Greysteel

Behind every success story lies an exceptional culture! At Greysteel, we take pride in fostering a vibrant, inclusive workplace that empowers our team to thrive and excel. Every day, we collaborate, learn, and grow together, fueled by passion and driven by a shared vision. Join us on this incredible journey of growth and success by visiting our career page today: https://lnkd.in/e-gaHS5b Featured Doug Banerjee, Ian Weisz, and Henry Mathies #commercialrealestate #brokeragefirm #investmentsales

Greysteel is pleased to present a new exclusive listing, University Villas in Fort Worth, TX!   Located adjacent to Paschal High School and blocks from Texas Christian University, this asset is the most cost-effective housing option in the neighborhood.   Property Highlights:  - 40-unit low-rise/garden  - Assumable loan at 2.95% interest  - Recently improved mechanical systems and apartment interiors  - Opportunity to increase cashflow   Location Highlights:  - Major recent redevelopments with high end residential homes  - Close proximity to Medical District and Downtown Forth  - 4th largest metropolitan area in the U.S.   View Investment Property: https://lnkd.in/eFMgdTyP   Contact Andrew Mueller, Doug Banerjee, or Hugo Reisenbichler for More Details: https://lnkd.in/gAxWhU4n https://lnkd.in/dU_K6DCp https://lnkd.in/eSgUhsSq   #cre #multifamilyrealestate #texasCRE #realestateadvisory #greysteel

Greysteel is proud to announce Jeremy Slocumb has been named one of CRE's Aspiring Leaders of 2024. "These up-and-coming leaders have already made significant accomplishments in our space as they forge ahead in their careers", says GlobeSt.com.   Jeremy joined Greysteel in 2020 and quickly worked his way up to Director of the Capital Markets team. His exceptional business aptitude and dedication to client relationships have set him apart. Jeremy has a knack for identifying and delivering several amazing deals for each client, ensuring their investment goals are not only met but exceeded. His strategic approach and keen market insights continue to drive success for both his clients and Greysteel.   View Profile: https://lnkd.in/gsZ_3vrH

Greysteel welcomes Alyssa DeBono as Director of the Affordable Investment Sales team!   Alyssa previously held roles as National Director at Affordable Housing Advisors and Vice President of Investments at Marcus & Millichap. She also has experience in government and politics within the Michigan State Legislature.   With a regional market of focus in Illinois, Michigan, and Wisconsin, Alyssa specializes in new business development and client representation for affordable multi-family owners in the Midwest.   In her free time, she enjoys live music, fly fishing, and cooking shows.   Link to Profile: https://lnkd.in/e42GX-7W   #affordablehousing #midwestCRE #cre #newhire #greysteel 

Greysteel welcomes Chuck Rich as Director of the Medical Office Investment Sales team! Chuck is launching the first-ever Medical Office group at Greysteel alongside Nate Cleland, forming a strong leadership team to guide this new division. Chuck brings over 19 years of industry experience, with the bulk of his career spent in leadership roles building commercial real estate development firms.   Chuck will be responsible for both investment sales and generating new business for the Capital Markets team.   In his free time, Chuck enjoys tennis, hiking, and volunteering for the Crohns and Colitis Foundation.   Link to Profile: https://lnkd.in/evJiXkpS   #medicalrealestate #cre #newhire #greysteel 

Greysteel is pleased to present a new exclusive listing, Landmark Apartments in Dallas, TX!   Located just under 4 miles south of Bishop Arts District and a 10-min drive from Downtown Dallas, this cash-flowing asset is being offered free-and-clear of existing debt.   Property Highlights:  - 60-unit garden-style asset  - Opportunity to implement cost-effective upgrades  - Recently renovated units with vinyl flooring, stainless steel appliances, etc.  - 2.35 acres, 45,400 rentable SF, 94 parking spaces  - Built in 1961 and repainted in 2022   Location Highlights:  - Easy connectivity to I-35, US-67, and Loop 12  - Home to 8 million residents  - 4th largest metropolitan area in the U.S.  - 3rd largest concentration of Fortune 500 companies in the U.S.   View Investment Property: https://lnkd.in/eTBv9jez   Contact Hugo Reisenbichler for More Details: https://lnkd.in/eSgUhsSq   #cre #multifamilyrealestate #dallasCRE #realestateadvisory #greysteel

Greysteel welcomes Nate Cleland as Director of the Medical Office Investment Sales team!   Nate co-founded the Medical Office division at Greysteel with Chuck Rich, forming a formidable leadership unit to guide this new team. Nate brings over 15 years of commercial real estate experience and, prior to joining Greysteel, completed over $70M in retail and medical office sales transactions.   Nate will primarily focus on sales for medical office and retail assets in the Mid-Atlantic region. He will also provide guidance on the acquisition or disposition of commercial property, lease negotiations, and growth or retirement strategies for owner-users.   In his free time, Nate enjoys volunteering as a coach for youth soccer, watching Philadelphia sports, and spending time with family.   Link to Profile: https://lnkd.in/en7RmDmz

Last week the Greysteel Affordable Team met up to share information during our summer learning series. Murphy Holloway led the talk on Community Housing Development Organizations (CHDOs). Many in the affordable space are familiar with property tax abatements properties receive by having a CHDO as a GP in states such as TX. This can have a huge impact on the feasibility of the deal by increasing NOI. However, we also talked about other scenarios where it can be accretive to use a CHDO. 15% of HOME funds are set aside for development entities with a CHDO as a participant. Additionally, if a CHDO is the developer, they do not have to pay sales tax on construction materials. CHDOs provide supportive services for residents such as GED training courses or bus services, which can be mandated by the LURA or local housing authority and improve the quality of life for low income tenants. In what scenarios have you seen CHDOs used in affordable housing that are accretive to the financials or the tenants?

We are honored to be named a finalist for #MoxieAwardDC and are so proud of all our advisors for their dedication, hard work, and commitment to excellence.

Sharing a quick video recap of 1H Columbus MSA Multifamily transactions. Pardon my attire. I’m wrapping up a family vacation, which has been amazing! Today’s recap focuses on sales volume 1H 24 compared to 1H 23. According to Costar, only $138M of closed multifamily since 1/1/24 through June, as of today. That’s $20M shy from the same period last year. Three Takeaways: ⬇️ $20M from same period 2023 📉Only 16 transactions vs 52 from same period (last year) 🏢2 trades represented 54% of total sales volume (about $75M) Stay tuned for a few more videos this week. I’ll dig into implications to velocity, on market inventory as well as the overall sentiment that price expectation (bid/ask spread) is adjusting, making some deals transactable that previously didn’t pencil. My take, the “shadow inventory” is hard at work. We are very busy negotiating deals that are not reflected in this data and have completed more BOVs in the last 3 months than historical trends. And remember, Costar data is helpful but often doesn’t tell the whole story. It’s important to consider this data in context. We welcome the opportunity to meet and discuss further. #Advisory #Data #Trending #NowHiring #Multifamily #1H #CRE #Stock #Velocity #SalesVolume