Chinmay Bhatt | Source | Senior Managing Director New York, JV Equity and Structured Capital at Berkadia
Chinmay Bhatt
Chinmay Bhatt is Senior Managing Director and founding member of Berkadia’s JV Equity & Structured Capital in New York. He focuses on raising equity and structured capital from domestic and international qualified capital sources. Since launching in 2019, he has assisted in the capitalization of over $4.3 billion across more than 100 property transactions, which comprises of over 20,000 multifamily/build-for-rent units and student housing beds across 21 states.
Prior to joining Berkadia, Chinmay was an Investment Banker & Private Equity Investment Professional and worked in New York and Dubai. Chinmay earned his MBA at INSEAD and his bachelor’s degree in Business Administration from the University of North Carolina at Chapel Hill. He has lived & worked in the United States, Canada, France, UAE (Dubai), India and Singapore.
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Commercial Observer - Berkadia’s Cody Kirkpatrick on Engineering Equity Transactions Amid COVID-19
In the first 12 months after the CPCP and Berkadia merger, the group closed on more than $1.2 billion worth of capitalizations. COVID-19 set in right at their one-year mark — quite a time to celebrate an anniversary — but their activity and interest from their clients abroad didn’t slow.
Capital from the region that makes up the Gulf Cooperation Council, a union representing Arab states of the Persian Gulf, “is starting to explore the multifamily space more,” Bhatt said. “Many groups are still getting their heads wrapped around the asset class, because purpose-built rental products are fairly unheard of in that part of the world.”
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Wealth Management.com - Is Dry Powder in the CRE Space Ready to Move Off the Sidelines?
Although not all investors have hit the brakes, buyers are moving more cautiously. “There is plenty of capital out there, but it is more selective,” says Chinmay Bhatt, a senior managing director and founding member of Berkadia’s JV Equity & Structured Capital group.
The bar to get a deal through an investment community today is higher, notes Bhatt. “However, there is still great real estate out there to buy and very relevant projects that should be built, and it’s a function of finding the right strategy on the debt side, as well as the right group on the equity side to piece together the puzzle to make it happen,” he says.
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Notables in Real Estate - Chinmay Bhatt
Having lived and worked in the United States, Canada, India, United Arab Emirates, France and Singapore, Chinmay Bhatt brings a global background to his role as a real estate capital markets professional. Bhatt, a founding member of Berkadia, originates and executes equity and structured capital raises for real estate owners, operators and developers. His team has capitalized more than 30 deals in the past 18 months for a total transaction volume of $1.2 billion.
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Berkadia
Senior Managing Director New York, JV Equity and Structured Capital
started Mar 2019