Greystone Real Estate Capital, the low-income housing tax credit platform subsidiary belonging to the commercial real estate finance business of the same name, recently added two LIHTC specialists to support growth of the unit. The New York-based company welcomed Michael Boyle as senior vice president, acquisitions and institutional investments. He previously served in a similar role at CREA, responsible for identifying and structuring LIHTC multifamily investment opportunities around the country, as well as at Raymond James.
The New York-based real estate finance firm also hired Jay Reed as assistant vice president, tax credit underwriter. In the role, Reed will be responsible for underwriting, conducting financial modeling and closing of LIHTC transactions. Reed comes to Greystone after previously holding a similar position at PNC Bank, where he helped manage underwriting and contributed to decision making surrounding affordable housing investments involving LIHTC and historic tax credits.