Greystone-Passco Alliance Creates a New Institutional Sponsor in DST Sector

Greystone and Passco Companies recently formed strategic alliance to provide clients and investors with enhanced benefits surrounding the Delaware Statutory Trust (DST) CRE investment channel, as well as other real estate investment opportunities in the future. The new relationship leads with the protection of clients’ assets.

The Greystone-Passco alliance creates a newly positioned institutional sponsor in the rapidly expanding DST investment sector. With its minority investment in Passco, Greystone is strengthening its platform into a new market with its investment in Passco which has been an industry leader for more than 20 years. The Greystone-Passco alliance will be providing a broader range of acquisition opportunities including post-construction and pre-stabilized properties.

“This union delivers something the industry has yet to see – a strategic vehicle with exponential growth opportunities that is focused on putting people first,” says Bill Passo, CEO and founder of Passco Companies. “Our investors, partners, employees and their families are central to our focus. This is the bottom line in everything we do at Passco, and we have found complete alignment in that value with the Greystone team.”

Coming off a record year of $1.7 billion in transaction volume in 2021, Passco aims to exponentially surpass this growth in 2022 by leveraging Greystone’s extensive network, access to brokers and balance sheet. Greystone originated $18.3 billion in CRE financing more than 1,100 executions in 2021.

“Greystone’s strength is our people, period. Our success to date can be attributed to the trust we have in every individual at the company who each take the responsibility as a steward of our clients’ property investments very seriously,” adds Stephen Rosenberg, founder and CEO of Greystone.

Passco is represented by Kevin Gannon, chairman/CEO of Robert A. Stanger out of Shrewsbury, NJ.