Greystone Real Estate Pushes into Texas, Partners with NAA

Greystone Real Estate Advisors, headquartered in New York, is widening its Texas footprint through a joint venture agreement with Houston-based National Apartment Advisors LLC. The new venture, Greystone NAA, will provide multifamily advisory services to clients in Houston, as well as Austin, Dallas and San Antonio. The Greystone NAA team will specialize in multifamily and mixed-use property or land acquisitions and dispositions for both institutional and private investors.

NAA launched in 2013, and has closed more than 150 transactions totaling $1 billion. Greystone’s Jim McDevitt noted that NAA’s local expertise, combined with Greystone’s existing lending resources is creating a “dynamic ‘dream team’ of entrepreneurial and motivated salespeople.”

As for NAA, “this joint venture with Greystone will give us a platform, which puts us on a level playing field with our competition,” said NAA co-founding partner Jordon Emmott.

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