NEW YORK, NY - Greystone Real Estate Advisors today announced it closed over $1 billion in multifamily investment sales in 2016. This volume, which represents the multifamily division’s first full year in operation, caps an active year of expansion during which the team extended its reach and capabilities in affordable housing and market rate multifamily advisory.
During 2016, Greystone Real Estate Advisors added several notable sales advisory teams in Atlanta, Austin, Denver, Los Angeles and San Francisco, further establishing Greystone’s nationwide presence as a preeminent commercial real estate lending, investment sales and advisory firm. The team expanded its capabilities in affordable housing advisory, with a specialization in Section 8 and LIHTC disposition and redevelopment advisory services, and now has an established presence in regions such as the Bay Area, where tight real estate markets mean a full-service advisor can add significant value.
Notable multifamily transactions closed by Greystone Real Estate Advisors in 2016 include: A premier 680-unit multifamily community located in Marietta, GA, Two-property portfolio of 270-units located in Michigan, and 128 Affordable Housing units located in Little Rock, AR.
“With the support of Greystone’s full-service infrastructure, we’ve been able to mobilize a network of advisors specializing in affordable and market rate multifamily assets,” said Jim McDevitt, President, Greystone Real Estate Advisors. “Having access to a premier lending platform at Greystone, which includes Fannie Mae, Freddie Mac, HUD, bridge, CMBS and EB-5 financing, our growing team can offer full-service financial advisory to property owners nationwide.”
“We thank our clients for their continued confidence in our ability to both assess and provide for their portfolio investment and finance needs,” he added.