman, Inc.

Website

https://mhcreal.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

NAI Merin Hunter Codman is a full-service commercial real estate firm headquartered in West Palm Beach, Florida, offering integrated brokerage, property management, construction management, receivership, and investment services. It serves institutional investors, private equity firms, family offices, and middle-market companies across South Florida, with global reach via the NAI Global network.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (531210), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate brokerage
• Property management services
• Construction management services
• Tenant representation services
• Investment sales advisory

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Brokerage: Commission-based brokerage services including landlord representation, tenant representation, and investment sales for commercial properties across office, retail, industrial, multifamily, hospitality, and land sectors
2. Property Management: Property management fees for managing over 5 million square feet of commercial real estate including rent collection, budget preparation, financial reporting, maintenance and tenant relations
3. Construction Management Services: Preconstruction, construction, and post construction services including project management, cost monitoring, and certificate of occupancy coordination
4. Real Estate Investment Services: Through affiliated company MHCommercial Real Estate Funds, provides access to private equity commercial real estate investment opportunities for qualified accredited investors

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

NAI Merin Hunter Codman is a full-service commercial real estate firm providing integrated brokerage, property management, construction management, and investment services across office, retail, industrial, multifamily, hospitality, and land sectors. The firm serves as a single point of contact for institutional investors, private equity firms, family offices, middle-market companies, and corporations needing leasing, tenant and landlord representation, asset repositioning, distressed-asset receivership, and accredited-investor real estate investment opportunities via its affiliated MHCommercial Real Estate Funds.

Product overview

NAI Merin Hunter Codman is a full-service commercial real estate firm offering an integrated platform of brokerage, property management, construction management, and investment services. The core product portfolio consists of Landlord Representation, Tenant Representation/Corporate Services, Strategic Advisory/Investment Sales, Property Management (5+ million SF under management), Construction Management/Development Services, Receivership & Distressed Asset Services, Real Estate Investment opportunities through MHCommercial Real Estate Funds, and Financing services. The firm also provides an online Property Search/Inventory platform for searching available properties. These services are delivered through a team of experienced brokers, SIORs, CCIMs, CPMs, attorneys, accountants, and general contractors.

Differentiator

Problem solved

Functional benefit

Products and services

• Landlord Representation Marketing and leasing services for property owners of office, industrial, and retail properties, using creative marketing techniques, results-oriented philosophy, and a commitment to cooperation with the brokerage community to maximize value through tenant retention, pricing strategies, and transaction execution.
• Tenant Representation / Corporate Services Single point of contact tenant representation and corporate services for corporations with local, national, or worldwide real estate needs, including site analysis, lease negotiation, and portfolio optimization for one property or hundreds of properties or leases.
• Strategic Advisory / Investment Sales Strategic advisory and investment sales expertise for positioning and repositioning commercial properties, with in-depth market knowledge enabling expedited execution of strategic purchases and sales, supported by named repositioning outcomes such as Golden Bear Plaza, Financial Center at the Gardens, and Fairway Office Center.
• Property Management Comprehensive property management services for office, industrial, retail, and corporate facilities covering rent collection, budgeting, financial reporting, maintenance, and tenant relations across 5,000,000+ square feet under management, delivered using the Procore Construction Management platform.
• Construction Management / Development Services Comprehensive development services from concept to completion covering site selection, feasibility analysis, zoning, construction management, building design, project management, cost monitoring, and certificate of occupancy coordination.
• Receivership & Distressed Asset Services Receivership and distressed asset services for lenders and owners who acquired property through loan default, focused on preserving property values, emergency repairs, asset optimization strategies, tax issue resolution, and property repositioning to prevent structural disrepair, insurance lapses, and safety violations.
• Real Estate Investment Real estate investment opportunities for qualified accredited investors throughout the Southeastern United States through the firm's affiliated managed funds, MHCommercial Real Estate Funds.
• Financing Capital markets expertise with established relationships across local banks, life insurance companies, CMBS lenders, bridge lenders, construction lenders, FNMA, and Freddie Mac to arrange debt and equity financing for commercial real estate transactions.
• Property Search / Inventory Online property search portal for available commercial properties for sale and/or lease throughout Palm Beach County and broader Florida markets.

Quantifiable outcome

• $132.4 million in 2025 transaction volume
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• NAI GlobalcoreChannel Partner/ Reseller/ DistributorNAI Merin Hunter Codman is a member of NAI Global, one of the world's largest commercial real estate services networks. Through this affiliation, the firm provides clients with seamless access to local, national, and international markets. NAI Global has 400+ offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property. The network completes in excess of $20 billion in commercial real estate transactions annually.
• MHCommercial Real Estate FundscoreStrategic or Co-development PartnerNAI Merin Hunter Codman works with its affiliated company MHCommercial Real Estate Funds to provide real estate investment opportunities for qualified accredited investors throughout the Southeastern United States.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Colliers International: Global full-service commercial real estate services firm offering brokerage, property management, valuation and project management across office, retail, industrial and multifamily sectors — the closest direct competitor to NAI Merin Hunter Codman's integrated platform, particularly in South Florida.
• Avison Young: Privately owned (employee-owned) global commercial real estate services firm providing investment sales, leasing, property management and advisory, with a similar mid-size, principal-led culture and integrated service model as NAI Merin Hunter Codman.
• Lee & Associates: Privately owned, broker-owned commercial real estate firm operating through regional offices, offering brokerage, property management and integrated services — directly comparable in ownership structure, service breadth and mid-market positioning to NAI Merin Hunter Codman.
• Newmark Group:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nai-merin-hunter-codman
• Instagraminstagram.com/nai_mhc
• Xx.com/NAI_MerinHunter
• Facebookfacebook.com/NAIMerinHunter

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NAI Merin Hunter Codman