PeerStreet, a platform for investing in real estate-backed loans, has hired Greg Galusha as head of commercial real estate.
Galusha will be based in the firm’s Los Angeles headquarters. He brings more than 25 years of real estate investment management experience for institutional and private capital, having closed nearly 100 deals with a market capitalization of approximately $3 billion.
Galusha’s previous employers include Morgan Stanley Real Estate Fund, PCCP, Trammell Crow, Kearny Real Estate, and Amstar. At PCCP, he helped grow assets under management from $400 million to $6 billion in nine years. In 2001, Galusha was instrumental in underwriting and closing the first non-performing loan auction ($1.3 billion face value) in China to foreign capital.
“Progress in fintech is converging with a surging global appetite for yield, which is increasingly being sourced from alternative investments,” Galusha said. “PeerStreet is pioneering an end-to-end real estate debt investing solution, which makes investing in alternatives easy for a much broader audience.”
PeerStreet provides investments in short-term, real estate-backed loans. The company allows investors to diversify their capital in an asset class that has been traditionally difficult to access. Loans are sourced and curated from vetted private lenders across the country who have real estate expertise and borrower relationships.
PeerStreet is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman.