Berkadia announced the acquisition of Central Park Capital Partners (CPCP), a boutique real estate capital advisory firm focused on arranging joint venture investments and structured capital from international and domestic institutional and qualified capital sources.
CPCP’s Founder and Managing Principal Noam Franklin and Principals Chinmay Bhatt and Cody Kirkpatrick will launch Berkadia’s Structured Capital Group.
Franklin and Bhatt will be based out of Berkadia’s New York City headquarters, while Kirkpatrick will operate out of Denver.
“With our acquisition of Central Park Capital Partners, we’re redoubling our efforts to make the accessibility of joint venture and structured capital a true differentiator with new levels of personalization and customization for the mutual benefit of our clients,” said Berkadia CEO Justin Wheeler.
“As the cycle matures and deal structures become more sophisticated, tapping into a wide range of joint venture capital is critical to our clients.
“With the launch of Berkadia’s Structured Capital Group, we’re truly a one-stop shop — enabling clients to take advantage of competitive opportunities in the market in a more streamlined manner and driving greater value.”
In 2018, Berkadia completed over $34 billion in combined mortgage and investments sales across more than 1,800 transactions.