Horsham, PA-based Berkadia Commercial Mortgage LLC has acquired Hendricks & Partners, regarded as a leader in U.S. apartment sales and one of the largest providers of apartment research in the country. 

Headquartered in Phoenix, Arizona and founded in 1995 by Chairman and CEO Don Hendricks, the firm has grown to become one of the largest privately held multifamily investment sales platforms in the nation. The acquisition closed on December 31, 2012.

Effective immediately, Hendricks & Partners will operate under the name Hendricks-Berkadia, apartment real estate advisors, forming another major business unit next to Berkadia’s loan servicing, mortgage origination and proprietary lending operations. Current Hendricks & Partners CEO, Don Hendricks, will join Berkadia’s Executive Committee as the CEO of Hendricks-Berkadia and Executive Vice President of Berkadia. 

Hendricks-Berkadia will continue to be headquartered in Phoenix.