“We haven't seen these levels from a transacation and activity standpoint since before the downturn,” he says. “Philadelphia is a growing, growing market. The amount of supply coming on the market is at levels we haven't seen in over than ten years. Furthermore, the amount of capital that was focused on primary markets like DC or LA, are now shifting their attention to Philadelphia because of the cost of the product, and the yield is higher.”

“Matt's decision to join and build out Berkadia's apartment sales team immediately strengthens our capabilities in Philadelphia,” says Misner. “We're looking forward to further demonstrating our investment sales platform to our Philadelphia clients, who are already familiar with the strength of our mortgage banking unit.”

Stefanski will work alongside Bob Falese, who leads the office's mortgage banking team. The Philadelphia team has arranged over $2 billion in financing annually for the last three years.

“Our team looks forward to collaborating with Matt and offering an enhanced level of service to our clients,” says Falese. “With seven established mortgage bankers and a deep bench, we will surely continue to grow in coming months. Matt's expertise and reputation make him the perfect fit for this responsibility.”

Most recently, Stefanski spent six years as vice president of CBRE's Philadelphia multifamily team, specializing in the sale of apartment properties throughout the region. In that role, he was involved in more than $1.5 billion in transactions.

Stefanski holds a Bachelor of Science degree in Business from Penn State University. He currently serves on the business advisory board for Rosemont College and is a member of the Pennsylvania Apartment Association East.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

PHILADELPHIA—CBRE vice president Matt Stefanski is jumping ship to help Warren Buffett's Berkadia expand its investment sales platform in Philadelphia. Stefanski will be a managing director based in the Philadelphia office and will report to Keith Misner, Berkadia's national head of investment sales.

“It was obviously a very difficult decision to leave CBRE,” Stefanski tells GlobeSt.com exclusively. “It was a once-in-career opportunity that was presented to me to help grow an investment sales team from the ground floor.”

Stefanski will be responsible for expanding Berkadia's sales platform regionally. Berkadia says Stefanski's hiring sets the stage for increased production activity on both a regional and national level as Berkadia seeks to grow its reach. Berkadia is a joint venture of Berkshire Hathaway and Leucadia National Corporation.

Activity in the market is high, and it's an ideal time to build out the Berkadia franchise in Philadelphia, Stefanski says.

“We haven't seen these levels from a transacation and activity standpoint since before the downturn,” he says. “Philadelphia is a growing, growing market. The amount of supply coming on the market is at levels we haven't seen in over than ten years. Furthermore, the amount of capital that was focused on primary markets like DC or LA, are now shifting their attention to Philadelphia because of the cost of the product, and the yield is higher.”

“Matt's decision to join and build out Berkadia's apartment sales team immediately strengthens our capabilities in Philadelphia,” says Misner. “We're looking forward to further demonstrating our investment sales platform to our Philadelphia clients, who are already familiar with the strength of our mortgage banking unit.”

Stefanski will work alongside Bob Falese, who leads the office's mortgage banking team. The Philadelphia team has arranged over $2 billion in financing annually for the last three years.

“Our team looks forward to collaborating with Matt and offering an enhanced level of service to our clients,” says Falese. “With seven established mortgage bankers and a deep bench, we will surely continue to grow in coming months. Matt's expertise and reputation make him the perfect fit for this responsibility.”

Most recently, Stefanski spent six years as vice president of CBRE's Philadelphia multifamily team, specializing in the sale of apartment properties throughout the region. In that role, he was involved in more than $1.5 billion in transactions.

Stefanski holds a Bachelor of Science degree in Business from Penn State University. He currently serves on the business advisory board for Rosemont College and is a member of the Pennsylvania Apartment Association East.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.