Berkshire

The Real Estate Finance Association (REFA) recently celebrated its 36th Annual REFA Gala in Boston, MA, and Berkshire was pleased to be a sponsor of this milestone event. With over 600 attendees from the CRE industry, it was the largest event to date. In January 2025, our Managing Director and Deputy Debt Portfolio Manager, John Roach, will be appointed 2025 REFA President-Elect. The REFA Gala is the premier gathering of the Real Estate Finance Association, bringing together leaders who are actively reshaping the future of the real estate industry. By analyzing and evaluating market trends, the REFA Gala provides invaluable tools to help emerging leaders grow their careers. Pictured in the first photo (Seated/Standing): - Senior Vice President, Head of Debt Accounting and Reporting, Christine Powers - Managing Director, Equity Portfolio Manager, Steve Gullo - Managing Director, Deputy Debt Portfolio Manager, John Roach (2025 REFA President-Elect) - Managing Director, Head of Debt Capital Markets, David Doherty - Associate, Debt Portfolio Management, Rayan Daou - Assistant Vice President, Debt Portfolio Management, Christopher Brown - Partner, Chief Operating Officer, Jon Frey - Vice President, Corporate Finance, Jared Neilan - Partner, Chief Financial Officer, Ravi Ragnauth (REFA President)

Will we see you at the annual PENSION REAL ESTATE ASSOCIATION (PREA) conference? Berkshire's Head of Research and Chief Economist, Gleb Nechayev, CRE and Assistant Vice President of Capital Markets, Kristina McGowan, MBA, will be in Washington, D.C. for the annual institutional investor conference over the next few days. Connect with them while you're there! #PREA #InstitutionalInvestorConference

A special congratulations to Heather Boujoulian, Managing Director and Head of Development at Berkshire! We are excited to congratulate her appointment as Chair of Roger Williams University's Board of Trustees. This is a significant milestone for both the university and women in leadership, as Heather is the first woman to hold this prestigious position. Her appointment highlights her exemplary leadership and unwavering commitment to excellence. As a trailblazer in the industry, Heather’s pioneering spirit, vision, and dedication have not only propelled her career to new heights but also continue to inspire future generations of women to pursue leadership roles with confidence and determination. Please join us celebrating this remarkable milestone and congratulating Heather on this well-deserved honor. #RWUAlumni #WomenInLeadership

Berkshire will be attending the National Multifamily Housing Council OPTECH Conference & Expo this week! The team includes Tom Rucker, CPM®, Managing Director and Chief Operations Officer of Property Management; Joshua Glastein, Chief Technology Officer; Sherry Taylor, Vice President of Training; Anna Velella, Assistant Vice President of IT; and Kasee Godwin, Assistant Vice President of National Marketing Operations. Please reach out and connect with them during the event! #OPTECH2024

The housing affordability in the U.S. is near its historical lows and one of the key reasons behind this is a severe shortage of homes. The shortage is even deeper when adjusting for income distribution of the underlying demand, particularly the needs to low/middle income households. This challenge presents opportunities from both policy and investment perspective but could also keep upward pressure on housing costs for a while. For a closer look at how the shortage is distributed across different segments and markets and its potential implications, read the latest Berkshire Research Viewpoint by our Head of Research and Chief Economist, Gleb Nechayev, CRE. Stay informed and follow us for more expert analysis and updates.

Annually, GRESB assesses and benchmarks the Environmental, Social, and Governance (ESG) performance of real estate and infrastructure firm assets worldwide, providing insights to investors on complex sustainability topics. Berkshire is pleased to share its performance for the 2024 assessment! Overall, the average score of our participating strategies increased by 1 point to 87 in 2024. Our core strategy maintained a 5-star rating, indicating its score is within the top 20% of all global respondents to the survey. Learn more about our ESG program at thrive.berkshireresi.com. #BerkshireTHRIVE #ESG #GRESB

Today, we celebrate Indigenous Peoples' Day, a time to reflect and recognize the rich histories, cultures, and contributions of Indigenous communities across the globe. By amplifying Indigenous voices, supporting local Indigenous-led initiatives, and educating ourselves and others about the vibrant cultures that continue to thrive, we are taking steps towards cultivating a more inclusive and equitable future.

Berkshire's Head of Equity Fund Accounting & Reporting, Brittany Colgan; Head of Debt Fund Accounting & Reporting, Christine Powers; and Head of Equity Asset Management, Timothy Sugrue, will be at the National Council of Real Estate Investment Fiduciaries (NCREIF) Fall Conference in Florida this week! If you're attending, please reach out to connect with them. #NCREIFFallConference

Berkshire is pleased to announce that Sonali Rathore, an alum of Project Destined, has joined our firm! Sonali is a recent graduate of Emory University - Goizueta Business School, where she received a Bachelor of Business Administration in Strategy & Management Consulting & Finance. The firm’s partnership with Project Destined reflects its dedication to promoting education and empowerment within our communities. This collaboration bridges the gap between academic learning and practical experience, creating a diverse pool of future leaders who are well-equipped with skills and knowledge to excel in the industry. Join us in welcoming Sonali!

Berkshire's partners, Head of Capital Markets, Michael Coffey and Chief Investment Officer, Eric Draeger, will be at EXPO REAL (Messe München) in Germany this week! If you're attending, please reach out to connect with them. #ExpoReal #RealEstateExpo