Greystone, Rittenhouse Join Forces

The two firms have entered into a joint venture called Greystone Rittenhouse Realty Advisors, will will primarily focus on the Northeast market. 
Jim McDevitt. Image Courtesy of Greystone Real Estate Advisors

Greystone Real Estate Advisors and Rittenhouse Realty Advisors have formed a joint venture: Greystone Rittenhouse Realty Advisors. 

Based in Philadelphia, The Rittenhouse Realty Advisors team is led by Managing Partners Ken Wellar and Corey Lonberger. Wellar and Lonberger hold more than 30 years of experience in real estate advisory services to private capital and institutional investors in the Northeast. The team has experceince across several types of multifamily properties including mixed-use, development, large-scale communities and student housing. 

The Greystone Rittenhouse Realty Advisors team will include seven sales and debt advisors focused on the Mid-Atlantic and Northeast regions.

As part of Greystone’s rapid, yet strategic, expansion of its sales advisory platform, we look to join forces with preeminent regional commercial and multifamily brokers around the country. The Rittenhouse team’s reputation precedes them in not just the Philadelphia market, but across the Northeast,” President of Greystone Real Estate Advisors Jim McDevitt, told Multi-Housing News.

We are thrilled to team up with them in reaching our ultimate goal—to provide the best advisory and financial resources to our property investors and achieve the best outcome for an asset or portfolio.”

In January, Greystone’s CEO Stephen Resenberg, talked about his key takeaways from 2019’s multifamily lending market.