(BRK.A), (BRK.B)
One of the top multifamily investment sales teams in the Western U.S. has joined Berkadia. The additions include two Managing Directors, Ed Rosen and John Chu, who previously served as executive directors for Cushman & Wakefield.
Rosen and Chu will lead a team of three additional members in Berkadia’s newly expanded regional San Diego office. Combined their team has completed the sale of more than 80,000 units with a value in excess of more than $12 billion. Collectively the five–person team brings with them more than 70 years of multifamily sales experience.
The duo of Rosen and Chu are known as the dominant multifamily advisors in the San Diego marketplace, where they have been ranked as top producers for the past 20 years. Rosen and Chu specialize in the representation of large, institutional-sized deals and have completed sales in excess of $1.6 billion over the past 36 months.
“The addition of Ed and John demonstrates Berkadia’s continued commitment to bring the best advisors to its integrated mortgage banking, investment sales and servicing platform,” said Brent Long, President of Investment Sales at Berkadia. “We are thrilled to welcome them to our investment sales team in San Diego as we continue to grow our presence and service offerings in the Southern California commercial real estate market.”
Team member, Kyle Pinkalla, joins Berkadia as a Director and will concentrate on the larger institutional grade assets. He has been active in the multifamily sector for more than 10 years.
Erin Dammen, Vice President, will assist with marketing and client relations. She has been in the real estate industry for more than seven years.
Tyler Sinks, Associate Director, will assist the team on mid- to large-size private capital assets in the greater San Diego area.
About Berkadia
Berkadia is a third-party commercial mortgage servicer, as well as an approved lender for Fannie Mae, Freddie Mac, and HUD/FHA. The company was among the top Freddie Mac and Fannie Mae multifamily lenders for 2013. Across the company’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.
Berkadia was founded in 2009 as a 50/50 joint venture between Berkshire Hathaway and Leucadia National Corporation.
© 2015 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.