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Drew Fletcher Promoted to Executive Vice President of Greystone Bassuk Group

NEW YORK, March 2, 2015 (GLOBE NEWSWIRE) -- The Greystone Bassuk Group, a real estate capital intermediary and financial advisor to major developers, today announced that Drew Fletcher has been promoted to Executive Vice President. In assuming greater responsibility in leading the business, Mr. Fletcher will continue to work in conjunction with Richard Bassuk, the Chief Executive Officer of The Greystone Bassuk Group. Mr. Bassuk is one of Manhattan's preeminent mortgage brokers with a 40-year track-record advising many of New York's most sophisticated and successful developers.

In this new role, Mr. Fletcher is responsible for the management and growth of a fully-integrated real estate investment banking and capital advisory platform, which specializes in debt placement, equity/joint-venture transactions and strategic consulting services across all property types. Mr. Fletcher specializes in structuring creative equity and debt solutions for large-scale development transactions, with a particular focus on bond-financed multifamily projects and residential condominiums.

"Since joining Greystone Bassuk in 2013, Drew's leadership has enabled significant growth of the Greystone Bassuk Group," said Mr. Bassuk. "Going forward, I have tremendous confidence that he will steward expansion nationwide to complement The Greystone Bassuk Group's overall real estate finance and advisory capabilities."

"I am incredibly honored to work alongside Richard and continue his legacy as a trusted real estate finance advisor to developers in NYC and nationally as The Greystone Bassuk Group continues to grow," commented Mr. Fletcher.

Prior to joining Greystone Bassuk Group, Mr. Fletcher served as Chief Financial Officer at Edison Properties where he oversaw financial operations for a multi-generational real estate business with $200 million in revenue and total assets of $3 billion, including Manhattan Mini Storage, the largest self-storage operator in NYC; Edison ParkFast, a regional parking operator; and a portfolio of office and multifamily properties. During his 14 years at Edison, Mr. Fletcher was involved with approximately $800 million in acquisitions, dispositions and development. Prior to serving as CFO, he held various leadership positions in finance, operations and real estate.

Mr. Fletcher holds Bachelor's degrees in Economics and Communications from Wake Forest University, an MBA from New York University and a Master's degree in Taxation from Rutgers University. He is also an active member of REBNY and guest lecturer at New York University.

About The Greystone Bassuk Group

The Greystone Bassuk Group is a real estate finance intermediary and advisory firm serving a select group of New York City's most prominent developers and investors. Working strictly on an exclusive basis, Greystone Bassuk delivers exceptional financial expertise and creativity. The Greystone Bassuk Group is a joint venture between The Bassuk Organization, Inc. and Greystone & Co., Inc., a leading national provider of multifamily loans, and together with its affiliated companies, provides an expanded range of real estate and financial services, including creative debt and equity financing. For more information visit www.greystonebassuk.com.

CONTACT: Press Contact: Karen Marotta 212-896-9149 KMarotta@Greyco.com

Source:The Greystone Bassuk Group