New York & Tri-State + Midtown New York + Finance | January 10, 2022

Berkadia’s JV Equity & Structured Capital Team Marks Record-Breaking 2021

Berkadia JV Equity & Structured Capital marked a record-breaking year in 2021, having capitalized more than $2 billion in property transactions. The team, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, sourced institutional equity partners for 49 commercial real estate transactions across the country, including market rate multifamily acquisitions, ground-up multifamily projects, single-family-rental/build-to-rent communities, hotel-to-multifamily conversions, student housing assets and property recapitalizations.

Since being acquired by Berkadia in 2019, the team has capitalized more than $3 billion in property transactions across 18 different states.

“This has been one of the most active years ever for our team on account of the red-hot multifamily market,” said Bhatt. “There’s more capital than ever chasing multifamily deals, including a lot of foreign capital sources which previously focused on office and retail assets. Given these dynamics, we anticipate 2022 will be another strong year across the residential spectrum.”

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Berkadia JV Equity & Structured Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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