Berkshire Mortgage Venture Hires Team for Texas Apartment Deals

Berkadia Commercial Mortgage LLC , the joint venture of Berkshire Hathaway Inc. and Leucadia National Corp., hired a team from Marcus & Millichap Inc. to expand in Texas.

William Jarnagin, Michael Ware and Taylor Hill joined the firm as senior directors, Berkadia said Monday in a statement. The three previously worked at Marcus & Millichap’s Dallas office, focusing on multifamily properties, and together completed sales covering more than 12,300 units, according to the statement.

“This group of professionals has worked together for many years and their track record speaks for itself,” Brent Long, president of investment sales at Berkadia, said in the statement. “Their addition immediately broadens our expertise in the Texas market.”

Berkadia is pursuing growth under Justin Wheeler, the former Leucadia manager who was named chief executive officer of the mortgage venture this year. Loan originations exceeded $13 billion last year at the operation, which expanded in the apartment market with the purchase in late 2012 of Hendricks & Partners.

A representative for Marcus & Millichap didn’t immediately return a message seeking comment.

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