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Greystone affiliates collaborate with Cushman & Wakefield
The Fly

Greystone affiliates collaborate with Cushman & Wakefield

Greystone Affordable Development, Greystone Housing Impact Investors (GHI), and Cushman & Wakefield (CWK) created a "dream team outcome in a challenging market" on four recent affordable housing acquisition and rehabilitation development transactions in South Carolina totaling $118M. Working with a variety of multifamily investment sales advisors at Cushman & Wakefield, with which Greystone has a strategic joint venture, the teams collaborated on the acquisition and mortgage revenue bond, MRB, investments with two separate non-profit entities. Greystone Affordable Development, working with Opportunity South Carolina on three separate acquisitions as the developer of record, partnered with Rob Schultz of GHI to identify an acquisition financing solution via tax-exempt mortgage revenue bonds. On a fourth, separate $31 million transaction with Greenville Housing Fund, Greystone’s Adam Lipkin originated a financing solution via GHI, where Greystone Affordable Development will also serve as developer. Cushman & Wakefield’s John Phoenix, Austin Green, and Ricky Gore represented the sellers of all four properties.

Published first on TheFly

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