Earlier this month, Cushman & Wakefield invested $500 million in Greystone’s agency, FHA, and servicing businesses, boosting its overall capital solutions platform, including the build-out of its proprietary CMBS offering.

Read more: Commercial real estate leader goes all in on multifamily

“The CMBS market is poised for a new model that will be a breath of fresh air for commercial property investors in the ease of execution while, at the same time, delivering CMBS investors loans of strong credit quality,” Highfield, who will report to executive vice president Kevin Williams, added. “Combined with its other industry-leading debt platforms, Greystone’s capital solutions offerings are second to none in CRE, and I’m thrilled to be leading the charge for expansion in the conduit sector with a strong nationwide team.”

Highfield, a 25-year veteran in the real estate industry, made the switch to Greystone from Starwood Mortgage Capital, where he most recently served as president. He has also held a variety of roles as a director at Blackrock Solutions and as a principal at Banc of America Securities.

“I am confident that Rich’s deep expertise will provide an incredible foundation for our growth in lending on an expanded set of commercial asset classes, and as we continue to pioneer a new approach to CMBS,” Rosenberg said.