{"success":true,"data":{"pressRelease":{"id":"23715","rtpr_id":"nGNX33XYl9","ticker":"EXPI","exchange":"NASDAQ","all_tickers":["EXPI"],"title":"Industry Veteran Mario J Alvarez Jr Brings $1B+ Track Record to eXp Commercial","author":"Globe Newswire","published_at":"2026-05-06T16:00:00.176Z","article_body":"BELLINGHAM, Wash., May 06, 2026 (GLOBE NEWSWIRE) -- eXp Commercial, a\nnationwide virtual commercial real estate brokerage and subsidiary of eXp\nWorld Holdings, Inc. (Nasdaq: EXPI), today announced that Mario J Alvarez Jr\nhas joined the company. A seasoned executive and entrepreneur with more than\n20 years of experience in the commercial real estate (CRE) sector, Alvarez\nbrings an elite background of strategic leadership and over $1 billion in\ncareer gross transaction volume.\n\nBased in Southern California, Alvarez is widely recognized as a dominant force\nin the Inland Empire, San Gabriel Valley, Coachella Valley, and High Desert\nmarkets. His transition to eXp Commercial marks a significant milestone as the\nfirm continues to attract top-tier institutional talent across the industry.\n\nAlvarez previously served as a Market Leader and Managing Director at Marcus &\nMillichap, where he oversaw 50 agents and a portfolio featuring over $5\nbillion in listed inventory across the United States. His leadership spanned\napproximately 415 transactions across diverse asset classes, including\nHospitality, Multi-Family, Retail, and Industrial.\n\nHis resume includes tenures as Executive Vice President at NAI Capital and\nManaging Director at Newmark, where he spearheaded private-capital retail\ninvestment sales.\n\n“Mario pairs a massive $1 billion track record with a rare entrepreneurial\nspirit that is exactly what we look for at eXp,” said Leo Pareja, CEO of eXp\nCommercial. “His deep roots in Southern California and his unwavering\ncommitment to empowering those around him make him a tremendous asset to the\nculture we are building. In this business, proximity is power, and bringing a\nleader of Mario’s caliber into our tribe will only accelerate the success of\neveryone around him.”\n\nAlvarez’s move reflects a growing trend of top-producing advisors choosing\neXp Commercial for its autonomy, equity participation, and institutional-grade\nsupport.\n\n“Joining eXp Commercial was a strategic decision driven by alignment,”\nsaid Alvarez. “The platform delivers advanced commercial real estate tools\nand innovative technology that elevate how we serve clients. More importantly,\nit fosters a truly collaborative environment — one that extends across the\nUnited States and internationally — creating meaningful opportunities to\nscale. Coupled with experienced leadership that actively partners with\nadvisors, eXp Commercial provides the foundation to build lasting,\ngenerational wealth for both our business and our clients.”\n\nAbout eXp World Holdings, Inc.\neXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp\nCommercial, a nationwide cloud-based commercial real estate brokerage. As a\npublicly traded company, it offers commercial advisors the unique opportunity\nto earn equity awards for meeting production goals and driving company growth.\nWith advanced technology and a global network, eXp Commercial helps advisors\ngrow their businesses and serve clients across commercial sectors like office,\nindustrial, retail, multifamily, land, specialty properties and more. Learn\nmore at https://www.expcommercial.com/ and https://expworldholdings.com.\n\nSafe Harbor and Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These statements reflect\nthe Company’s and its management’s current expectations but involve known\nand unknown risks and uncertainties that could impact actual results\nmaterially. These statements include, but are not limited to, statements\nregarding the anticipated success of advisors or teams joining eXp Commercial,\nfuture production goals or volume projections, and participation in or\nbenefits derived from the Company’s platform, tools, compensation model, or\nequity programs. Important factors that may cause actual results to differ\nmaterially and adversely from those expressed in forward-looking statements\ninclude real estate market fluctuations, changes in advisor retention or\nrecruitment, competitive pressures, regulatory changes, and other risks\ndetailed from time to time in the Company’s Securities and Exchange\nCommission filings, including but not limited to the most recently filed\nQuarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not\nundertake any obligation to update these statements except as required by law.\n\nMedia Contact\neXp World Holdings, Inc.\nmediarelations@expworldholdings.com\n\nInvestor Relations\nDenise Garcia\ninvestors@expworldholdings.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/087032db-8325-430b-8162-380fc38172d2\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/cc856094-c1ba-46b0-9a20-0aeef1a7d1d3)\nIndustry Veteran Mario J Alvarez Jr Brings $1B+ Track Record to eXp Commercial\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/087032db-8325-430b-8162-380fc38172d2/en)\nWith over $1 billion in individual gross transaction volume and recent\noversight of $5 billion in diverse national inventory, the former Marcus &\nMillichap Market Leader joins eXp to scale his retail and institutional\ninvestment sales practice.\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX33XYl9","title":"Industry Veteran Mario J Alvarez Jr Brings $1B+ Track Record to eXp Commercial","author":"Globe Newswire","ticker":"EXPI","created":"2026-05-06T16:00:00.176Z","tickers":["EXPI"],"exchange":"NASDAQ","article_body":"BELLINGHAM, Wash., May 06, 2026 (GLOBE NEWSWIRE) -- eXp Commercial, a\nnationwide virtual commercial real estate brokerage and subsidiary of eXp\nWorld Holdings, Inc. (Nasdaq: EXPI), today announced that Mario J Alvarez Jr\nhas joined the company. A seasoned executive and entrepreneur with more than\n20 years of experience in the commercial real estate (CRE) sector, Alvarez\nbrings an elite background of strategic leadership and over $1 billion in\ncareer gross transaction volume.\n\nBased in Southern California, Alvarez is widely recognized as a dominant force\nin the Inland Empire, San Gabriel Valley, Coachella Valley, and High Desert\nmarkets. His transition to eXp Commercial marks a significant milestone as the\nfirm continues to attract top-tier institutional talent across the industry.\n\nAlvarez previously served as a Market Leader and Managing Director at Marcus &\nMillichap, where he oversaw 50 agents and a portfolio featuring over $5\nbillion in listed inventory across the United States. His leadership spanned\napproximately 415 transactions across diverse asset classes, including\nHospitality, Multi-Family, Retail, and Industrial.\n\nHis resume includes tenures as Executive Vice President at NAI Capital and\nManaging Director at Newmark, where he spearheaded private-capital retail\ninvestment sales.\n\n“Mario pairs a massive $1 billion track record with a rare entrepreneurial\nspirit that is exactly what we look for at eXp,” said Leo Pareja, CEO of eXp\nCommercial. “His deep roots in Southern California and his unwavering\ncommitment to empowering those around him make him a tremendous asset to the\nculture we are building. In this business, proximity is power, and bringing a\nleader of Mario’s caliber into our tribe will only accelerate the success of\neveryone around him.”\n\nAlvarez’s move reflects a growing trend of top-producing advisors choosing\neXp Commercial for its autonomy, equity participation, and institutional-grade\nsupport.\n\n“Joining eXp Commercial was a strategic decision driven by alignment,”\nsaid Alvarez. “The platform delivers advanced commercial real estate tools\nand innovative technology that elevate how we serve clients. More importantly,\nit fosters a truly collaborative environment — one that extends across the\nUnited States and internationally — creating meaningful opportunities to\nscale. Coupled with experienced leadership that actively partners with\nadvisors, eXp Commercial provides the foundation to build lasting,\ngenerational wealth for both our business and our clients.”\n\nAbout eXp World Holdings, Inc.\neXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp\nCommercial, a nationwide cloud-based commercial real estate brokerage. As a\npublicly traded company, it offers commercial advisors the unique opportunity\nto earn equity awards for meeting production goals and driving company growth.\nWith advanced technology and a global network, eXp Commercial helps advisors\ngrow their businesses and serve clients across commercial sectors like office,\nindustrial, retail, multifamily, land, specialty properties and more. Learn\nmore at https://www.expcommercial.com/ and https://expworldholdings.com.\n\nSafe Harbor and Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. These statements reflect\nthe Company’s and its management’s current expectations but involve known\nand unknown risks and uncertainties that could impact actual results\nmaterially. These statements include, but are not limited to, statements\nregarding the anticipated success of advisors or teams joining eXp Commercial,\nfuture production goals or volume projections, and participation in or\nbenefits derived from the Company’s platform, tools, compensation model, or\nequity programs. Important factors that may cause actual results to differ\nmaterially and adversely from those expressed in forward-looking statements\ninclude real estate market fluctuations, changes in advisor retention or\nrecruitment, competitive pressures, regulatory changes, and other risks\ndetailed from time to time in the Company’s Securities and Exchange\nCommission filings, including but not limited to the most recently filed\nQuarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not\nundertake any obligation to update these statements except as required by law.\n\nMedia Contact\neXp World Holdings, Inc.\nmediarelations@expworldholdings.com\n\nInvestor Relations\nDenise Garcia\ninvestors@expworldholdings.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/087032db-8325-430b-8162-380fc38172d2\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/cc856094-c1ba-46b0-9a20-0aeef1a7d1d3)\nIndustry Veteran Mario J Alvarez Jr Brings $1B+ Track Record to eXp Commercial\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/087032db-8325-430b-8162-380fc38172d2/en)\nWith over $1 billion in individual gross transaction volume and recent\noversight of $5 billion in diverse national inventory, the former Marcus &\nMillichap Market Leader joins eXp to scale his retail and institutional\ninvestment sales practice.\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-06T16:00:00.220723258Z","server_sent_at_ms":1778083200220},"received_at":"2026-05-06T16:00:00.372Z","source_url":null},"analysis":{"id":"18559","press_release_id":"23715","analysis_json":{"industry":{"label":"Real Estate Management & Development","sector":"Real Estate"},"redFlags":[],"eventType":"executive_change","narrative":"eXp Commercial announced the hiring of industry veteran Mario J Alvarez Jr, who brings over 20 years of experience and a personal track record exceeding $1 billion in gross transaction volume.\n\nAlvarez previously served as Market Leader at Marcus & Millichap, where he managed 50 agents and a portfolio featuring over $5 billion in listed inventory across the U.S.\n\neXp Commercial CEO Leo Pareja highlighted the hire as a significant milestone that aligns with the firm's strategy to attract top-tier institutional talent.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Veteran hire validates eXp Commercial's agent-recruitment model."},"keyFigures":{"customDimensions":{"agents_overseen":50,"experience_years":20,"listed_inventory":"$5 billion","transactions_managed":415,"career_gross_transaction_volume":"$1 billion"}},"quotedText":"“Mario pairs a massive $1 billion track record with a rare entrepreneurial spirit that is exactly what we look for at eXp,” said Leo Pareja","namedEntities":{"people":[{"name":"Mario J Alvarez Jr","role":"Industry Veteran / New Hire"},{"name":"Leo Pareja","role":"CEO of eXp Commercial"},{"name":"Denise Garcia","role":"Investor Relations"}],"products":[],"companies":[{"name":"eXp Commercial","relationship":"subsidiary"},{"name":"eXp World Holdings, Inc.","ticker":"EXPI","relationship":"parent company"},{"name":"Marcus & Millichap","relationship":"former employer"},{"name":"NAI Capital","relationship":"former employer"},{"name":"Newmark","relationship":"former employer"}],"dollarAmounts":[{"amount":"$1 billion","context":"career gross transaction volume"},{"amount":"$5 billion","context":"listed inventory overseen at Marcus & Millichap"}]},"materialImpact":{"score":2,"reasoning":"The hiring of a single high-producing agent is a positive operational development but does not constitute a market-moving event. The $1B career track record is an individual metric, not a company-wide financial shift."},"tickerRelevance":{"others":[],"primary":"EXPI"},"globalImportance":15,"audienceRelevance":35,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap-retail-favorite","eventGravity":"senior-hire","sectorWeight":"real-estate"}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"eXp Commercial announced the hiring of industry veteran Mario J Alvarez Jr, who brings over 20 years of experience and a personal track record exceeding $1 billion in gross transaction volume.\n\nAlvarez previously served as Market Leader at Marcus & Millichap, where he managed 50 agents and a portfolio featuring over $5 billion in listed inventory across the U.S.\n\neXp Commercial CEO Leo Pareja highlighted the hire as a significant milestone that aligns with the firm's strategy to attract top-tier institutional talent.","key_figures":{"customDimensions":{"agents_overseen":50,"experience_years":20,"listed_inventory":"$5 billion","transactions_managed":415,"career_gross_transaction_volume":"$1 billion"}},"named_entities":{"people":[{"name":"Mario J Alvarez Jr","role":"Industry Veteran / New Hire"},{"name":"Leo Pareja","role":"CEO of eXp Commercial"},{"name":"Denise Garcia","role":"Investor Relations"}],"products":[],"companies":[{"name":"eXp Commercial","relationship":"subsidiary"},{"name":"eXp World Holdings, Inc.","ticker":"EXPI","relationship":"parent company"},{"name":"Marcus & Millichap","relationship":"former employer"},{"name":"NAI Capital","relationship":"former employer"},{"name":"Newmark","relationship":"former employer"}],"dollarAmounts":[{"amount":"$1 billion","context":"career gross transaction volume"},{"amount":"$5 billion","context":"listed inventory overseen at Marcus & Millichap"}]},"model_name":"glm-4.7","prompt_hash":"sha256:6c7fa2f5e3b62e83","schema_hash":"sha256:ee8f711bc9bfba0d","created_at":"2026-05-07T10:06:46.125Z","global_importance":15,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap-retail-favorite","eventGravity":"senior-hire","sectorWeight":"real-estate"}},"durationMs":null,"modelName":"glm-4.7"}}