Director TC Cosby spearheads the financing efforts
Washington DC — Greysteel, a national commercial real estate and capital markets services firm, is proud to announce the arrangement of a $500 million programmatic joint venture between one of the nation’s leading vertically integrated institutional alternative real estate sponsors and a prestigious global institutional investment manager. TC Cosby, director at Greysteel, spearheaded the financing efforts.
The effort to raise capital for the program is part of Greysteel’s continued push into complex joint venture financing. This significant collaboration combines the strengths of two highly esteemed firms in the alternative real estate sector. The joint venture aims to scale a substantial portfolio of high-quality assets, leveraging the unique capabilities and extensive experience of both partners.
Greysteel commits to building relationships and delivering results for institutional clients across all market cycles. This complex venture was structured during a highly volatile and challenging capital markets climate. “The alternative real assets sector has continued to show positive NOI while also exhibiting significant resilience during recent downturns,” said Cosby. “This large capital commitment by one of the world’s leading financial institutions not only speaks to the alternative CRE sector tailwinds, but more importantly the best-in-class sponsorship’s ability to deliver exceptional results.”
The joint venture has been strategically kickstarted with the acquisition of two foundational assets located in rapidly growing markets, setting a robust precedent for future expansion and success.
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