RealShare New York Preview: Top NY CRE Players' Insights

Drew Fletcher, Greystone Bassuk Group president

NEW YORK CITY—As the president of Greystone Bassuk, a joint venture that provides real estate investment services to owners and developers and manages more than $15 billion, Drew Fletcher knows New York CRE. He’ll tap into his experiences in moderating the GlobeSt.com RealShare New York conference panel on industry insiders’ perspectives.

In one of his most challenging deals of last year, Fletcher arranged construction financing for a large, ground-up, mixed-income, multifamily project being developed by RXR Realty in Brooklyn. The borrower had purchased an existing leasehold from another developer who had entered into a 99-year ground lease with the landowner, 15 years prior to the transaction. The lease had only 12 years to run until the first fair market value reset.