Berkshire Mortgage Venture Weighs Acquisitions After Hiring Finance Chief

[Liberty]

http://www.bloomberg.com/news/2011-08-01/berkshire-mortgage-venture-weighs-acquisitions-after-hiring-finance-chief.html

 

The new Berkadia CFO, Randy Jenson, was president and co- founder of private equity firm Ranch Capital LLC where he spent nine years overseeing about $2 billion of investments in financial services, energy and real estate and other industries. He’s a former chief executive officer of banking and lending at New York-based Leucadia.

 

Buffett, the world’s third-richest man, said in May that the commercial property market was showing signs of strength. Non-distressed buildings in six major markets have recovered more than half of their post-peak losses, Moody’s Investors Service said in a June 22 statement.

 

“The country’s expanding, the activity is expanding, households are expanding,” Buffett, 80, said in the May 1 interview. “Prices have been pretty strong if you start looking at particularly apartment buildings, but even shopping malls.”