North Carolina & South Carolina – March 20, 2025 – Berkadia, a leader in the commercial real estate industry, announced today that its North Carolina and South Carolina offices achieved over $1.5 billion in total production volume in 2024.
Together, the investment sales and mortgage banking platforms completed 57 transactions across a diverse range of asset classes, including institutional Class A new construction, Class B, Value-Add, and land transactions.
In addition to this impressive production volume, the Charleston office expanded by welcoming three seasoned investment sales advisors—Senior Managing Directors Jim Sewell and David Lansbury and Managing Director Erika Maston—reinforcing their commitment to growth in North and South Carolina.
“Our success in 2024 is attributed to our team’s strong relationships with esteemed investors, owners, and developers, as well as improving market conditions,” said Senior Managing Directors Caleb Troop and Mark Boyce.
Looking ahead, the offices in North Carolia and South Carolina are cautiously optimistic about the multifamily market in 2025. Significant population growth, a lower cost of living, a warm climate, and business-friendly environments are key factors expected to attract new residents to North Carolina and South Carolina.
Other forecasts for North Carolina & South Carolina:
- Charlotte is gearing up for a wave of new “build-to-rent” (BTR) communities to open this year, with a pipeline of approximately 4,156 units under construction and 3,000 in lease-up.
- The increasing median household income, projected to rise by 3% to exceed $80,000 by year-end, is fueling demand for apartments in Charlotte.
Berkadia’s North Carolina and South Carolina offices’ success in 2024 underscores the team’s expertise and commitment to meeting the needs of their clients in a dynamic market. Their strong market position leads them to continued success in 2025 and beyond.
Berkadia North and South Carolina Close Over $1.5B in 2024 | Multifamily Press