NJ 2022 End of Year Brochure

Berkadia New Jersey Investment Sales

2022 YEAR IN REVIEW

2022 TRANSACTIONS

NEW JERSEY

INVESTMENT SALES As we reflect on the past year, it has been a challenging but successful one for New Jersey Multifamily. Despite the difficulties presented by rising interest rates, we have been able to navigate the market and close successful transactions for our clients.

Looking ahead to 2023 the mantra has never been truer: “people need a place to live.” We anticipate continued growth in rents as well as strong absorption in new construction buildings. The rise in interest rates has made home purchasing less attainable bearing well for the rental market.

Nat Gambuzza

Senior Managing Director 973.809.1755 | nat.gambuzza@berkadia.com

Spencer Beriont

Trevor Fiebel

Tim Blashford

Mike O’Reilly

Brian Antognini

Andra Theriot

Senior Director 908.328.4494 spencer.beriont@berkadia.com

Senior Financial Analyst 201.625.5975 mike.o’reilly@berkadia.com

Senior Director 908.285.6921 trevor.fiebel@berkadia.com

Senior Transaction Manager 201.739.2331 brian.antognini@berkadia.com

Director 201.396.6253 tim.blashford@berkadia.com

Marketing Project Manager 346.444.8972 andra.theriot@berkadia.com

2022 TRANSACTIONS PASSAIC COUNTY 10 Units | $1,500,000

BERGEN COUNTY 71 Units | $20,050,000

NEW YORK 227 Units | $42,500,000

MORRIS COUNTY 214 Units | $75,000,000

ESSEX COUNTY 384 Units | $75,358,000

UNION COUNTY

SOMERSET COUNTY

275 Units | $43,850,000

203 Units | $22,650,000

MONMOUTH COUNTY 161 Units | $41,000,000

DELAWARE 192 Units | $34,000,000

CAMDEN COUNTY 80 Units | $9,300,000

GLOUCESTER COUNTY 174 Units | $22,750,000

ATLANTIC COUNTY 114 Units | $22,000,000

52%

51%

Deals Completed with Buyers New to Market

34

TRANSACTIONS

PENNSYLVANIA 44 Units | $6,050,000

Deals With Hard Contract at Signing

2,149 UNITS

416M+

$

VOLUME

TRANSACTION HIGHLIGHTS Garnerville, NJ

Woodbury, NJ

$42,500,000

$22,750,000

227 Units COE Date - 1/5/22

174 Units COE Date - 2/25/22

Lindenwold, NJ

Newark, NJ

$9,300,000

$26,000,000

80 Units COE Date - 1/28/22

191 Units COE Date - 3/8/22

Rutherford, NJ

East Orange, NJ

$10,525,000

$13,100,000

41 Units COE Date - 2/2/22

44 Units COE Date - 4/29/22

Nutley, NJ

Hammonton, NJ

$16,700,000

$10,500,000

65 Units COE Date - 2/2/22

42 Units COE Date - 6/14/22

Montclair, NJ

Hammonton, NJ

$10,275,000

$11,500,000

40 Units COE Date - 2/2/22

72 Units COE Date - 6/14/22

Somerville, NJ

Dover, NJ

$9,650,000

$75,000,000

72 Units COE Date - 2/24/22

214 Units COE Date - 7/25/22

CORPORATE SNAPSHOT

Berkadia is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Powered by deep relationships and industry-changing technology, our people sell, finance, and service commercial real estate, providing support for the entire life cycle of our clients’ assets.

Our unique ownership structure allows us to put our clients’ interests first and create a marketplace that delivers a superior experience.

Expertise Our coverage is broad, and our knowledge is deep. From acquisition to disposition, we service all commercial property types including multifamily, retail, office, industrial, affordable housing, seniors housing, hotels, student housing, and

2,750+ 70+ team members

manufactured housing.

locations throughout the United States and India

The Numbers

57B

265B

104B

$

$

$

In 2022, our combined Mortgage Banking, Investment Sales and JV Equity Placement volume exceeded $57 billion.

Since 2009, our Mortgage Banking division has closed more than 15,700 transactions totaling $265 billion.

Since 2013, our Investment Sales division has closed more than 4,700 transactions totaling $104 billion.

Largest

Berkadia ranks as the largest non-bank commercial mortgage servicer in the nation.*

*Based on the most recent MBA Commercial/Multifamily Mortgage Servicer Rankings.

CORPORATE SNAPSHOT Because we advise, finance and service, we give clients a totally seamless experience.

Mortgage Banking With a deep bench of experienced mortgage banking professionals across the country, Berkadia has the capability to provide debt and equity solutions for commercial real estate encompassing

2022

35B

$

in total loan production

all sizes and geographies. Our capital sources enable short, intermediate and long-term solutions to meet your needs in the acquisition, refinance, rehabilitation and repositioning of your assets.

Investment Sales Berkadia’s comprehensive investment sales platform combines industry-leading market research and advanced technology with an elite team of skilled investment advisors. In addition to a

2022

22B

$

in total sales volume

successful focus on multifamily owners, properties and markets, our investment sales expertise also extends to the hotels and

17B

1,645

638

800

$

combined agency production

total transactions

loans closed

listings taken

hospitality, land, medical and life sciences, seniors housing and healthcare, single-family rental and built-for-rent and student housing sectors.

Servicing Berkadia’s multi-cycle industry knowledge and experience in managing diverse portfolios enable us to deliver seamless service and customized solutions. Our servicing operations expertly handle all aspects of servicing – from loan boarding through resolution and everything in between, supporting all products and property types across all market sectors.

Rating agencies, lenders and borrowers all recognize us as industry-leading for our systems, processes, data security,

2022

393B 20,968

$

servicing UPB

loans serviced

Primary Servicer Ratings Standard & Poors: STRONG Morningstar/DBRS MOR: CS1 Fitch: CPS1

service and experience. With our people and technology, we go beyond any standard in personalized customer service and client satisfaction.

BERKADIA.COM / 800.446.2226 a Berkshire Hathaway and Jefferies Financial Group company © 2023 Berkadia Proprietary Holding LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. In California, Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. #01931050. For state licensing details for the above entities, visit www.berkadia.com/legal/licensing / 0123 23-033MH.

NE W JERSE Y 89 Headquarters Plaza North | Suite 320 | Morristown, NJ 07960

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.

Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The presence of molds may adversely affect the property and the health of some. If you have questions or concerns regarding this issue conduct further inspections by a qualified professional. © 2023 Berkadia Real Estate Advisors Inc. Berkadia® is a trademark of Berkadia Proprietary Holding LLC Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Adrienne Barr, CA DRE Lic. # 01308753. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details, visit: https://www.berkadia.com/licensing