Berkshire’s Board of Directors is responsible for overseeing the strategic direction of the Company. The six-member Board is comprised of both inside and independent directors with extensive experience leading and growing real estate investment management organizations.
Board of Directors
Mr. Krupp has been responsible for the strategic direction of Berkshire since its inception as the Krupp Companies in 1966. Under his leadership, and together with his brother Douglas Krupp, Berkshire has become a national multifamily industry leader. Notable successes of Berkshire under his tenure include: taking three companies public, raising over $5.6 billion of capital and originating approximately $22.3 billion of mortgage loans; the founding of Berkshire Mortgage Finance, L.P. one of the nation’s largest multifamily loan originators; and the launch of Berkshire’s institutional funds business in 2005, which has successfully sponsored three commingled funds and two separate accounts. He also previously served as Director and Chairman of Berkshire Income Realty, Inc.
Mr. Krupp attended the University of Pennsylvania and holds an undergraduate degree from Harvard University Extension Schools as well as a Master’s degree in History from Brown University.
Mr. Krupp, together with his brother George, has established Berkshire as a national multifamily real estate investment management company, investing over $11 billion in equity and $22 billion in debt transactions, and building one of the largest DUS multifamily lending companies in the nation, Berkshire Mortgage, L.P. Mr. Krupp has also chaired three publicly-traded multifamily funds: Berkshire Realty Income, Inc., a public REIT later taken private in a partnership with Goldman Sachs and Blackstone; Berkshire Income Realty, Inc., a privately-owned REIT with public debt; and Harborside Healthcare, a publicly-traded national nursing home company. Mr. Krupp chairs Berkshire Realty Ventures which, focuses on entity-level investments in real estate-related operating companies.
Mr. Krupp holds both an undergraduate degree and an honorary Doctorate of Science in Business Administration from Bryant College.
As Chief Executive Officer of Berkshire Group, Mr. Leitner is responsible for leading all aspects of the company’s operations. He is a member of Berkshire’s Board of Directors, the Chairman of the Operating Committee, and serves on the Investment Committee. Previously he served as Chairman and President of the former REIT, Berkshire Income Realty, Inc. He has been with Berkshire since 2013.
Mr. Leitner is an experienced executive, with over three decades in real estate and investment management. Prior to Berkshire Group, Mr. Leitner served as Chairman and CEO of the ULI Greenprint Center for Building Performance and as a member of the advisory board for SVP Global, a hedge fund manager specializing in distressed debt investments. Earlier, Mr. Leitner spent 24 years at RREEF, a global real estate investment management business and a division of Deutsche Asset Management, serving in a variety of roles, including Global Head (Chief Executive Officer) and Chairman. He helped build the firm into one of the leading real estate and alternative asset investment advisors with $80 billion in assets under management. Prior to RREEF, Mr. Leitner held positions in real estate investment and finance with GE Capital in Chicago, and TIAA/CREF in New York. Additionally, he served as a director for Dexus, a listed property trust in Australia, and DB Real Estate Investment GmbH, a German-based manager of global real estate funds. He is a trustee of the Urban Land Institute (ULI) as well as a member and past board director of the Pension Real Estate Association.
Mr. Leitner received a Bachelor of Arts in Urban Studies from the University of Pennsylvania.
Mr. Azrack is currently the principal owner of Azrack & Company. He is the Founder and past Chairman and Managing Partner of Apollo Global Real Estate and was previously the Senior Advisor to Apollo Global Management. Prior to joining Apollo, Mr. Azrack was President and CEO of Citi Property Investors (CPI). Before CPI, he was Chief Executive and Chairman of AEW Capital Management, L.P., Founder and President of the AEW Partners Funds, a Director of Curzon Global Partners, and Founder and Chairman of AEW Europe.
Mr. Azrack holds an M.B.A. from Columbia University and a B.S. from Villanova University. He is an adjunct professor at Columbia University’s Graduate School of Business. He is currently a Director of Equity One (NYSE: EQY) and the Executive Chairman of The Real Estate Group of Safanad, Inc., a global private investment group. Mr. Azrack is a member and past Chairman of the Pension Real Estate Association and is also a Trustee of the Urban Land Institute.
Mr. Blankenship has over 40 years of real estate experience and has extensive knowledge of the REIT industry, including cross-border experience. Mr. Blankenship was previously Chairman and Chief Executive Officer of Verde Realty. Prior to Verde, he was Vice Chairman and Chief Operating Officer of Security Capital Group Incorporated, later sold to GE Capital Corporation. Earlier in his career, Ron held senior leadership positions with Archstone Inc., Trammel Crow Company, Mischer Investments, Heritage Mortgage Company, and Peat, Marwick, Mitchell & Co.
Mr. Blankenship is a certified public accountant and a graduate of the University of Texas. He currently sits on the boards of Regency Centers Corporation, Pacolet-Milliken Enterprises Inc., and Carefree Communities.
Ms. Myerson is the former Chief Executive Officer of The Swig Company, a national commercial real estate investment company. She was previously President and Chief Executive Officer of the Bailard, Biehl & Kaiser Real Estate Investment Trust. Earlier in her career, she held positions with NeXT Computer, Inc., and Metropolitan Life Real Estate Investments.
Ms. Myerson graduated from Grinnell College, and received her Master’s in City and Regional Planning from Harvard University. Ms. Myerson is presently on the Advisory Board of Mosaic Real Estate Investors, LLC, on the Northern California Advisory Committee of Presidio Bank and was previously on the Board of NYSE-listed BRE Properties, Inc. She is also a member of the Urban Land Institute (ULI) and Lambda Alpha and is on the Boards of Bay Area non-profits SPUR and BuildPublic.