Berkadia, Easton Lynd Sign Property Management Deal

Easton Lynd Management, the commercial property management division of The Lynd Co., has been tapped by Berkadia Commercial Mortgage LLC to manage a portion of its distressed-property portfolio throughout the U.S.

Berkadia, based out of Horsham, Pa., is the commercial mortgage special servicing joint venture owned by Warren Buffett's holding company, Berkshire Hathaway Inc., and Leucadia National Corp. that recently acquired Capmark Financial's North American origination and servicing units.

Easton Lynd's first assignment with Berkadia is a 44,000 square-foot stand-alone retail building in Clearwater, Fla., that the loan servicer took back in January. Circuit City had occupied the space prior to its filing bankruptcy and going out of business.

SOURCES: Berkadia Commercial Mortgage, Easton Lynd Management


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