Allegiant Real Estate Capital and Greystone announce strategic partnership
Allegiant Real Estate Capital and Greystone & Co. have entered into a strategic partnership to collectively pursue a comprehensive suite of commercial real estate debt products across the capital structure — mortgage, mezzanine and preferred equity — and across asset classes with an initial focus on multifamily and skilled nursing properties.
Through this new partnership, Allegiant will be able to access Greystone's significant multifamily and skilled nursing product offerings as well as Greystone's capital for co-investment opportunities, while Greystone will be able to capitalize upon Allegiant's sourcing, underwriting, asset management and capital markets capabilities to further enhance its commercial real estate debt product offering and capabilities.
Allegiant Real Estate Capital was launched in September 2016 by its CEO and cio, Randy Reiff, in connection with its spinoff from an affiliate of Cerberus Capital Management.
Concurrent with its launch, Allegiant secured an advisory agreement with a financial services firm to deploy up to $500 million of capital for investment in and management of commercial real estate debt opportunities.