Park 80 West in Saddle Brook, the home of CBRE’s New Jersey office — file photo
By Joshua Burd
CBRE has hired a new addition to its debt and structured finance group in New Jersey.
The real estate services firm announced Tuesday that Thomas Didio has joined the Saddle Brook-based team as a vice president. He joins CBRE after four years with Black Bear Asset Management, a Manhattan-based private equity firm, and four years in an underwriting and origination role with Freddie Mac Multifamily in New York.
“Tom adds a new dimension to our highly successful debt and structured finance team,” said Jeff Hipschman, senior managing director with CBRE. “We look forward to his contributions as we continue to expand our service offering in the New Jersey market.”
At Black Bear Asset Management, Didio specialized in sourcing, underwriting, structuring and financing commercial real estate transactions nationally, CBRE said in a news release. He has executed major transactions totaling more than $1.5 billion in volume throughout the U.S., with a strong focus on New Jersey and the New York tristate area.
He joins a debt and structured finance team that arranges financing for sectors such as office, industrial, multifamily, hotel and retail, the news release said. In 2018, the team closed about $46 billion in loan originations and loan sales.
Didio earned a bachelor’s in economics from Tufts University and a professional certificate in real estate finance from New York University.