Berkadia Commercial Mortgage LLC (Berkadia), one of the nation's leading
commercial real estate lenders and servicers, today announced the expansion of
its U.S. presence through its acquisition of Hendricks & Partners.
With 37 offices nationwide, Hendricks & Partners' encompasses more than 180
apartment professionals throughout the country. The firm is regarded as a
leader in U.S. apartment sales and one of the largest providers of apartment
research in the country. Headquartered in Phoenix, Arizona and founded in
1995 by Chairman and CEO Don Hendricks, the firm has grown to become one of
the largest privately held multifamily investment sales platforms in the
nation. The acquisition closed on December 31, 2012.
“Our industry continues to evolve toward providing as many services as
possible to our customers and we are pleased to welcome Don and the rest of
the Hendricks team to our Berkadia family. In this new partnership we see
tremendous opportunities to not only expand our existing client relationships
with the offer of additional services, but also to build new relationships in
the commercial real estate industry,” said Hugh Frater, CEO of Berkadia.
"Since the company was formed back in 2009, Berkadia has been able to steadily
grow its strength and presence in the commercial real estate industry," said
Warren Buffett, Berkshire Hathaway Inc. Chairman and CEO. "We see Berkadia's
acquisition of Hendricks as another significant step in the growth of their
multifamily expertise and services."
Effective immediately, Hendricks & Partners will operate under the name
Hendricks-Berkadia, apartment real estate advisors, forming another major
business unit next to Berkadia's loan servicing, mortgage origination and
proprietary lending operations. Current Hendricks & Partners CEO, Don
Hendricks, will join Berkadia's Executive Committee as the CEO of
Hendricks-Berkadia and Executive Vice President of Berkadia.
Hendricks-Berkadia will continue to be headquartered in Phoenix.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in