SAN DIEGO—Millennials and baby boomers continue to be the unstoppable force behind the multifamily market. For Berkadia, that growth has led to major expansion and growth for the company, which does a significant amount of business with Freddie Mac, Fannie Mae and HUD. While the year ahead may mean changes to the government agencies as a result of the new administration, Berkadia isn’t shifting its business strategy. Instead, Ernie Katai, EVP and head of production at Berkadia, says that the firm will diversify, as it has done in the past, to mitigate risk.
At the MBA CREF Multifamily conference earlier this week, we sat down with Katai to discuss the multifamily market and the firm’s rapid growth. Watch the video to hear more about the drivers behind Berkadia’s impressive year, why millennials and baby boomers continue to drive multifamily and how the new presidential administration is impacting, or expected to impact, their business.