Photo by University of Washington

NEW YORK CITY–When Berkadia’s student housing team shut the doors to their offices on Thursday night of June 8, they could tally up 89 transaction they had closed in the sector, totaling slightly less than $2 billion. On the next day, they were expecting to close transaction no. 90, pushing the group’s total over $2 billion. Assuming the transaction went through, Berkadia has added another notch to its capital markets portfolio for this rapidly-growing niche.