Berkadia began in 2009 as a joint venture formed by Berkshire Hathaway and Jefferies Financial Group after the acquisition of Capmark's mortgage origination and servicing business. Berkadia now operates as a commercial real estate services company with integrated mortgage banking, investment sales, and loan servicing, supporting clients across the life cycle of commercial assets. Berkadia's services center on multifamily and commercial property clients, with investment sales and financing capabilities that extend into hotels and hospitality, land, medical and life sciences, seniors housing and healthcare, single-family rental and build-to-rent, and student housing. Berkadia is an active market participant with a substantial servicing portfolio and ongoing origination activity, reinforcing its presence in commercial real estate finance and advisory services.