DENVER – April 20, 2018 – Berkadia today announced the addition of Director Timothy Bracken to the Affordable Housing team, expanding the group’s capabilities with a solid investment sales presence. Bracken will be based out of the firm’s Denver office, reporting to Senior Vice President and Head of Investment Sales Keith Misner.
“Tim comes to Berkadia from one the nation’s leading multifamily investment shops. His knowledge and experience, particularly in the affordable arena, is industry leading,” said Misner. “Berkadia’s affordable housing team is among the most innovative in the industry. With the addition of Tim, the team continues to expand our offering of unique, customized investment and financing opportunities to our clients.”
Bracken brings more than 15 years of commercial real estate experience in institutional debt and equity investment across dispositions, acquisitions, financing and asset management functions, with a particular focus on multifamily. In this time, he has transacted on 46 properties totaling 6,500 units and $340 million.
“The affordable housing sector poses unique challenges and opportunities for those who are able to anticipate the market,” said Bracken. “Berkadia’s Affordable Housing team is not only accomplished but also forward-looking. I am eager to bring my skills and experience to bear and continue to move this team, and our industry, forward in order to bring solid affordable housing options to those who need them.”
Prior to joining Berkadia, Bracken was Vice President for Alden Torch Financial, the nation’s largest LIHTC apartment investor. In this role, he executed disposition and acquisition initiatives and co-led a HUD portfolio refinance totaling $150 million in new loan proceeds. Before Alden, Bracken served as Director and Head of Asset Management at JCR Capital. He founded and oversaw the firm’s asset management platform, which included opportunistic value-add multifamily, industrial, retail, office and land projects.
Bracken earned his MBA from the University of Colorado Boulder and a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign.