Multi-Housing News: One year later: The success of the Greystone-Cushman & Wakefield JV
"Global real estate services firm Cushman & Wakefield acquired a 40 percent stake in Greystone’s agency, FHA and servicing platforms for $500 million in December. The deal was billed as a one-stop shop for investors’ capital and advisory needs when it was announced last October. Real estate finance firm Greystone planned to use the investment to create new product offerings while Cushman & Wakefield would be able to offer its clients a range of debt products for acquisition, refinancing, rehabilitation and new construction.
Multi-Housing News checked in with Steve Rosenberg, founder & executive chairman of Greystone, and John O’Neill, president of multifamily capital markets at Cushman & Wakefield, on how the strategic joint venture has been working for both firms. MHN spoke with Rosenberg about the JV and other Greystone initiatives, including the arrival of a new CEO and the firm’s interest in acquiring a bank."
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