NJ 2022 End of Year Brochure

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Berkadia N ew Jersey Investment Sales

2022 YEAR IN REVIEW

2022 TRANSACTIONS

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.

INVESTMENT SALES NEW JERSEY Spencer Beriont Senior Director 908.328.4494 spencer.beriont@berkadia.com Nat Gambuzza Senior Managing Director 973.809.1755 | nat.gambuzza@berkadia.com Trevor Fiebel Senior Director 908.285.6921 trevor.fiebel@berkadia.com Tim Blashford Director 201.396.6253 tim.blashford@berkadia.com Andra Theriot Marketing Project Manager 346.444.8972 andra.theriot@berkadia.com Mike O’Reilly Senior Financial Analyst 201.625.5975 mike.o’reilly@berkadia.com Brian Antognini Senior Transaction Manager 201.739.2331 brian.antognini@berkadia.com
52% Deals Completed with Buyers New to Market 51% Deals With Hard Contract at Signing 34 TRANSACTIONS 2,149 UNITS $416M+ VOLUME ATLANTIC COUNTY 114 Units | $22,000,000 BERGEN COUNTY 71 Units | $20,050,000 CAMDEN COUNTY 80 Units | $9,300,000 ESSEX COUNTY 384 Units | $75,358,000 MONMOUTH COUNTY 161 Units | $41,000,000 GLOUCESTER COUNTY 174 Units | $22,750,000 MORRIS COUNTY 214 Units | $75,000,000 PASSAIC COUNTY 10 Units | $1,500,000 SOMERSET COUNTY 203 Units | $22,650,000 UNION COUNTY 275 Units | $43,850,000 NEW YORK 227 Units | $42,500,000 DELAWARE 192 Units | $34,000,000 PENNSYLVANIA 44 Units | $6,050,000
2022 TRANSACTIONS
TRANSACTION HIGHLIGHTS Garnerville, NJ $42,500,000 227 Units COE Date - 1/5/22 Woodbury, NJ $22,750,000 174 Units COE Date - 2/25/22 Lindenwold, NJ $9,300,000 80 Units COE Date - 1/28/22 Newark, NJ $26,000,000 191 Units COE Date - 3/8/22 Rutherford, NJ $10,525,000 41 Units COE Date - 2/2/22 East Orange, NJ $13,100,000 44 Units COE Date - 4/29/22 Nutley, NJ $16,700,000 65 Units COE Date - 2/2/22 Hammonton, NJ $10,500,000 42 Units COE Date - 6/14/22 Montclair, NJ $10,275,000 40 Units COE Date - 2/2/22 Hammonton, NJ $11,500,000 72 Units COE Date - 6/14/22 Somerville, NJ $9,650,000 72 Units COE Date - 2/24/22 Dover, NJ $75,000,000 214 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

2,750+ team members

70+ locations throughout the United States and India

The Numbers

$57B

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

$265B

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

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 manufactured housing. *Based

$104B

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.*

Commercial/Multifamily
Servicer
on the most recent MBA
Mortgage
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 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 successful focus on multifamily owners, properties and markets, our investment sales expertise also extends to the hotels and 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, service and experience. With our people and technology, we go beyond any standard in personalized customer service and client satisfaction.

$35B in total loan production

$17B combined agency production

$22B in total sales volume

638 total transactions

1,645 loans closed

$393B servicing UPB

2022 2022 2022 Standard & Poors: STRONG Morningstar/DBRS MOR: CS1 Fitch: CPS1

20,968 loans serviced

Primary Servicer Ratings

800 listings taken

© 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. BERKADIA.COM / 800.446.2226 a Berkshire Hathaway and Jefferies Financial Group company

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.

NEW JERSEY 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
capital solutions
investment sales
and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master
special
industry.
© 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
providing comprehensive
and
advisory
and
servicers in the

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