At Berkadia, we redefine commercial real estate by offering long-term investments through our mortgage bankers and investment sales advisors. Our producers are industry experts with diverse backgrounds and exceptional market knowledge. When you choose Berkadia, you’re choosing a long-term relationship that goes further than the transaction; you are being backed by the best.
Today, we’re shining the spotlight on Director Chris Tresp, an investment sales advisor in the Los Angeles office. Chris recently joined Berkadia Institutional Solutions this past year and specializes in multifamily investment and land sales as well as equity placements for ground-up development throughout Southern California.
Chris was born and raised in Milwaukee, Wisconsin and has lived in Los Angeles since 2006. His entire professional career has been spent in commercial real estate brokerage in various roles, and he has focused on the multifamily space for over 13 years. Chris enjoys the competitive aspect of the business, certainly there are plenty of ups and downs that come with the role, but it is the relationships that are built along the way both internally and with clients that he loves.
In the short time since joining Berkadia in August of 2023, Chris has already noticed the “people-first culture” at Berkadia. This is recognizable in how personable everyone is here, which he says isn’t always the case in the industry, and how refreshing it is to see. Being in the commercial real estate space, it is no secret that there is a competitive spirit in order to succeed for both personal and financial gain. While this is important for Chris, he also feels motivated and accountable to his colleagues, and that gives him that extra push to be productive as possible and beat the competition.
“Berkadia is built from the bottom up to specialize in multifamily and hospitality, which means all of the company resources are geared towards being the best in our field, as opposed to just being generalists to the CRE industry,” said Tresp.
When advising clients, Chris aims to have a personal position and opinion. It is easy to recite the popular narrative or themes that are read from the standard third-party resources. For him, he prioritizes telling his clients how he is seeing the market, both from a macro and local perspective, through his own lens. Chris is aware that the future is unpredictable, but he makes a point to advise clients as if he is investing with his own money.
Looking forward to 2024, Chris notes that it is worth acknowledging that California, and especially Los Angeles has made many negative headlines with the commercial real estate industry over the past few years. He thinks investors will recognize that Southern California continues to be fundamentally strong relative to other markets in 2024 and there will be an increased allocation to the region as the year progresses.
Chris looks forward to representing Berkadia and working with his clients to deliver long-term investments. While many other firms are cutting staff to reduce overhead, Berkadia is looking to take advantage of where they fall in the cycle to gain market share by investing in its people.