Berkshire Expands Debt and Senior Housing Teams with the Addition of Two Industry Experts

Carolyn Burgess and Matthew Whitlock Strengthen Berkshire’s Expertise in U.S. Rental Housing Debt and Senior Living Sectors

BOSTON, MA — May 7, 2019 — Berkshire announced that Carolyn Burgess joined the company’s Investments team as Senior Vice President and Chief Credit Officer and Matthew Whitlock joined as Managing Director and Chief Investment Officer of Senior Housing.

“I am excited about this new opportunity and look forward to helping Berkshire continue to expand its investment strategies and debt products specifically related to direct debt, indirect debt, equity and development focusing on all forms of U.S. rental housing,” noted Carolyn. Berkshire’s debt platform currently includes over $2.0 billion in managed investments.

Prior to joining Berkshire, Carolyn served as Vice President, Multifamily Chief Risk Officer at Fannie Mae where she led a team responsible for oversight of the Multifamily Mortgage Business. Carolyn has more than twenty years of experience in the commercial mortgage industry, including previous employment at Berkshire prior to joining Fannie Mae. Carolyn has also completed executive leadership and risk programs at MIT, HBS and UCLA.

“Carolyn’s background and expertise in multifamily credit strengthens our team’s ability to execute on our existing capital mandates and our strategic intent to expand our product offerings more broadly throughout the rental housing sector,” stated David Olney, Berkshire’s Chief Investment Officer. Berkshire has a long history of debt investment having been the leader in the acquisition of Freddie Mac K-Series bonds since 2009 and most recently in 2018 with the successful launch of MF1, a joint venture with Limekiln, for the origination of bridge loans focused on multifamily, student and senior housing properties throughout the U.S.

Matthew noted, “It is exciting not only to continue the evolution of the Berkshire brand in the senior housing investment space, but also to create new opportunities that align with investors’ needs within the overarching US rental housing asset class.”

Mr. Whitlock has been responsible for over $10 billion in investment sales transactions and over $3.5 billion in mortgage originations through various sources including Fannie Mae, Freddie Mac and HUD. He has worked with senior housing operators and developers across the U.S, bringing a dynamic knowledge of participants, markets and products. Prior to joining Berkshire, Matthew was a Vice Chairman and Partner at CBRE where he was co-manager of the National Seniors Housing Group.

“Matthew’s addition builds on our expansion over the past seven years in senior housing investment and operations and supports our initiative to more broadly penetrate this sector through established and new strategic relationships throughout the U.S.  Matthew’s background and expertise as an intermediary, a principal and a leader in CBRE’s national platform provides a unique experience with opportunities for equity and debt investment in this high growth sector,” noted Olney.

About Berkshire

Berkshire Residential Investments is a vertically integrated residential real estate investment and property management company with over 50 years of experience. Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record based on thoughtful, leading edge investment strategies, and hands-on development and operational experience. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas and San Francisco. As of December 31, 2018, Berkshire Group had approximately $8.2 billion in real estate assets under management. For more information on Berkshire, please visit