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CALABASAS, CALIF. — Institutional Property Advisors (IPA) has named Brian T. Murdy as national director. IPA is a multifamily brokerage division of Marcus & Millichap that specializes in institutional and major private investors. Murdy had previously served as portfolio manager of Cornerstone Real Estate Advisers’ flagship core open-end fund. He is a 28-year veteran of the institutional multifamily investment industry.