"The closing of Fund I is a powerful endorsement of our platform and a testament to the exceptional team we've built, the depth of our relationships, and the unwavering support of our parent company."
"Greystone raised $103 million from seven institutional investors in the financial and insurance sectors, aiming to generate 1,100 jobs and $132 million in wages."
"The fund's closing follows Greystone's formation of its tax credit syndication platform, which is part of Greystone Select Inc., managing $7 billion in assets."
"This platform boasts industry veterans with more than 200 years of combined experience, utilizing proprietary underwriting and impact assessment tools from a vast shared resource pool."
Greystone Real Estate Capital closed Fund I after raising $103 million from seven institutional investors, aiming to invest in affordable housing. The fund is expected to generate 1,100 jobs, $132 million in wages, and $49 million in tax revenue. This closing marks a significant milestone since Greystone established its tax credit syndication platform, part of Greystone Select Inc., which manages $7 billion in assets. The platform is supported by experienced industry veterans and utilizes advanced underwriting and impact assessment tools, benefiting from extensive shared resources within the company.
#affordable-housing #real-estate-investment #tax-credit-syndication #job-creation #greystone-real-estate-capital
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