LOS ANGELES--(BUSINESS WIRE)--PeerStreet, an award-winning platform for investing in real estate backed loans, is excited to announce the appointment of Greg Galusha as Head of Commercial Real Estate. He will be based in the firm’s headquarters in Los Angeles, California.
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.
“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.” said Brew Johnson, CEO of PeerStreet.
Galusha brings more than 25 years of real estate investment management experience for both institutional and private capital to PeerStreet, having closed nearly 100 deals with a market capitalization of approximately $3 billion. Previous employment includes the Morgan Stanley Real Estate Fund, PCCP, Trammell Crow, Kearny Real Estate, and Amstar. At PCCP, he helped grow assets under management from $400 million to $6 billion in nine years. Greg 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.
“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,” said Galusha. “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.”
PeerStreet is an award-winning investment platform focused on democratizing access to real estate debt. The company provides investments in short term, real estate backed loans. PeerStreet allows investors to diversify their capital in an asset class that has been traditionally difficult to access. Loans are sourced and curated from vetted private lenders throughout the United States who have real estate expertise and borrower relationships. The model allows for more borrowers to access capital and improve their local communities, one house at a time.
The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman.