Allegiant Real Estate Capital and Greystone & Co. Inc. have entered into a strategic partnership to pursue a suite of CRE debt products across the capital structure.
The venture will focus on mortgage, mezzanine and preferred equity across asset classes with an initial focus on multifamily and skilled nursing properties.
“This partnership brings together our broad commercial real estate lending, trading and capital markets capabilities and expertise with Greystone’s deep real estate expertise, extensive product offerings and significant capital resources,” said Randy Reiff, Chief Executive Officer and Chief Investment Officer of Allegiant about the partnership.
“This alliance enables Allegiant to further expand its product offering and provides us with a world class investment partner and additional source of capital for compelling opportunities within the multifamily and healthcare sectors.”
Allegian is an SEC-registered investment advisor originating, acquiring and managing investments in senior mortgage loans, subordinate loans, preferred equity and securities secured by commercial real estate.
Greystone & Co. specializes in commercial real estate lending, investment, and advisory services.
Through the new partnership, Allegiant will be able to access Greystone’s multifamily and skilled nursing product offerings as well as Greystone’s capital for co-investment opportunities, while Greystone will be able to capitalize upon Allegiant’s sourcing, underwriting, asset management and capital markets capabilities to further enhance its CRE product offering and capabilities.
“We have long recognized and appreciate the deep talent that Randy and his team represent, and have always been happy to work with them,” said Stephen Rosenberg, founder and CEO, Greystone.
“This new partnership brings together some of the best talent, products, creativity and unique capital that exist in the marketplace. We are thrilled to be working closely together and are confident this will be very successful.”
Allegiant Real Estate Capital was launched in September 2016 by its Chief Executive Officer and Chief Investment Officer, Randy Reiff, in connection with its spinoff from an affiliate of Cerberus Capital Management.
Concurrent with its launch, Allegiant secured an agreement with a financial services firm to deploy up to $500 million of capital for investment in and management of real estate debt opportunities.