PeerStreet, an online platform for investing in real estate backed loans, announced on Thursday it has appointed Greg Galusha as Head of Commercial Real Estate.
According to PeerStreet, Galusha brings more than 25 years of real estate investment management experience for both institutional and private capital. He previously held positions at the Morgan Stanley Real Estate Fund, PCCP, Trammell Crow, Kearny Real Estate, and Amstar. While at PCCP, he helped grow assets under management from $400 million to $6 billion in nine years. Galusha was also instrumental in underwriting and closing the first non-performing loan auction ($1.3 billion face value) in China to foreign capital in 2001.
PeerStreet reported that in this role, Galusha is responsible for leading PeerStreet’s growing commercial real estate division, which will help PeerStreet expand and enhance the current spectrum of commercial real estate investments offered through its marketplace. Brew Johnson, CEO of PeerStreet, stated:
“Investors have asked for more commercial debt opportunities through the platform and I can’t think of anyone better to expand our commercial efforts. We’re ecstatic to have someone of Greg’s caliber join the team.”
Galusha went on to add:
“Progress in fintech is converging with a surging global appetite for yield, which is increasingly being sourced from alternative investments. PeerStreet is pioneering an end-to-end real estate debt investing solution which makes investing in alternatives easy for a much broader audience. I have observed PeerStreet’s evolution for years and witnessed cautious and diligent execution. Respect, transparency, and customer service is consistently upheld by the PeerStreet team, and I’m excited about where I can add value.”