Marcus & Millichap

Jacob Steele


Jake Steele serves as Director of Marcus & Millichap’s InterWest Multifamily Group. He is based in Denver where he facilitates the platform for Colorado and Western States apartment property investment sales.

InterWest has an established track record of working with multifamily properties across the West and Mid-West. Having completed more than $500 million in multifamily transactions for over 6,000 units, InterWest’s professionals take pride in attaining maximum value for each engagement.

Jake received his BA from Middlebury College and completed his Juris doctorate at the University of Montana School of Law and Seattle University School of Law. Mr. Steele is a licensed attorney in Washington and a licensed real estate broker. Mr. Steele is also an expert in facilitating dispositions in distressed and bankruptcy situations across the country.

Mr. Steele most recently spoke at the Multifamily Executive Leadership Summit in Vail.

Jacob Steele

Jacob Steele

First Vice President Investments
Tel: (303) 328-2070
Fax: (303) 328-2010

License:  CA  01745422
License:  CO  IA.100067430

International Council of Shopping Centers

Associate Director - National Multi Housing Group
Member - Special Asset Services Group

Promoted to Senior Associate in February, 2011
Promoted to Associate Vice President Investments in October, 2014
Promoted to Vice President Investments in July, 2015
Promoted to First Vice President Investments in January, 2017

Middlebury College, Bachelor of Arts
University of Montana School of Law, Juris Doctorate

Sales Recognition Award: 2017, 2015, 2013

Our Team

Jacob Steele & Nick Steele

The InterWest Multifamily Group

Team Members:

Transactions Closed

  • Silver Creek Office

    Silver Creek Office


    Las Vegas, NV

  • Sagebrook Apartments

    Sagebrook Apartments


    Colorado Springs, CO
    Price: $48,750,000
    Size: 288,452 sqft
    Size: 314 units

  • The Bluffs

    The Bluffs


    Junction City, KS
    Price: $43,575,000
    Size: 563,236 sqft
    Size: 602 units

  • Plaza on Broadway

    Plaza on Broadway


    Boulder, CO
    Price: $24,771,500
    Size: 50,786 sqft
    Size: 39 units

  • Highway 79 Super Storage

    Highway 79 Super Storage

    Self-Storage Facility

    Temecula, CA
    Size: 108,204 sqft

  • Eastpointe Apartments

    Eastpointe Apartments


    Boulder, CO
    Size: 121,924 sqft
    Size: 140 units

  • Falcon Glen

    Falcon Glen


    Mesa, AZ
    Size: 339,936 sqft
    Size: 402 units

  • La Casa Apartments

    La Casa Apartments


    Indianapolis, IN
    Size: 224,520 sqft
    Size: 252 units

  • 1501 Bison Drive

    1501 Bison Drive


    Williston, ND
    Size: 172,368 sqft
    Size: 192 units

  • Lamar Crossing Apartments

    Lamar Crossing Apartments


    Memphis, TN
    Size: 124,710 sqft
    Size: 120 units

  • Resort by the Sea Apartments

    Resort by the Sea Apartments


    Corpus Christi, TX
    Size: 123,533 sqft
    Size: 153 units

  • Columbine Apartments

    Columbine Apartments


    Greeley, CO
    Size: 108,252 sqft
    Size: 108 units

  • Skyway Village

    Skyway Village


    Colorado Springs, CO
    Size: 115,290 sqft
    Size: 148 units

  • Independence Towers

    Independence Towers


    Independence , MO
    Size: 72,981 sqft
    Size: 123 units

  • Best Western

    Best Western


    Alvarado, TX
    Size: 68 units

  • North Muskegon Apartments

    North Muskegon Apartments


    North Muskegon, MI
    Price: $460,000
    Size: 21,098 sqft
    Size: 34 units

  • Three Forks Lodging Apartments

    Three Forks Lodging Apartments


    Williston, ND
    Size: 27,400 sqft
    Size: 28 units

  • Springville Storage Suites

    Springville Storage Suites

    Self-Storage Facility

    Camarillo, CA
    Size: 58,843 sqft
    Size: 437 units

  • Meydenbauer Inn Apartments

    Meydenbauer Inn Apartments


    Bellevue, WA
    Size: 39,599 sqft
    Size: 69 units

  • 2754 E Paulding Rd

    2754 E Paulding Rd


    Fort Wayne, IN
    Price: $3,300,000
    Size: 389,171 sqft
    Size: 388 units
    Cap Rate: 71.91%

  • 2837-2855 Harrison Street (In Default)

    2837-2855 Harrison Street (In Default)


    Denver , CO
    Size: 5,050 sqft
    Size: 10 units

  • Candlewood Suites

    Candlewood Suites


    Colorado Springs, CO
    Size: 122 units

  • Polo Center

    Polo Center

    Shopping Neighborhood

    Colorado Springs, CO
    Size: 39,233 sqft

  • Clear Creek Square

    Clear Creek Square


    Golden, CO
    Size: 82,432 sqft

  • Matthew's Center

    Matthew's Center

    Shopping Community

    New Albany, IN
    Size: 26,085 sqft

  • Blackiston Mill

    Blackiston Mill

    Shopping Community

    New Albany, IN
    Size: 32,380 sqft

  • HC 70 Box 400

    HC 70 Box 400


    Lajitas, TX
    Size: 93 units

  • Easy In Self Storage

    Easy In Self Storage

    Self-Storage Facility

    Leominster, MA

  • America's Best Value Inn

    America's Best Value Inn


    Glenwood Springs, CO
    Size: 23 units

  • Kalamath Millshops Unit 104

    Kalamath Millshops Unit 104

    Office Vacant/User

    Denver, CO

  • Patriot Pointe

    Patriot Pointe


    Junction City, KS
    Price: $9,500,000
    Size: 193,814 sqft
    Size: 129 units

  • 9033 East Easter Place

    9033 East Easter Place


    Centennial, CO

  • Texarkana Medical Portfolio OPEN

    Texarkana Medical Portfolio OPEN

    Office Medical

    Texarkana, TX

  • Meadowlark Heights Apartments

    Meadowlark Heights Apartments

    Multifamily HUD

    Minot, ND
    Price: $6,200,000
    Size: 35,000 sqft
    Size: 96 units

  • 11803 Holiday Drive

    11803 Holiday Drive


    Kansas City, MO
    Price: $2,500,000
    Size: 156,392 sqft
    Size: 164 units

  • Patriot Homes - Waco, TX

    Patriot Homes - Waco, TX

    Industrial Vacant/User

    Waco, TX

  • Patriot Homes - Middlebury, IN

    Patriot Homes - Middlebury, IN

    Industrial Vacant/User

    Middlebury, IN
    Price: $1,500,000

  • Lake Havasu RV & Boat Storage

    Lake Havasu RV & Boat Storage

    Self-Storage Facility

    Lake Havasu City, AZ
    Price: $5,000,000
    Size: 684 units

  • Chicago Self-Storage Facility

    Chicago Self-Storage Facility

    Self-Storage Facility Loan Sale (Loan Sale)

    Chicago, IL
    Price: $3,825,000

In The News

  • Closed: Record Breaking CU-Boulder Student Housing

    Boulder, Colo. — Marcus & Millichap has arranged the sale of Plaza on Broadway, a 39-unit, 152-bed multifamily student housing community in Boulder. The $24.05 million sales price equates to...

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    $24M sale of Boulder complex sets per-unit, per-square-foot records

    A California company has purchased a large student housing complex near the University of Colorado, in what is believed to be the most lucrative per-unit and per-square-foot sale in state history,...

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    Boulder student housing complex sells for record $616K per unit

    Plaza on Broadway, a 39-unit student housing complex in Boulder, has sold for $24 million, or $616,667 per unit, a record in Colorado, according to Marcus & Millichap, which brokered the transaction.

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  • Plaza on Broadway Sells for $24 Million

    Brinkman Partners finalized its sale of Plaza on Broadway, a 39-unit student housing complex in Boulder, Colorado, to a private investor for $24.05 million, or approximately $617,000 per unit.

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    Sagebrook Apartments in Colorado Springs Sells for $48.7M

    COLORADO SPRINGS, COLO. — Sagebrook Apartments LLC has acquired the 314-unit Sagebrook Apartments in Colorado Springs for $48.7 million. The community is located at 2555 Raywood View. - See more...

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    Eastpointe Apartments in Boulder Sells for $18M

    BOULDER, COLO. – The 140-unit Eastpointe Apartments in Boulder has sold to Apartment Investment and Management Company (AIMCO) for $18 million. The community is located at 1500-1590 Eisenhower...

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  • Texarkana Medical Portfolio Sells

    Texarkana Medical Portfolio Sells

    Read More

    Clear Creek Square Office Building Trades for $7.3M

    Clear Creek Square Office Building Trades for $7.3M

    Read More

    Lamar Crossing Slated for Auction Block

    More than three years after developers broke ground on Lamar Crossing, the end is finally in sight for the beleaguered apartment complex. Arvest Bank of Oklahoma, the bank that reclaimed the...

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  • Partners with the Marcus & Millichap Special Assets Group and are proud to partner with the Marcus & Millichap Special Assets Group to provide the best-in-class online bidding platform for Commercial Properties and Note...

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    Steamboat's Clock Tower Square to Go to Auction

    Steamboat Springs — A Denver company has included Clock Tower Square and the adjacent Xanadu condominiums at the base of Steamboat Ski Area among $60 million in lender-owned property and debt to be...

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    Are Investors Prepared to Buy Distressed Properties?

    Investors in 2010 expect to find commercial real estate opportunities priced at a fraction of past values. Yet despite investor demand and a flood of distressed assets, deal volume is low...

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