Greystone, a leading financial services and real estate firm, has added Andrew Warren to the firm's affordable housing preservation division as director of investments. He will report to Tanya Eastwood, head of Greystone's Affordable Housing Initiatives.
As one of the nation's leading providers of affordable housing recapitalization and rehabilitation transaction management services, Greystone has rehabilitated and preserved over 3,200 units, with another 7,200 in various stages of completion across the U.S. In his role as director of investments, Warren will lead the group's efforts in raising equity capital for properties through the Low Income Housing Tax Credit program, as well as securing debt and financing through various partnerships.
"Andrew's expertise in LIHTC and affordable housing financing will be invaluable, as we look to continue to provide creative solutions and crucial financing for properties across the country," said Eastwood. "With many of the USDA Rural Development properties reaching the end of their useful life periods, combined with limited resources available, innovative financing structures are a vital component for the preservation of these affordable housing communities."
Prior to joining Greystone, Warren served as the director of portfolio management at Centerline Capital Group, where he oversaw the Fund Management and Fund Originations Groups, and was responsible for structuring, marketing and managing a portfolio comprised of more than 1,200 LIHTC properties and $10 billion of tax credit equity. As an Associate in Centerline's Tax Credit Acquisitions Group, Warren sourced, underwrote and closed real estate transactions comprising more than $500 million of equity investment and $100 million of debt financing for affordable properties and leading to the new construction or preservation of more than 7,500 affordable apartments across the country.
Warren, 31, received a bachelors of science in Policy Analysis and Management from Cornell University, and is a member of the Young Leadership Council for the New York Housing Conference.
For more information on Greystone Affordable Housing Initiatives please visit www.greyco.com/preservation.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent