New York City.

NEW YORK CITY – Greystone, a commercial real estate lending,investment, and advisory firm, has bulked up its special servicingcapabilities, acquiring Dallas-based C-III Asset Management, aspecial servicer with a $20.7 billion servicing portfolio. C3AM waspreviously a wholly-owned subsidiary of New York-based C-IIICapital Partners. 

"Adding special servicing to our already vast commercial realestate finance expertise is very exciting," said Stephen Rosenberg,CEO and founder of Greystone, in a prepared statement. "The C3AMteam brings some of the brightest minds and greatest talents inthis industry to Greystone, and, under the leadership of Paul, welook forward to working with new clients, lenders, and otherparticipants in the special servicing market."

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.