Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
NEW YORK, March 16, 2017 -- Greystone, a real estate lending, investment, and advisory company, announced its Real Estate Advisors group closed the sale of Rose Park Plaza Apartments, a 112-unit affordable housing community in Billings, MT. Greystone’s Aaron Hargrove, Eric Taylor and David Garcia represented both the buyer, Capital Realty, and the seller, Rose Park Plaza Partners, Ltd., RLLLP, in the transaction.
Rose Park, constructed in 1981, is a 100% Project-Based Section 8 and Low Income Housing Tax Credit community with 65% of units at 50% Average Median Income and 35% of the units reserved for residents at 60% AMI. The renovated community offers residents a number of amenities including covered parking and playgrounds, and is within a few blocks of Rose Park and its swimming pool, tennis courts and sports fields. Given its ideal location and condition, Rose Park Apartments has a less than 1% vacancy rate with a waiting list.
“Affordable housing properties provide an advantageous investment opportunity, but they require an incredible amount of knowledge in tax credits and experience with the unique qualities of income-restricted property,” said Aaron Hargrove, Managing Director, Greystone Real Estate Advisors. “With its deep advisory and lending capabilities, Greystone has an unmatched perspective in the acquisition and disposition of affordable housing, and can serve as a valuable resource to owners and investors.”
About Greystone Real Estate Advisors, Inc.
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its Real Estate Advisors team provides services in sales, acquisitions, and a full spectrum of advisory services including debt, equity, acquisition, and investment sales to multifamily, affordable housing and seniors housing owners and investors. For more information, visit www.greyco.com.
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA and Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 [email protected]
