Berkadia has added former Newmark Knight Frank multifamily exec Drew White, amid a trio of new hires, as a senior managing director in its Washington, D.C. office, according to the firm.
The New York-based firm has also added CBRE veteran Bobby Meehling as a senior managing director and Savills’ former managing director Paul Hanafin as a managing director to its D.C. Metro office. Meehling spent almost three decades at CBRE, where he rose to head of D.C. apartment sales; while Hanafin spent six years at Savills, focusing on investment sales, development assemblage and site acquisitions throughout D.C.
White will also work out of the company’s D.C. Metro office, which is located at 4445 Willard Avenue in Chevy Chase, Md. He served as an executive manager director and Mid-Atlantic region head at NFK, and his experience also includes stints at Cushman & Wakefield and Apartment Realty Advisors, where he was a top producer.
According to White, he was impressed with Berkadia’s data analytics and research capabilities, and that helped draw his interest in joining the firm.
“They have the best tools to enable our clients to know more and thus do more,” White told Commercial Observer. “They pour a tremendous amount of money, time and effort to be on the cutting edge of technology so that our brokers and thus clients know more about the trends, markets and assets they cover.”
White is one of two senior managing directors over the entire Mid-Atlantic market, which includes the D.C. Metro area as well as Virginia and Maryland, and will work with a growing team of nine high producers to service the needs of clients in these markets.
“There are so many strong submarkets that are attracting interested investment based on the stability of the nation’s capital,” he said. “Fundamentals remain strong and the value-add space is attracting much interest as housing prices continue to rise.”
The trio of new hires join Cameron Webb and Louis Jacobe, who joined Berkadia last fall on its investment sales team, after stints at Marcus & Millichap.
The news of the hires was first reported by CoStar.