October 2, 2019
Berkadia expanded its affordable housing capabilities with the addition of a tax credit syndication and advisory platform. The tax credit team joins New York-based Berkadia from Riverside Capital, in which Berkadia invested in 2018.
“This expansion not only gives Berkadia the opportunity to cement our position as a leader in the affordable housing space, but it allows us to dig even deeper and better serve a specialized niche of developers and investors who are working diligently to meet the need of additional affordable housing units across the country,” said Berkadia CEO Justin Wheeler.
Since the collaboration with Riverside began in 2018, Berkadia has expanded its capabilities in the affordable space with the strategic hiring of mortgage bankers and investment sales advisors across the country. The company has also placed tax credit equity through Riverside, as well as through conventional joint venture equity solutions.
Pictured: Berkadia headquarters, 521 Fifth Ave. in Midtown Manhattan.
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