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New York & Tri-State  + New York  + Finance  |  January 13, 2020
Paul Bubny
By: Paul Bubny

Greystone Expands into Special Serving with C3AM Acquisition

Greystone has expanded into special servicing, acquiring C-III Asset Management LLC (C3AM) and its $20.7-billion servicing portfolio. Terms of the acquisition weren’t disclosed. C3AM was previously a wholly owned subsidiary of New York-based C-III Capital Partners LLC. 

The new special servicing group at Greystone will be led by Paul Smyth, who joined Greystone earlier this year. Previously he served as president of C3AM before taking the global chief credit officer, CRE position at Credit Suisse in New York for several years.

“Adding special servicing to our already vast commercial real estate finance expertise is very exciting,” said Stephen Rosenberg, CEO and founder of Greystone. “The C3AM team brings some of the brightest minds and greatest talents in this industry to Greystone, and, under the leadership of Paul, we look forward to working with new clients, lenders, and other participants in the special servicing market.”

Pictured: Greystone headquarters at 152 W. 57th St. in Midtown Manhattan.

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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).
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