Greystone builds its mortgage portfolios from the bottom-up, drawing on its deep experience in the real estate market and on the other distinctive advantages:
- Independence and freedom from conflicts. The firm’s business is solely that of investment management; consequently, it receives no income or other benefits from mortgage brokerage and administration activities, and its self-interests are not potentially different from those of its clients. Greystone manages mortgages from a total-portfolio perspective, managing risk and return in a manner consistent with the processes applied to all asset classes within Greystone.
- Close integration with the total Greystone investment team for better research & analysis. The firm’s real estate/mortgage team is actively represented on the senior Asset Strategy Team, which offers macro-level input for mortgage and other asset classes. Additionally, the real estate/mortgage team maintains tight working relationships with all asset classes, allowing an integration of other knowledgeable perspectives into the assessment of mortgage opportunities.
Greystone’s style of mortgage investment management is focused on stability of principal and income. It believes this stability derives from the quality of the underlying real estate, the strength, both financial and managerial, of the borrower, and the strength and continuity of income paid by companies occupying space in the mortgaged property.