Search
 

Greystone Development: New Year, New Strategy

NEW YORK CITY—“The market changed Jan. 1st,” company head Jeff Simpson tells GlobeSt.com, prompting some shifts in the firm's investment strategy.

By Rayna Katz | Updated on August 25, 2016
Jeff Simpson Simpson: “We generally focus on opportunities in established cities that have a strong housing market.”

NEW YORK CITY—Looking at Greystone Development’s properties, one might see a range of property and location types in the portfolio. That’s no accident, company head Jeff Simpson tells GlobeSt.com. While the firm likes creating multifamily properties in major markets, it invests in other asset classes and would consider secondary cities, he says, noting, “It’s all about the opportunity.”

GlobeSt.com: Greystone is typically described as a developer focused on gateway cities. Do you continue to like these markets and, if so, why?

Jeff Simpson, head of Greystone Development: We’re generally focused on opportunities where there is an established city with a steady or strong performance in the housing market. Presently we’re in in the boroughs of New York City, in Miami and Palo Alto. We like to be in core locations. But we would consider Chicago, Boston, Washington DC and Philadelphia—it’s just a matter of the opportunity.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.