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Greystone adds multifamily platform

Greystone, a real estate lending, investment and advisory company, has expanded its existing sales advisory group, Real Estate Advisors, to include multifamily properties.

In addition to providing sales and lending consultation to clients in the seniors housing market, Real Estate Advisors will now offer this expertise to owners of multifamily properties seeking to acquire or divest assets nationwide.

Jim McDevitt joins Greystone as president of the Multifamily Sales Advisory team.

STEPHEN ROSENBERG
STEPHEN ROSENBERG

“Simply put, our clients have expressed a need for multifamily sales advisement, and because our goal is to be as full-service as possible, we sought out the right talent to build this team,” said Stephen Rosenberg, founder and CEO of Greystone.

“I know that Jim’s specialized expertise will serve as a valuable complement to our existing lending and sales advisory services.”

McDevitt most recently served as president at Berkeley Point Capital. Prior to that, he was a senior executive for almost two decades at Wells Fargo Bank. Earlier in his real estate career, McDevitt served at both CBRE and Colliers.

“My decision to join Greystone was an easy one,” said McDevitt. “For me personally, and for this business model, it was a perfect fit. My relationship with the company goes back to my days at Wells Fargo when we joined forces with Greystone to underwrite and close Fannie Mae loans for our clients.

“The ease and efficiency with which they did so provided an extraordinary customer experience.”

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