Cushman & Wakefield and Greystone close sale and financing

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, and Cushman & Wakefield, a leading global real estate services firm, jointly announced that they have provided financing for the acquisition and arranged the sale of , respectively, a multifamily portfolio of 344 units with two properties in Maryland.

The Fannie Mae Delegated Underwriting & Servicing (DUS®) loans were originated by Dan Sacks, Senior Managing Director, and Alex Basile, Executive Director, Greystone on behalf of Olivetree Management, with Jorge Rosa and Anthony (TJ) Liberto advising on the sale of properties for Cushman & Wakefield.

The properties were purchased for approximately $73.5 million in total and financed with Fannie Mae loans totaling $57 million. communities, Columbia Apartments and Apartments in the city centerboasts 94% occupancy in the high-growth, highly desirable suburb of Columbia, Baltimore, Maryland.

“This transaction represents a real collaboration for our teams, culminating in a repeat client of ours purchasing the properties and Greystone being able to provide financing for the purchase with Cushman & Wakefield advising on the sale,” said Mr Sacks . “In today’s highly volatile market, it is gratifying to deliver a smooth execution for our client and to have the success of the joint venture with Cushman & Wakefield validated.”

About Greystone
Greystone is a privately held national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare financing, being ranked as a top FHA, Fannie Mae and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenues of $9.5 billion from its core services of property, facilities and project management, leasing, capital markets and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

PRESS CONTACT:
Karen Marotta
Gray stone
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