M id A tlantic Real Estate Journal — DelMarVa — October 2024 — 29
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D el M ar V a Director TC Cosby spearheads the financing efforts Greysteel arranges $500M programmatic joint venture W ASHINGTON DC — Greysteel , a na- tional commercial
Cullen leads financing for The Louella M&T RCC provides $18.75M for housing property
BALTIMORE, MD — M&T Realty Capital Corporation announced the closing of a
NOI while also exhibiting significant resilience during recent downturns”, said Cosby. “This large capital commitment by one of the world’s leading financial institutions not only speaks to the alternative CRE sector tailwinds, but more importantly the best-in-class sponsorship’s ability to deliver exceptional results.” The joint venture has been strategically kickstarted with the acquisition of two founda- tional assets located in rapidly growing markets, setting a robust precedent for future expansion and success. MAREJ
combines the strengths of two highly esteemed firms in the alternative real estate sector. The joint venture aims to scale a substantial portfolio of high- quality assets, leveraging the unique capabilities and exten- sive experience of both partners. Greysteel commits to build- ing relationships and deliver- ing results for institutional clients across all market cycles. This complex venture was structured during a highly volatile and challenging capital markets climate. “The alter- native real assets sector has continued to show positive
$18.75 mil - lion Freddie Mac Forward Commitment 9% LIHTC loan for The Louella in the Bronx, NY. The team was
real estate and capital markets ser- vices firm, is proud to an- nounce the arrangement of a $500 million pro- grammatic
Sean Cullen
able to successfully secure favorable permanent financ - ing terms for their client, The Community Builders . The transaction was led by Sean Cullen , senior VP, in M&T RCC’s NYC office. MAREJ
TC Cosby
joint venture between one of the nation’s leading verti- cally integrated institutional alternative real estate spon- sors and a prestigious global institutional investment man- ager. TC Cosby , director at Greysteel, spearheaded the financing efforts. The effort to raise capital for the program is part of Greysteel’s continued push into complex joint venture financing. This significant collaboration Rockefeller Group & Matan Cos. break ground on the 1 st phase of Port 460 Logistics Center
The Louella
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SUFFOLK, VA — Rock- efeller Group and Matan Companies broke ground on the first phase of Port 460 Logistics Center in Suffolk, an industrial real estate de- velopment that is expected to serve US and international businesses seeking direct access to the expanded Port of Virginia. In a joint venture partner- ship with Mitsubishi Estate New York, Chuo Nittochi and Taisei USA LLC, the master- planned logistics park will deliver 2.4 million s/f of indus- trial space across five build - ings in phase one, delivering the first two buildings and the development’s infrastructure by next year. A second phase totaling 2.6 million s/f will follow after the completion of phase one. MAREJ A ground-breaking ceremony was held for the first phase of Port 460 Logistics Center in Suffolk.
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