January 25, 2023, Austin, TX – Greysteel, a national commercial real estate investment services firm, announced the promotion of J.R. Ellis to Managing Director | Investment Sales. J.R. Ellis has over nine years of diverse real estate experience, with an emphasis on the multifamily industry throughout the Austin and San Antonio markets. Since joining Greysteel in 2019, Mr. Ellis has closed nearly a half billion dollars in sales transactions with a focus on multifamily assets and development sites.

‘’J.R. has been an exceptional leader since he joined Greysteel in 2019. His tireless work ethic, industry experience, and thoughtfulness make him a tremendous advocate for his clients and helped take our presence in Texas to new heights.’’ Said Vice President Mark Bittenbender.

The Greysteel Office in Austin, Texas continues to experience rapid growth. Since opening, the number of professionals in the office has increased fivefold and today Greysteel Austin’s growing team provides the full suite of capital event solutions, including Investment Sales, Capital Markets, and Structured Finance.

“Greysteel was a good move for me in 2019. We have great people, an innovative spirit, and meaningful collaboration across our national platform. We look forward to continuing to serve the central Texas multifamily market.’’ Said Managing Director J.R. Ellis.

According to Greysteel’s Market Report, Austin is the 4th most populated city in the state and 11th largest in the nation with over 1.0 million residents. The city has over 41,000 multifamily units currently under construction (as of Q4 2022) and the Multifamily rents have increased by 5.6% over the past 12 months. The city’s thriving economy affords residents an excellent quality of life for years to come through its robust education infrastructure, unique cultural events, and experiences.