Greystar welcomes new managing director of development

Greystar, a rental housing property investment, development and management firm, announced that Yale Dieckmann has joined the company as managing director of development. In his role, Dieckmann will be responsible for managing new development projects and expanding the development team for Greystar in Chicago and throughout the Midwest.

“We are very excited to welcome Yale to our team,” said David Reid, senior managing director of development for Greystar. “His expertise and market knowledge will be invaluable as we continue to increase our development activity throughout the Midwest.”

Dieckmann spent the last five years as executive vice president and chief investment officer of JDL Development in Chicago. He was responsible for the financing and overall execution of JDL’s development portfolio, totaling more than 2,000 units and $1 billion in project value. Prior to joining JDL, Dieckmann worked in the real estate investment division of Northwestern Mutual Life, where he originated more than $530 million in development equity and commercial mortgage loans throughout the Midwest.

Dieckmann is a graduate of Dartmouth College and has his MBA from the Kellogg School of Management at Northwestern University. He is an active member of Urban Land Institute and serves on the board of the Kellogg Real Estate Alumni Club. He will be based at the Greystar Chicago office.