Greystone acquires C-III Asset Management

Greystone has expanded its capabilities into special servicing with the acquisition of Dallas-based C-III Asset Management (C3AM) and its $20.7 billion servicing portfolio. C3AM was previously a wholly owned subsidiary of New York City–based C-III Capital Partners.

The new special servicing group at Greystone will be led by Paul Smyth, who joined Greystone earlier this year, and has previously served as president of C3AM in a prior role before taking the global chief credit officer, CRE position at Credit Suisse in New York for several years. Smyth will leverage three decades of industry expertise to grow special servicing as part of Greystone’s wide range of existing commercial real estate finance solutions.

Greystone has been an active commercial lender and servicer for 30 years, currently managing a loan portfolio of nearly $42 billion in multifamily and healthcare mortgages. Led by Sharon Briskman, Greystone’s loan servicing platform is consistently ranked in