Washington, D.C. – September 22, 2021 – Berkadia announced today the addition of a new investment sales team to its D.C. Metro office, bringing on board Senior Managing Directors Walter Coker and Brian Crivella. Coker and Crivella are regional leaders in multifamily sales, having executed over 200 sale and recapitalization transactions representing in excess of $15 billion of value and more than 40,000 units across their careers. They join an already robust investment sales team and will serve in a leadership capacity. The team will work closely with Berkadia’s D.C. Metro mortgage banking team and will report to Co-Head of Investment Sales Keith Misner.
“The D.C. Metro area, and the Mid-Atlantic region as a whole, is a mainstay for institutional and private client apartment investment activity. We have seen groundbreaking sales this year and the region is poised to continue to be a sought-after location for investment, which is why it is vital that we have the best talent on our team to support clients looking to transact in the market,” said Misner. “Few people are as experienced in the Mid-Atlantic region as Walter and Brian, and we’re thrilled to add them as leaders to our already powerhouse team in our D.C. Metro office. As we look ahead to what we know will be an incredibly active end of the year, and what we expect to be an equally active start of 2022, we’re confident that we’re bringing the best talent and opportunities to the table to enable our clients to achieve their goals.”
Berkadia has had a record-breaking investment sales year so far, closing more than $12 billion in investments sales across 400 transactions to date. The Mid-Atlantic region alone has totaled more than $1 billion across 35 transactions. This success comes on the heels of Berkadia’s increased commitment to serving institutional clients, who have played an outsized role in the industry’s post-COVID rebound. At the start of the year, Berkadia acquired the apartment brokerage arm of Moran and Company, launching Berkadia Institutional Solutions, powered by Moran. The platform has continued to expand, adding new institutional sales talent and supporting infrastructure and Coker and Crivella will continue to fuel the already impressive growth.
“Berkadia’s talent, technology and resources are truly industry leading,” said Coker. “In today’s competitive market, the velocity of transactions is higher than ever and demands the highest level of experience and expertise to execute successfully on behalf of clients. We strive to bring our clients the best insight and advice, and now as a part of Berkadia’s robust investment sales platform, we’re more confident than ever in our ability to do just that.”
“We started our careers on the debt placement side and continue to do a lot of work sourcing joint venture equity for clients, so we understand the importance of having the backing and support of a full-service platform,” said Crivella. “Our experience has given us a true understanding of the integral role of financing, which is why we’re especially excited to join Berkadia. Berkadia’s mortgage banking platform is unparalleled in the business, and we’re excited to work alongside Patrick McGlohn and the talented mortgage banking teams across the company, to bring our clients the best solutions to suit their needs.”
Coker and Crivella join Berkadia from JLL, where they were co-heads of the mid-Atlantic Investment Advisory & Equity Placement for JLL Capital Markets. They specialize in investment advisory and equity advisory of multi-housing properties and portfolios in the Mid-Atlantic region, with more than 30 years of combined experience.
“We are thrilled to have Walter and Brian join Berkadia,” said Hilary Provinse, SVP Head of Mortgage Banking. “Our goal in the D.C. Metro office, and across the Berkadia platform, is to provide our clients the best opportunities, execution, and talent in the industry. Walter and Brian have earned the respect and trust of their clients by consistently executing at the highest level. The D.C. Metro office has been in growth mode over the past several years, and I’m looking forward to having them join our elite mortgage banking team here at Berkadia.”