Kevin Scelfo has left the $203bn (鈧�136bn) New York City Pension and Retirement Systems to join .
Scelfo, who had been managing a $17bn real estate portfolio for five New York City pension funds, has been hired to manage Greystar鈥檚 global multifamily funds and to develop its 鈥渞elationships with key partners鈥�.
Greystar, which is an established multifamily investor in the US, has been expanding in recent years as it seeks to become a global residential investment platform. Last month, the company teamed up with Henderson Park to acquire a 拢101m development site in London.
鈥淕reystar remains committed to attracting and retaining the industry鈥檚 best talent, and Kevin鈥檚 hire is a clear reflection of this strategy,鈥� said Chris MacNaughton, senior managing director of portfolio management at Greystar.
鈥淗is extensive experience managing real estate investment portfolios for large institutions and investment managers will play a pivotal role in supporting the continued growth of our global investment management platform.鈥�
Scelfo oversaw the value-add and opportunistic real estate investments at the bureau of asset management at the Office of the New York City Comptroller, including fund investments, separate accounts and co-investments.
Before that he led the real estate investment portfolio for the $5bn endowment of the New York Presbyterian Hospital.
