Greystone Real Estate Capital, Greystone’s LIHTC syndication platform, has appointed Jay Reed as assistant vice president of Tax Credit Underwriter. In this role, he will oversee underwriting, financial modeling, and closing of LIHTC investments, reporting to Spencer Gordon, vice president and director of Credit & Underwriting. 

Previously, Reed was assistant vice president of Tax Credit Underwriter at PNC Bank, N.A., managing underwriting processes and recommending credit decisions for equity and debt investments in affordable housing eligible for LIHTCs and Historic Tax Credits. With over eight years at PNC, he closed over $450 million of institutional equity and $275 million in debt products supporting LIHTC developments nationwide.  

“As we prepare to come to market with opportunities for investors, and help developers realize their visions for affordable housing, we are building a team with core strength to help execute on our core values and promises,” said Sarah Laubinger, Chief Operating Officer of Greystone Real Estate Capital.