Bryan Grover.
Bryan Grover, 29
Vice President at Greystone Capital Advisors
Within the last year, Namdar Group, a family-owned and operated real estate investment and development firm, closed the largest transaction since its inception in 1979. That was a $120 million construction loan that Greystone arranged for Namdar’s 618 Pavonia Avenue, a 323,000-square-foot multifamily rental building in Jersey City, N.J.
“It’s a unique market-making transaction for the client,” said Bryan Grover, a vice president at Greystone Capital Advisors, the debt and equity brokerage division of Greystone, who was part of the team that arranged the financing for Namdar’s 432-unit development. “They were doing $30 million and $40 million deals. It’s a big jump.”
The deal was just one of more than $3 billion in transactions the 29-year-old executive has “touched” since starting at Greystone in 2016. In his tenure at the institution, the Union College graduate has quickly risen from analyst to associate to vice president, proving his expertise in multifamily deals is quite valuable.
Grover is part of an elite capital advisory team led by Drew Fletcher that does several billion dollars a year in multifamily debt and equity placement, mostly for construction and recapitalizations.
The biggest deal Grover has done to date was $575 million in equity and debt for Douglaston Development’s 931-unit luxury mixed-use residential development at 601 West 29th Street on the Far Wide Side. The deal closed in 2019.
As an executive on the rise, Grover has a knack for finding companies on the rise.
One such example, he cited, is the Shirian Family’s Lions Group.
“They have built hundreds of millions of dollars of multifamily assets in New York City that I helped advise on and they are expanding,” Grover said. “It’s special that I was able to find them in their infancy.”
On the personal side, of utmost importance to Grover is effective altruism, a social movement focused on “evidence-based donating based on cause areas that will have the highest impact,” as he explained. He proudly donates 10 percent of his income to effective charities.—L.E.S.
