Greenwood Star Hires Red Oak Capital’s Former VP of Capital Markets
Greenwood Star Holdings LLC – a vertically integrated real estate company specializing in the acquisition, management, and disposition of multifamily properties – announced that financial services industry veteran Mindey Morrison has joined the company as director of capital markets.
Morrison has more than 25 years of financial services industry experience. Prior to joining Greenwood Star, she served as senior vice president of capital markets for Red Oak Capital, where she increased sales and cultivated partnerships with third party distributors, including independent financial advisers and registered investment advisers.
As director of capital markets, Greenwood Star said Morrison will develop and maintain relationships with RIAs and family offices throughout the Western United States, presenting Greenwood Star Income & Growth Trust Inc. – a perpetual life private placement focused on high-quality, multifamily assets in the Southern United States and structured specifically for registered investment advisers.
“I am pleased to welcome Mindey to the Greenwood Star team”, said Lisa Li, co-founder and chief executive officer of Greenwood Star Holdings LLC. “Mindey has a proven track record and will be instrumental as we continue to grow our sales and distribution opportunities.”
Morrison received her Bachelor of Arts degree from the University of California, Los Angeles.
Founded in 2013 by Lisa Li and Dawson Lee and headquartered in Atlanta, Greenwood Star and its affiliated companies have owned and managed over 37 multifamily properties with over 7,500 apartment units valued at over $700 million across the Southern United States. Greenwood Star has completed 29 full-cycle multifamily transactions and owns and manages eight multifamily properties with 2,163 units valued at more than $500 million.
Reported previously by Alts Wire, Greenwood Star Income & Growth Trust Inc. announced its first regular distribution of $50 payable to shareholders of record as of Sept. 30, 2024. The distribution was paid on Nov. 5 and reflected a targeted annualized 6% distribution rate based on the stock at valuation per unit, as of Sept. 30. The company said the funds were paid in cash to shareholders or reinvested in shares for shareholders participating in the fund’s distribution reinvestment plan.
The fund acquired its first asset on Sept. 1, 2024 after launching in August, funded entirely out of net operating income. According to its Form D, the fund requires a minimum investment of $100,000.
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