Greystone Development

Anyone familiar with them? Wholly owned sub of Greystone & Co, primarily known for lending I think. Seem to focus on NYC/Miami, mostly residential, and have done some interesting boutique deals. Curious about their reputation.

16 Comments
 
"JimboUSC"

They were featured on Million Dollar Listing which made them look douchey.

yes please share, i love/hate that show
 

wanted to bring this back from the reality TV bit

so after doing some more googling, it looks like they tend to focus on smaller deals, some of them as little as 5-10 units, mansions, etc. So obviously a little different than the big boys like Related/Tishman/Extell.

do you think this affects (#1) the comp or (#2) the general quality of experience working there?

Would anyone view working on these 15 unit, $50 million condo projects as inferior to working on a $1 billion high rise? Ignoring exit opps and all that garbage, what do you think would be more fun? Some first hand experience would be great.

Comp is probably all over the map given that the team size would be smaller too, but I really don't have any hard evidence to point to here, hence the questions.

thanks amigos

 
"NealCaffrey" tend to focus on smaller deals, some of them as little as 5-10 units, mansions, etc. do you think this affects (#1) the comp or (#2) the general quality of experience working there?

Would anyone view working on these 15 unit, $50 million condo projects as inferior to working on a $1 billion high rise?

it is certainly possible. mansions?? definitely not going to get the same respect if your'e doing one-off high-end spec homes.
Ignoring exit opps and all that garbage, what do you think would be more fun? Some first hand experience would be great.
despite my answer to your first question, i would bet you have more fun.
 

Greystone Development is a solid group. They do not develop mansions as a poster previously mentioned. According to the Greystone & Co. website, Greystone Development falls under the Investment arm. Their focus is CRE investment in development. They are entrepreneurial which makes them opportunistic and they work fast. In addition to NY (headquarters) and Miami, they have an office in San Francisco. Unlike many of the large institutional RE Developer, Owner, Operators, Greystone Development runs lean which provides room to grow. Again, solid group.

 

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