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Greystone Expands Multifamily Sales Advisory Team With Veteran Affordable Housing Executives

NEW YORK, Oct. 21, 2015 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, announced that it has added two senior multifamily sales advisory executives to its Real Estate Advisors group. Aaron Hargrove and Eric Taylor, both joining as Managing Directors, will provide sales and lending consultation to clients in the affordable housing multifamily sector. Both Mr. Hargrove and Mr. Taylor report to Jim McDevitt, President of Greystone’s Multifamily Sales Advisory team.

Mr. Hargrove has focused on affordable housing investment sales since 1994, having sold more than 20,000 units and closed on over $1 billion in transactions in the last decade. He joins Greystone from Berkadia, where he most recently served as a Managing Director of the Affordable Housing Group. Prior to that role, he was a Director for Hendricks & Partners where he oversaw all aspects of the group’s business, with an emphasis on business development and transaction execution.

Mr. Taylor also joins Greystone from Berkadia, having served most recently as a Senior Director within the Affordable Housing Group. He brings over 15 years of affordable housing experience to Greystone, and has led more than $1 billion in multifamily sales throughout his career as well.

Both Mr. Hargrove and Mr. Taylor have particular experience in affordable housing transactions involving 4% and 9% Section 42 LIHTC Acquisition Rehab and New Construction, Y-15 Section 42 LIHTC, HUD Financed and Project Based Section 8, USDA Rural Development Sections 515 & 538, as well as General Partnership Interest Sales.

“Aaron and Eric are a powerhouse sales team that will complement Greystone’s ability to support clients with acquisitions and dispositions of affordable housing multifamily properties,” said McDevitt. “As we continue to build out the multifamily sales advisory group, affordable housing will serve as a key sector because we want to do everything we can to continue to support the stated Affordable Housing goals of our lending partners at Fannie Mae and Freddie Mac.”

About Greystone

Greystone is a real estate lending, investment and advisory company headquartered in New York. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, bridge and proprietary loan products; Mortgage servicing; Real estate investment and development; Acquisitions / management of multifamily properties and healthcare facilities; Affordable housing preservation; Public transport real estate management; and Investment sales advisory. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, please visit www.greyco.com.

PRESS CONTACT: Karen Marotta Director of Communications, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone