Global real estate services firm Cushman & Wakefield and real estate finance and investment company Greystone announced a new joint venture today. The two companies said the venture will "deliver best-in-class advisory services and capital solutions to existing, joint and new clients of both firms nationwide."

Cushman is making a $500 million investment into Greystone for a 40% stake in its agency, FHA, and servicing businesses. "Greystone intends to use the capital to create innovative product offerings which will position the company for future expansion," said a company announcement.

The complementary offerings will allow the two companies to pass leads and appropriate business between the partners.