Preston Reid joined Berkadia’s Tampa office as a Managing Director in 2019. Mr. Reid has 15 years of experience in commercial real estate with a primary focus on growing Berkadia’s Hotels & Hospitality Team.
Throughout his career, Preston has completed over $3 billion of hotel transactions. Preston also has extensive knowledge of other asset classes. He has closed over $1.8 billion of multi-housing transactions, as well as over $250 million of commercial transactions, including office, industrial and retail. Representative transactions include the $185 million sale of the Renaissance Vinoy Resort & Golf Club, the $146 million sale of the Grand Hyatt Tampa Bay, the $123 million sale of Hilton Downtown Tampa, the $100 million sale of the Grand Plaza & Beachcomber St. Pete Beach, and the $86 million sale of the SpringHill Suites Panama City Beach. Most recently Mr. Reid’s team sold The CURRENT, Autograph Collection for $85 million, or $472,000 per key, a record setting per key price in Hillsborough County.
Prior to joining Berkadia, Preston was a Senior Director in the Tampa office of HFF, LP. Before HFF, Preston worked at JP Morgan’s CMBS Investment Banking Group, Wells Fargo’s Real Estate Banking Group and SunTrust Robinson Humphrey’s Real Estate Investment Banking Group. Preston graduated from University of Florida where he earned a degree in Finance. While at the University of Florida, Preston was a Teaching Assistant for the undergraduate Business Finance course and worked for the Athletic Association tutoring University of Florida athletes in Finance and Managerial Accounting. Preston resides in Tampa, FL with his wife and two children.
Education & Certifications
- B.S. Finance, University of Florida
Affiliations & Memberships
- Society of Real Estate Professionals – Founder and Past President
- UF Bergstrom Council Atlanta – Past President
Industry Specialization & Skills
- Debt & Equity Placement
Awards & Notability
- Co-Star Power Broker