Key Takeaways
- • Richard L. Dugoff appointed Head of Greystone's Bridge Lending platform and Portfolio Manager for the Greystone Senior Debt Fund, effective May 6, 2025, reporting to Co-COOs Greg Lyss and Chip Hudson.
- • Greystone Senior Debt Fund manages approximately $4.1 billion in loans secured primarily by multifamily and senior housing properties, with strategic underwriting for takeout financing through Fannie Mae, Freddie Mac, and FHA/HUD.
- • Dugoff brings institutional real estate debt expertise, having previously led a Nuveen Real Estate/PCCP joint fund that raised over $1.5 billion in capital commitments and managed over $4.3 billion in transitional senior loans, construction loans, and mezzanine debt.
- • At J.P. Morgan Asset Management's Global Fixed Income Division, Dugoff served as Managing Director and Head of Commercial Real Estate Debt, overseeing more than $5 billion in new loan investments and chairing the Real Estate Debt Investment Committee.
- • Appointment signals Greystone's strategic focus on bridge lending and debt fund management within the multifamily and senior housing sectors during a period of heightened interest in takeout financing alternatives.
Summary
Greystone, a national commercial real estate finance firm, has appointed Richard L. Dugoff as Head of its Bridge Lending platform and Portfolio Manager for the Greystone Senior Debt Fund, effective May 6, 2025. The appointment reflects a leadership expansion at the firm's New York headquarters, with Dugoff reporting directly to Co-Chief Operating Officers Greg Lyss and Chip Hudson.
The Greystone Senior Debt Fund, established in 2018, is an open-ended investment vehicle managing approximately $4.1 billion in loans. The fund's portfolio is primarily secured by multifamily and senior housing properties, with loans strategically underwritten to facilitate takeout financing through government-sponsored enterprises and agencies including Fannie Mae, Freddie Mac, and FHA/HUD. This positioning aligns the fund with borrower transition strategies in the multifamily and senior living sectors.
Dugoff's background demonstrates substantial experience in institutional-scale real estate debt management. Most recently, he served as Managing Director and Fund Manager of an open-ended core plus real estate debt fund jointly sponsored by Nuveen Real Estate and PCCP, a role he held beginning in 2017. During that tenure, he led fund structuring, launch, and fundraising efforts, ultimately raising over $1.5 billion in capital commitments and managing a portfolio encompassing more than $4.3 billion in transitional senior loans, construction loans, and mezzanine debt secured by diversified U.S.-based collateral.
Prior to his work at Nuveen, Dugoff held the position of Managing Director and Head of Commercial Real Estate Debt within J.P. Morgan Asset Management's Global Fixed Income Division, where he oversaw more than $5 billion in new loan investments and chaired the firm's Real Estate Debt Investment Committee. His career also includes positions in real estate banking and acquisitions at J.P. Morgan, Related Companies, and Chemical Bank, providing a foundation spanning debt structuring, capital markets, and property-level real estate operations.
The appointment underscores Greystone's emphasis on professional fund management and institutional capital deployment within the commercial real estate debt market, particularly within multifamily and senior housing segments where refinancing demand and takeout strategies remain strategic considerations for borrowers and lenders.
The Greystone Senior Debt Fund, established in 2018, is an open-ended investment vehicle managing approximately $4.1 billion in loans. The fund's portfolio is primarily secured by multifamily and senior housing properties, with loans strategically underwritten to facilitate takeout financing through government-sponsored enterprises and agencies including Fannie Mae, Freddie Mac, and FHA/HUD. This positioning aligns the fund with borrower transition strategies in the multifamily and senior living sectors.
Dugoff's background demonstrates substantial experience in institutional-scale real estate debt management. Most recently, he served as Managing Director and Fund Manager of an open-ended core plus real estate debt fund jointly sponsored by Nuveen Real Estate and PCCP, a role he held beginning in 2017. During that tenure, he led fund structuring, launch, and fundraising efforts, ultimately raising over $1.5 billion in capital commitments and managing a portfolio encompassing more than $4.3 billion in transitional senior loans, construction loans, and mezzanine debt secured by diversified U.S.-based collateral.
Prior to his work at Nuveen, Dugoff held the position of Managing Director and Head of Commercial Real Estate Debt within J.P. Morgan Asset Management's Global Fixed Income Division, where he oversaw more than $5 billion in new loan investments and chaired the firm's Real Estate Debt Investment Committee. His career also includes positions in real estate banking and acquisitions at J.P. Morgan, Related Companies, and Chemical Bank, providing a foundation spanning debt structuring, capital markets, and property-level real estate operations.
The appointment underscores Greystone's emphasis on professional fund management and institutional capital deployment within the commercial real estate debt market, particularly within multifamily and senior housing segments where refinancing demand and takeout strategies remain strategic considerations for borrowers and lenders.
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