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Cushman & Wakefield, Greystone Enter Strategic JV

Cushman & Wakefield and Greystone said Wednesday they would enter into a strategic joint venture to deliver advisory services and capital solutions to existing, joint and new clients of both firms nationwide. The JV  agreement calls for Cushman & Wakefield to make a strategic investment of $500 million to acquire a 40% stake in Greystone’s agency, FHA and servicing businesses.  

Greystone intends to use the capital to create innovative product offerings aimed at positioning the company for future expansion. The transaction is anticipated to close in the fourth quarter. 

“Greystone’s mission has always been to provide an unparalleled client experience, and this deal truly manifests what we hope to achieve in solving for any need of a commercial property investor,” said Stephen Rosenberg, founder and CEO, Greystone.  

The investment expands Cushman & Wakefield’s presence in the multifamily sector. In early 2020, the company acquired Pinnacle Property Management Services, the nation’s third-largest multifamily property management firm.  

Rosenberg added, “While we are initially focused on the multifamily market, we see sizable growth opportunities ahead in serving clients with capital and services in other commercial asset classes, and I couldn’t be more excited about the potential, and what the future brings.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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