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Greystone Adds Multifamily Sales Advisory Team in Austin, TX

NEW YORK, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment, and advisory company, announced its Real Estate Advisors group has expanded its sales and marketing capabilities with the addition of an experienced team in Austin, TX.

Joe James and Kent Myers join Greystone as Managing Directors, bringing a combined 25 years of conventional multifamily sales experience to the company’s rapidly expanding advisory group. Joining from Marcus & Millichap, Mr. James and Mr. Myers have advised on the sale of over 28,500 multifamily units combined, and their team will continue to focus on the Texas market, reporting to Jim McDevitt, President, Greystone Real Estate Advisors.

Mr. James, with more than 13 years of Texas-based commercial real estate experience, has closed more than 16,500 units valued at more than $970 million in multifamily transactions for both institutional and private sellers across Texas since 2005. He commented, “Greystone’s commitment to grow its investment sales team nationally was extremely attractive to us. Our team is excited to increase Greystone’s footprint in Texas.”

Mr. Myers brings more than 11 years of Texas-based commercial real estate experience to Greystone, also specializing in multifamily property sales. During his career at Marcus & Millichap, Mr. Myers closed more than 12,000 units in multifamily transactions in markets such as Austin, Dallas/Fort Worth, San Antonio, Houston, as well as multiple secondary markets throughout Texas. Hailing originally from Houston, Myers also has an extensive history with troubled asset sales and distressed debt workout. “Greystone’s national presence and robust lending platform made our decision to move an easy one. We believe that the universal advisor is the direction the industry is moving, and are excited with the value this will bring to our clients across Texas,” he said.

“We are thrilled to have expanded our sales capabilities to the Texas region, complimenting Greystone’s established lending presence there, and nationally,” said Greystone Real Estate Advisors President, Jim McDevitt. “We are seeing increased need for not just a qualified sales advisor, but for a team of experts who can help guide real estate investors in how to expand their portfolios and provide the means for them to do so, and we are happy to be a ‘one-stop-shop’ in this way,” he added.

About Greystone Real Estate Advisors, Inc.
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its Real Estate Advisors team provides services in sales, acquisitions, and a full spectrum of advisory services including debt, equity, acquisition, and investment sales to multifamily owners and investors. For more information, visit www.greyco.com.

About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA and Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.

PRESS CONTACT: Karen Marotta Greystone 212-896-9149 Karen.Marotta@Greyco.com

Source: Greystone