NEW YORK, Sept. 16, 2014 (GLOBE NEWSWIRE) -- Greystone, a real estate finance and investment group, today announced it has opened a Boston-based office on the heels of its new joint five-year contract with JLL to provide comprehensive real estate services to The Massachusetts Bay Transportation Authority (MBTA) and Massachusetts Department of Transportation (MassDOT).
"We are dedicated to serving Boston's mass transit system with a growing presence here and look forward to establishing a close working relationship with JLL and MBTA in the coming years," said Charles Di Maggio, head of Greystone Management Solutions, the division of Greystone directly serving MBTA and MassDOT.
In addition to providing real estate asset management, property disposition, and consulting services to MBTA, Greystone's Boston office will also serve as a New England-based hub for its commercial lending and servicing capabilities. Mark R. Jarrell, Corporate Executive Vice President and head of Servicing and Asset Management at Greystone, will now be dually based in Boston, MA and Warrenton, VA.
"Greystone is committed to providing multifamily and healthcare property owners with access to our ever-growing platform of mortgage products, and we are thrilled to expand our lending capabilities in New England," said Jarrell.
Robert Culnane, head of Greystone's education funding business, will also be based in Boston.
Greystone's Boston office is located near Back Bay in the historic 20 Park Plaza office building.
About Greystone
Greystone is a financial services and private investment group whose original core business is multifamily real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business including acquisition, development, and management of multifamily housing properties across the country. Headquartered in New York with offices across the U.S., Greystone is active in three major business segments: Mortgage Finance, Healthcare and Real Estate. Greystone's mission is to apply unparalleled creativity while modeling corporate compassion. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information about Greystone's multifamily and healthcare financing solutions please visit http://www.greyco.com.