Berkshire Residential Investments has entered into a definitive agreement to acquire Limekiln Real Estate Investment Management, LP’s (Limekiln) 50 percent interest in MF1, a transaction that will make Berkshire the sole owner of MF1. Upon closing, MF1 will operate as a wholly owned subsidiary of Berkshire. MF1 is the leading private-label multifamily mortgage lender, having originated multifamily loans aggregating $32 billion since 2018. MF1 has also been a leading issuer of commercial real estate collateralized loan obligations. MF1 was launched in 2018 as a 50/50 joint venture between Limekiln founder Scott Waynebern and Berkshire.
Limekiln’s origination, capital markets, servicing and legal leaders will all join Berkshire: Russ Avery will serve as executive managing director, capital markets investment; Tom Keefe will serve as executive managing director, co-head of MF1; Michael Squires will serve as senior managing director, head of production; and Sandy Vergano will
