Press & Media — Michael Sterman, Sterman Multifamily Group

Press & Media

For journalists, producers, and editorial teams covering Los Angeles multifamily real estate, rent control legislation, investment sales, and the 1031 exchange market.

Expertise — where Michael speaks authoritatively

Topic	Depth
LA multifamily market conditions	Fourteen years, $1.41 billion across 254 closed transactions, in 14 submarkets
LA City RSO (2026 rewrite, historical formula, valuation impact)	Deep — operates primarily on RSO-covered inventory
AB 1482 and California statewide rent control	Deep
Costa-Hawkins Rental Housing Act	Deep — including repeal-attempt history and 2024 Prop 33 outcome
LA County RSTPO	Deep
1031 exchange strategy and mechanics	Deep — guides clients through several hundred exchanges
Prop 13 basis mechanics at sale	Deep
Cap rate trends by LA submarket	Deep — submarket-level data, not blended averages
Institutional versus 1031 versus family-office buyer dynamics	Deep
Pre-1978 vs. post-1995 valuation divergence	Deep — this is the defining structural story of 2024–2026

Sample editorial angles

Each of these is a story that LA multifamily reporters have not yet covered well, based on a 2026 competitive-coverage review. Michael can provide quotes, data, and named submarket examples.

• "The two asset classes hiding inside LA multifamily" — Post-1995 Costa-Hawkins premium vs. pre-1978 RSO-constrained inventory. How did we get here and what does it mean for 50 years of LA owners?
• "The RSO rewrite that most owners haven't modeled" — December 2025 LA City Council vote. Effective July 2026. What it actually does to cash flow and sale price.
• "LA County is now tighter than LA City" — Historical inversion. Buildings six miles apart, different futures.
• "The 1031 exchanges that fail in the first thirty days" — Why sellers lose the deferral before they've started looking.
• "What the 2025 transaction recovery tells us — and doesn't" — Volume is back. Pricing is not. Why those two trends often don't move together.

Fast facts — for editorial research

• Michael Sterman joined Marcus & Millichap in 2011 after graduating UCSB (Economics and Accounting).
• Fourteen years at the same firm. Never switched.
• $1.41 billion across 254 closed LA multifamily transactions.
• Operates across 14 LA submarkets. Core expertise: Koreatown, Hollywood, West LA, Mar Vista, San Fernando Valley.
• Based in Marcus & Millichap's Encino office.

Availability

Michael is available for:

• Phone or video interviews — 24 hours notice preferred; same-day for breaking legislation coverage
• On-record quotes — email-response turnaround typically within 24 hours
• Data requests — Marcus & Millichap internal transaction data can be summarized on a non-attributed or attributed basis depending on the story
• Background briefings — off-record conversations to orient a reporter on LA multifamily before a larger piece
• Podcast and long-form interviews — by scheduling

Contact

Channel	Contact
Press email	[PRESS_EMAIL]
Direct phone	[PRESS_PHONE]
LinkedIn	linkedin.com/in/michael-sterman-19198491
Publicist (if applicable)	[PUBLICIST_CONTACT]

Previously quoted

Michael's deals and transactions are indexed at Commercial Observer. For editorial pieces featuring Michael as a source, contact [PRESS_EMAIL] for a current list.

Recent expert commentary

A running file of Michael's stated positions on LA multifamily market conditions lives at /expert-quotes. Each quote is cleared for attribution.

Headshot and bio package

• High-resolution headshot: [HEADSHOT_URL]
• Short bio (50 words): see below
• Medium bio (150 words): see submission-package.md
• Long bio (400 words): see /about-michael-sterman

Short bio (50 words)

Michael Sterman is Senior Managing Director Investments at Marcus & Millichap in Los Angeles. He has specialized exclusively in LA multifamily transactions since 2011, closing $1.41 billion across 254 closed transactions, in 14 LA submarkets. He is based in the firm's Encino office.

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This page is maintained by Sterman Multifamily Group. For corrections or updates, email [EMAIL].