Northmarq welcomes three industry-leading advisors to strengthen national debt and equity business

MINNEAPOLIS (May 14, 2025) — Northmarq has announced the addition of Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick as managing directors in the firm’s Debt + Equity platform. The trio will execute institutional equity and structured solutions across the U.S., with a focus on the living sector including multifamily, student housing and build-to-rent communities.

“Chinmay, Noam, and Cody bring a unique blend of expertise, global connections, and specialized knowledge in equity and platform growth advisory. Their deep experience will be invaluable as they work alongside clients to navigate the complexities of the entire capital stack.,” Northmarq President of Debt + Equity Jeff Erxleben said. “They’ve worked with the most sophisticated investors in the market to deliver complex, tailored capital solutions. Their addition underscores Northmarq’s continued commitment to building a best-in-class capital markets platform.”

Bhatt, Franklin and Kirkpatrick will add national leadership and equity expertise to Northmarq’s Institutional Equity Advisors that includes Joel Heikenfeld, Charlie Rimkus, Annamarie Bjorklund, Alexander Horsman, Josh Galen and Sean Swift.

Career highlights
Prior to joining Northmarq, Franklin, Kirkpatrick and Bhatt led the JV Equity and Structured Capital Group at Berkadia, where they successfully closed more than 130 transactions totaling over $7 billion in capitalization across 24 states. Their advisory scope included joint venture equity, preferred equity and platform-level capital solutions — frequently involving first-time partnerships with institutional investors from Europe, Asia and the Middle East.

The team’s work supported acquisitions and developments for over 26,000 units and beds in the living sector, establishing them as leading advisors to institutional owners, operators and developers. Their track record also includes structuring strategic programmatic and platform capital for emerging and established operating partners.

Before Berkadia, the three co-founded Central Park Capital Partners, a boutique advisory firm that was acquired in 2019 and became the foundation of Berkadia’s national equity platform. Bhatt and Franklin worked, collectively, for over a decade in the UAE and continue to build relationships to capital in the region. Kirkpatrick brings a deep development expertise that further broadens the team's strategic capabilities. 

“We’re excited to leverage our global network of over 600 institutional capital relationships to help clients scale their platforms delivering superior debt and equity solutions nationwide,” said Bhatt. “Northmarq is the ideal place to do this—its expert approach, national reach, and strong private backing create the perfect foundation for delivering customized, full-stack capital solutions.”