Cushman & Wakefield and Greystone External Link announced they will enter into a strategic joint venture. Under the terms of the agreement, Cushman & Wakefield will make a strategic investment of $500 million to acquire a 40 percent stake in Greystone’s Agency, FHA and Servicing businesses. Greystone intends to use the capital to create innovative product offerings, which will position the company for future expansion, according to the announcement. The transaction is anticipated to close in the fourth quarter of 2021. 
Cushman & Wakefield’s Chief Executive, Americas, Andrew McDonald, said, “We’re excited to offer a new integrated capability to our investor clients with more direct access to Greystone’s balance sheet and capital solutions, including debt financing with Fannie Mae, Freddie Mac and HUD. Greystone’s passion and creativity in structuring deals and leveraging its balance sheet for clients are the reasons the firm stands out. This combination will demonstrate how global investors can benefit from two industry leaders providing premier investor services and a seamless, integrated client experience.”