Greystone affiliates, Cushman & Wakefield partner on $118m in total S.C. affordable housing transactions
Greystone Affordable Development, Greystone Housing Impact Investors (GHI) and Cushman & Wakefield have partnered on four recent affordable housing acquisition and rehabilitation development transactions in South Carolina totaling $118 million.
Working with a variety of multifamily investment sales advisors at Cushman & Wakefield, with which Greystone has a strategic joint venture, the teams collaborated on the acquisition and mortgage revenue bond investments with two separate nonprofit entities.
Greystone Affordable Development, working with Opportunity South Carolina on three separate acquisitions as the developer of record, partnered with GHI to identify an acquisition-financing solution via tax-exempt mortgage-revenue bonds.
On a fourth, separate $31 million transaction with Greenville Housing Fund, Greystone originated a financing solution via GHI, where Greystone Affordable Development will also serve as developer. Cushman & Wakefield represen