HOUSTON, TX – February 11, 2021 – Berkadia announced today the addition of a new investment sales team to its Houston office, bringing on board Senior Managing Directors Chris Curry and Todd Marix, and Senior Directors Joey Rippel and Chris Young. The team is an established regional leader in multifamily sales. They will work closely with Berkadia’s Houston mortgage banking team, led by Senior Managing Director Tucker Knight, and will report to Co-Head of Investment Sales Keith Misner.
“Chris, Todd, Joey and Chris are among the best in the business when it comes to providing stellar client service and executing sales, and their track record proves it,” said Misner. “With sales activity picking up dramatically in 4Q20 into the start of 2021, and Texas emerging as a multifamily hotspot for investors from across the spectrum, we’re excited to have this team on board to bring our clients the expertise, experience and insight that is essential to capitalizing on opportunities in the coming months and years.”
Berkadia had a record-breaking month for investment sales activity in December 2020, closing nearly $2 billion in sales, consistent with an overall industry spike. Increased activity across the industry in December powered the fourth quarter to a total of $42.3 billion in investment sales, a 63 percent increase from the third quarter, according to RCA.
“Houston and the surrounding markets remain resilient and dynamic, and as we look ahead to 2021 and beyond, we are optimistic about what that means for the multifamily sector,” said Curry. “We want to bring the best suite of resources and support to our clients, and now as a part of Berkadia’s robust investment sales platform, we’re confident that we can bring best-in-class services and solutions to our clients to help them achieve their long-term goals.”
The team joins Berkadia from JLL, where they were among the company’s top performing investment sales groups nationally. They work with a diverse client base, including institutions, private capital, developers, special servicers and government institutions, across all multifamily asset classes.
“Our goal in the Houston office, and across Berkadia, is always to be providing our clients the best opportunities, backed by the best resources and talent in the industry,” said Knight. “Chris, Todd, Joey and Chris are deeply trusted by investors and respected by their peers for their experience and collaborative approach. They are a tremendous addition to our Houston team.”
Berkadia continues to aggressively add talent and resources to its platform, most recently with the acquisition of the apartment brokerage arm of Moran & Company, bringing on the entire 31-member Moran team, including 15 dedicated institutional sales advisors, to launch Berkadia Institutional Solutions, powered by Moran.