Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Berkadia Acquires One of the Nation’s Largest Multifamily Investment Sales and Research Firms, Hendricks & Partners



  Berkadia Acquires One of the Nation’s Largest Multifamily Investment Sales
  and Research Firms, Hendricks & Partners

Business Wire

HORSHAM, Pa. -- January 9, 2013

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.

“We are thrilled to be joining the team at Berkadia and bring aboard our broad
array of investment sales and research capabilities to their borrower and
investor client bases,” said Don Hendricks. “Combining Hendricks & Partners
and Berkadia, the best sponsored company in the mortgage banking industry,
enables us to build a first-class commercial real estate platform offering a
wide array of capital solutions to multifamily owners and investors
nationwide.”

About Berkadia™:

Berkadia Commercial Mortgage LLC, a joint venture between Berkshire Hathaway
Inc. and Leucadia National Corporation, is one of the most prominent lenders
in the commercial real estate industry and a highly rated special, master and
primary servicer managing a portfolio of more than $200 billion as of year-end
2012. As a correspondent for insurance companies and other institutional
lenders and a leading approved lender for Fannie Mae, Freddie Mac and HUD/FHA,
Berkadia offers clients access to capital for the acquisition, construction,
rehabilitation or refinance of multifamily and commercial real estate
properties.    

To learn more about Berkadia, please visit www.berkadia.com.

About Berkshire Hathaway Inc.:

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a
number of diverse business activities including property and casualty
insurance and reinsurance, utilities and energy, manufacturing, retailing and
services.  Common stock of the company is listed on the New York Stock
Exchange, trading symbols BRK.A and BRK.B.

About Leucadia National Corporation:

Leucadia National Corporation (NYSE: LUK) is a diversified holding company
engaged through its consolidated subsidiaries in a variety of businesses,
including beef processing, manufacturing, gaming entertainment, real estate
activities, medical product development and winery operations.

Contact:

Bliss Integrated Communication
Meghan Warren, 212-584-5469
meghan@blissintegrated.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement