CHICAGO--(BUSINESS WIRE)--Please replace the release dated August 17, 2015 with the following corrected version due to multiple revisions.
The corrected release reads:
BERKADIA EXPANDS INVESTMENT SALES FOOTPRINT IN MIDWEST WITH ADDITION OF TWELVE NEW TEAM MEMBERS
New hires bolster Berkadia’s investment sales presence across three key Midwest real estate hubs
Berkadia, an industry-leading commercial real estate company, today announced the expansion of its multifamily investment sales team with 12 new hires across the Midwest. The new additions, all joining from Marcus & Millichap, include nine multifamily investment sales advisors and three supporting team members, who will be located in Berkadia’s Chicago, St. Louis and Kansas City, Missouri offices. In the last 12 months, the team has closed 31 transactions totaling more than $300 million.
Eight of the new hires will join the Chicago office, expanding the existing office by nearly one-third of its original size, bringing the total number of mortgage banking and investment sales professionals to 36. The investment sales team joins the already established Berkadia mortgage banking team, making it a fully integrated regional office. Senior Directors David Gaines and Alex Blagojevich, along with Director Michael Sullivan, are the leaders of the coordinated team. In total, the group has brokered more than $1 billion in the sale of over 17,000 units across the Midwest.
Across Berkadia's 70 offices, multifamily investment sales and mortgage banking production exceeded $17 billion in 2014. Sales and finance volumes are on pace to surpass this number for the current calendar year.
“While we have steadily expanded our investment sales team, this wave of new hires provides Berkadia’s Midwest investment sales platform with a tremendous boost in market share, capabilities and resources. We are thrilled to have such a large and tenured group join our team and together work to grow Berkadia’s footprint in the Midwest, including refocusing our efforts in the greater Chicago marketplace,” said Brent Long, President of Investment Sales at Berkadia. “Berkadia is committed to constantly enhancing our integrated investment sales, mortgage banking, and servicing platform and recruiting best-in-class talent.”
Gaines and Blagojevich have investment sales experience across several states, including Illinois, Indiana, Wisconsin, Missouri, Kansas, Iowa and Nebraska. Prior to joining Berkadia, both served as Vice President Investments and Senior Directors for the National Multi-Housing Group at Marcus & Millichap. In addition, both were four-time recipients of the National Achievement Award, six-time recipients of the Sales Recognition Award, and each was recognized twice as top-30 agents in the National Multi-Housing Group. Blagojevich recently worked on a sale totaling $57.5 million, encompassing 1,036 units over three properties across state lines.
“What sets Berkadia apart is their unparalleled integrated capital markets platform, access to extensive proprietary market data and resources, as well as unwavering dedication to exceptional client service,” Gaines said. “I look forward to joining their already extensive Midwest presence and leveraging my experience to help increase their market share and serve their current and future clients.”
Sullivan, who will be joining the Kansas City, Missouri office, brings 12 years of commercial real estate experience to Berkadia. Prior to joining the firm, he served as a Senior Associate at Marcus & Millichap.
Berkadia's investment sales team has also added six Associate Directors: Grant Kollman and Brett Meinzer to the Kansas City office, Patrick Sullivan to the St. Louis office and Greg Gonzalez, Chris Bruzas and William Ryan to the Chicago office. The Chicago office also welcomes Greg Bloomer as a marketing assistant, Robert Perez as an analyst and Brynne Barnard as a transaction manager.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is among the largest, highest rated and most respected primary, master and special servicers in the industry.
As a Freddie Mac Program Plus lender, Fannie Mae DUS(r) Multifamily Seller/Servicer, insurance company correspondent, and HUD, MAP and LEAN originator and servicer, Berkadia provides access to capital and flexible, customized lending and servicing solutions for the acquisition, construction, rehabilitation and refinance of multifamily and commercial properties. Berkadia also provides interim and short-term financing through its Proprietary Bridge Lending Program. To learn more about Berkadia, please visit www.berkadia.com.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.