{"id":1004111348,"date":"2015-01-16T08:44:55","date_gmt":"2015-01-16T16:44:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004111348"},"modified":"2022-12-08T17:26:54","modified_gmt":"2022-12-09T01:26:54","slug":"berkadia-taps-wheeler-as-new-ceo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-taps-wheeler-as-new-ceo\/","title":{"rendered":"Berkadia Taps Wheeler as New CEO"},"content":{"rendered":"

By Barbra Murray, Contributing Editor\u00a0<\/em><\/p>\n

\"Justin<\/a>

Justin Wheeler, Berkadia<\/p><\/div>\n

Justin Wheeler has been officially anointed CEO of Berkadia Commercial Mortgage, the five-year-old joint-venture child of Leucadia National Corp. and Berkshire Hathaway. The appointment comes just nine months after Wheeler took on the role in an interim capacity upon Hugh Frater\u2019s transition to Chairman.<\/p>\n

Wheeler has been doing double duty since last April, also serving as COO of Leucadia. Now, he will step down from the latter position to fully immerse himself in the task of leading Berkadia. He believes the company–a leading primary, master and special servicer–is well positioned to continue to thrive.<\/p>\n

\u201c2015 should be a strong year for us,\u201d Wheeler told Commercial Property Executive<\/em>. \u201cWe are coming off a record year in both debt originations and investment sales and have the tailwind of the refinance wave. The GSEs and other capital sources seem to be primed for a big year.\u00a0 Our servicing book is strong, and we continue to look for opportunities to grow in that space.\u201d<\/p>\n

Last month, Morningstar Credit Ratings affirmed Berkadia\u2019s \u2018MOR CS1\u2019 commercial mortgage primary and master servicer rankings and \u2018MOR CS2\u2019 commercial mortgage special servicer ranking, and offered a forecast of stable for all three rankings.<\/p>\n

However, Wheeler acknowledges that it won\u2019t be all wine and roses this year, noting that the refinance wave is destined to come to an end and the industry and the market will return to some version of normalcy. \u201cWe will need to continue our momentum to compete, win and grow market share,\u201d Wheeler added. \u201cWe have durable competitive advantages in multiple areas, including our ownership, our global operation platform and relationships.\u00a0We believe there is always opportunity to improve and are relentlessly focused on making Berkadia the firm of choice for customers and employees in our market segment.\u201d<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Newly appointed CEO of Berkadia Commercial Mortgage Justin Wheeler shares his 2015 market outlook with CPE.<\/p>\n","protected":false},"author":969,"featured_media":1004111351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004111348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nBerkadia Taps Wheeler as New CEO - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/berkadia-taps-wheeler-as-new-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkadia Taps Wheeler as New CEO\" \/>\n<meta property=\"og:description\" content=\"Newly appointed CEO of Berkadia Commercial Mortgage Justin Wheeler shares his 2015 market outlook with CPE.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/berkadia-taps-wheeler-as-new-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-16T16:44:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:26:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/Justin-Wheeler-CEO-Berkadia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"576\" \/>\n\t<meta property=\"og:image:height\" content=\"436\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-taps-wheeler-as-new-ceo\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-taps-wheeler-as-new-ceo\/\",\"name\":\"Berkadia Taps Wheeler as New CEO - 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