Zachary D. Streit has arranged and closed in excess of $2 billion and has underwritten in excess of $6 billion of debt and equity financings for a broad array of real estate transactions. He has significant experience arranging and closing construction loans, CMBS loans and private/hard money loans across all commercial property types. Zachary’s clients recognize him for his relentless focus on execution and responsiveness.
Zachary is an active member of real estate industry groups and related charities and has a number of professional designations. Affiliations include: Urban Land Institute (ULI), International Council of Shopping Centers (ICSC), National Association of Industrial and Office Parks (NAIOP), Jewish Federation Real Estate and Construction Group (REC), AIPAC Los Angeles Real Estate Group and Jewish National Fund’s (JNF) Commercial Real Estate Division. Zachary is a Member of The State Bar of California and is also a licensed real estate broker in the State of California.
Zachary has 12 years of real estate experience, including 5 years of experience as a principal lender. Prior professional positions include: Managing Director of Originations for Anchor Loans LP; Vice President of Originations at Colony American Finance, a Colony Capital subsidiary; Founder and President of Streit Lending; and Investment Associate, Aviva Investors’ Global Real Estate Multi-Manager Group.
Zachary has a Master of Science in Real Estate Finance from New York University, a Juris Doctorate from the Benjamin N. Cardozo School of Law and a Bachelor of the Arts, Summa Cum Laude, in Political Science from Yeshiva University. Zachary remains involved with his alumni associations.
Zachary is married to his wonderful wife Skylar. He enjoys active recreational activities and is an avid runner, tennis player, skier and boxer. He is also a meditation and yoga enthusiast.
SFR, Multifamily Battle for Investment Dollars
Institutional investors are focused on better yields but aren’t necessarily still aggregating units.
“Continued institutional equity investment in the build for rent space coupled with strong sales prices, absorption trends and rents are going to further lender demand in the space,” says Zachary Streit, senior vice president at George Smith Partners. “We expect and are already seeing new players enter the space, which should have positive impacts on terms for sponsors. In a crowded field, the key is knowing which lenders are likely to perform. I expect lenders will continue to shy away from tertiary markets, due to uncertainty regarding market liquidity, and also urban cores where land is just too expensive to justify the strategy.”
Globe St. 1/7/22
Zack Streit, senior vice president at Los Angeles capital markets advisory firm George Smith Partners, said he's working on three hotel conversion projects today, in Sacramento, Salt Lake City and the Denver metro.
"There’s strong interest in the space from both equity and debt capital sources," he said. "They all seem to get that there’s a real play here: being able to identify assets in great locations ... that offer a lot of walkability and a lot of access to amenities, and are often in places that it would be difficult to buy and/or entitle land."
Triad Business Journal 7/9/2021
What are some current trends you are seeing in the OZ market?
"Significant capital available for projects!"
How do you think the pandemic has impacted the Opportunity Zone industry?
"More capital gains looking to defer taxes and surging demand for multifamily construction projects due to their COVID resilience."