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.
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.
#affordable-housing #real-estate-investment #tax-credit-syndication #job-creation #greystone-real-estate-capital
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