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| revenue =
| revenue =
| net_income =
| net_income =
| assets = {{USD|49.9|link=yes}} billion (2022)<ref>{{cite news |last1=Brown |first1=Carl |title=Greystar agrees £2.2bn build-to-rent partnership with sovereign wealth fund |url=https://www.housingtoday.co.uk/news/greystar-agrees-22bn-build-to-rent-partnership-with-sovereign-wealth-fund/5115306.article |access-date=12 October 2022 |work=Housing Today |date=17 December 2021 |language=en}}</ref>
| assets = {{USD|49.9|link=yes}} billion (2022)<ref name=aum/>
| equity =
| equity =
| num_employees = 20,000 (2019)<ref>{{cite news |last1=Campbell |first1=Will |title=Greystar buys Vancouver apartment complex the Pointe for $100 million |url=https://www.columbian.com/news/2021/aug/31/greystar-buys-vancouver-apartment-building-the-pointe-for-100-million/ |access-date=12 October 2022 |work=The Columbian |date=31 August 2021}}</ref>
| num_employees = 20,000 (2022)
| homepage = {{URL|greystar.com}}
| homepage = {{URL|greystar.com}}
| footnotes =
| footnotes =
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[[File:Roosevelt_Point_Apartments,_Phoenix,_Arizona.jpg|thumb|Roosevelt Point Apartments in [[Phoenix, Arizona]], are operated by Greystar]]
[[File:Roosevelt_Point_Apartments,_Phoenix,_Arizona.jpg|thumb|Roosevelt Point Apartments in [[Phoenix, Arizona]], are operated by Greystar]]


'''Greystar Real Estate Partners''' is a US-based international real estate developer and manager offering expertise in investment management, development, and management of rental housing properties globally. As of September 2021, Greystar had $49.9 billion n in gross [[assets under management]], and operated in 16 countries in 2022.<ref>{{Cite news |date=2021-12-08 |title=CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/press-releases/2021-12-08/cpp-investments-and-greystar-form-u-s-purpose-built-single-family-rental-joint-venture |access-date=2022-06-14}}</ref>
'''Greystar Real Estate Partners''' is a US-based international real estate developer and manager offering expertise in investment management, development, and management of rental housing properties globally. As of December 2021, Greystar had $49.9 billion in gross [[assets under management]],<ref>{{Cite news |date=2021-12-08 |title=CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/press-releases/2021-12-08/cpp-investments-and-greystar-form-u-s-purpose-built-single-family-rental-joint-venture |access-date=2022-06-14}}</ref> and operated in 16 countries in 2022.<ref>{{cite news |last1=Murphy |first1=Roland |title=Greystar to Invest $500M Developing Peoria Place |url=https://azbex.com/planning-development/greystar-to-invest-500m-developing-peoria-place/ |access-date=12 October 2022 |work=AZBEX |date=15 April 2022}}</ref>


Greystar was the largest apartment management company in the United States in 2021, with over 754,000 units/beds of apartment infrastructure.<ref>{{Cite web |last=Board |first=Canada Pension Plan Investment |title=CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture |url=https://www.newswire.ca/news-releases/cpp-investments-and-greystar-form-u-s-purpose-built-single-family-rental-joint-venture-810287137.html |access-date=2022-06-14 |website=www.newswire.ca |language=en}}</ref>
Greystar was the largest apartment management company in the United States in 2021, with over 754,000 units/beds of apartment infrastructure.<ref>{{Cite web |last=Board |first=Canada Pension Plan Investment |title=CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture |url=https://www.newswire.ca/news-releases/cpp-investments-and-greystar-form-u-s-purpose-built-single-family-rental-joint-venture-810287137.html |access-date=2022-06-14 |website=www.newswire.ca |language=en}}</ref>

Revision as of 00:14, 12 October 2022

Greystar Real Estate Partners
Company typePrivate company
IndustryReal estate
Founded1993; 32 years ago (1993)
FounderBob Faith
HeadquartersCharleston, South Carolina, US
Key people
Bob Faith, CEO and Chairman
ServicesProperty development, Investment management, Property management
Total assetsUS$49.9 billion (2022)[1]
Number of employees
20,000 (2019)[2]
Websitegreystar.com
Roosevelt Point Apartments in Phoenix, Arizona, are operated by Greystar

Greystar Real Estate Partners is a US-based international real estate developer and manager offering expertise in investment management, development, and management of rental housing properties globally. As of December 2021, Greystar had $49.9 billion in gross assets under management,[3] and operated in 16 countries in 2022.[4]

Greystar was the largest apartment management company in the United States in 2021, with over 754,000 units/beds of apartment infrastructure.[5]

History

Founded in 1993 by chairman and CEO Bob Faith, and headquartered in Charleston, South Carolina, Greystar has over 20,000 employees, and 64 offices in the US, Europe, Latin America and Asia-Pacific region.[6]

The company began operating in the UK in 2013.[7] In July 2017, Greystar announced it would acquire Monogram Residential Trust's 14,000-unit portfolio of 49 rental communities in ten states, for $3 billion.[8]

Starting in 2018, Greystar announced that multiple acquisitions, including EdR, a manager of college housing communities in the US, for $4.6 billion.[9]

In 2019, the company was sued for violating consumer protection laws. In an Los Angeles County Superior Court filing, Greystar was charged with gathering extensive personal identifying information about its tenants without their knowledge or consent. At five Greystar-owned apartment buildings, the company collected information about its tenants' "character" and "general reputation."[10]

In 2020, Greystar acquired Alliance Residential Co. in 2020,[11] and in October of 2020, Greystar acquired 45% of Thackeray Partners with the future option to purchase the remainder of ownership interest within two years.[12] That December, Greystar, Walker & Dunlap, and Project Destined partnered together to provide students of diverse backgrounds a paid internship with real-world real estate and investment opportunities in Durham, North Carolina.[13]

2021 saw Greystar announce a number of large scale partnerships and projects, including the acquisition of Fizzy Living[14] and a partnership with the University of South Carolina to create a 1800 unit Campus Village in Columbia, South Carolina,[15] and further student housing portfolio development with an additional $600 million investment with partnerships with University of Maryland, College Park and University of Texas at Austin.[16] In March of 2021, Greystar, along with partners Ivanhoé Cambridge and Bouwinvest, announced a $1.1 billion dollar joint venture to develop and acquire housing for students and young professionals in the greater Paris region,[17] and a multifamily joint venture in Chile.[18] Greystar also announced a partnership with CPP Investment Board to diversify into life sciences development with a $74 million, 468,000 square-foot, 18 story office and lab in Somerville, Massachusetts,[19] as well as a joint venture to develop and acquire both purpose-built single-family and multi-family rental communities in the United States.[20][21] In June, Greystar secured over $880 million of investments to expand markets in the United Kingdom, Netherlands, Spain, Ireland, France, Germany, and Austria to integrate the “pan-European” residential platform.[22] By the year's end, Greystar closed on the remaining 55% of the acquisition of Thackeray[23] and made further plans to expand into the industrial sector, targeting the Houston, Utah and Louisiana markets.[24]

In March of 2022, Greystar and Project Destined expanded their partnership to students at South Carolina State University.[25]

In 2022, Greystar operated in thirteen countries,[26] including China, France, Germany, Ireland, Mexico, the Netherlands, Spain, the United Kingdom, and the United States.[27]

Notable buildings

Awards

  • Recipient of the PERE's 2021 for Residential Investor of the Year, North America, Residential Investor of the Year, Europe and Residential Investor of the Year, Asia[30]
  • Ranked #1 Largest Apartment Manager,[31] #6 Largest Apartment Owners,[32] #1 Largest Developer,[33] and #6 Largest Builder[34] in the 2021 NMHC Rankings
  • Ranked #1 Top Property Owner and Top Development Firm in the 2021 Multi-Housing News Rankings[35][36]
  • Recipient of the 2021 CRE Awards: Multi-family for Neptune Marina[37]
  • Recipient of 2021 GlobeSt's Influencers in Multifamily Real Estate Awards for both their Alliance Acquisition Team and for the developer as a whole[38]
  • Recipient of PERE's 2020 Awards for Residential Investor of the Year, North America,[39] Global Residential Investor of the Year,[40] and Firm of the Year, Australia[41]
  • Greystar is #47 on the PERE 100[42]

References

  1. ^ Brown, Carl (17 December 2021). "Greystar agrees £2.2bn build-to-rent partnership with sovereign wealth fund". Housing Today. Retrieved 12 October 2022.
  2. ^ Campbell, Will (31 August 2021). "Greystar buys Vancouver apartment complex the Pointe for $100 million". The Columbian. Retrieved 12 October 2022.
  3. ^ "CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture". Bloomberg.com. 2021-12-08. Retrieved 2022-06-14.
  4. ^ Murphy, Roland (15 April 2022). "Greystar to Invest $500M Developing Peoria Place". AZBEX. Retrieved 12 October 2022.
  5. ^ Board, Canada Pension Plan Investment. "CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture". www.newswire.ca. Retrieved 2022-06-14.
  6. ^ "CPP Investments and Greystar Form U.S. Purpose-Built Single-Family Rental Joint Venture". Bloomberg.com. 2021-12-08. Retrieved 2022-06-14.
  7. ^ Aygoren, Sule (6 November 2018). "Multifamily Influencer: Greystar Real Estate Partners". GlobeSt. Retrieved 26 September 2019.
  8. ^ Mattioli, Dana (2017-07-04). "Monogram Residential to Be Acquired by Greystar-Led Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-10-21.
  9. ^ Reuters Editorial. "Greystar to buy Education Realty in $4.6 billion deal". U.K. Retrieved 2018-10-21. {{cite news}}: |author= has generic name (help)
  10. ^ Blake, Matthew (May 26, 2020). "Greystar probed tenants' "character," "reputation," "rental history," lawsuit claims". TRD. Los Angeles. Retrieved May 26, 2020.
  11. ^ "Greystar Acquires Alliance's Property Management Arm". Multifamily Real Estate News. 2020-06-03. Retrieved 2022-06-14.
  12. ^ "Greystar Buys Stake in Thackeray Partners". Multifamily Real Estate News. 2020-09-17. Retrieved 2022-06-14.
  13. ^ Inc, Walker & Dunlop. "Project Destined, Walker & Dunlop, and Greystar Launch Innovative Internship Program for Underserved Students in Middle School, High School, and University". www.prnewswire.com. Retrieved 2022-06-14. {{cite web}}: |last= has generic name (help)
  14. ^ Lee, Evelyn (2021-12-16). "ADIA, Greystar form £2.2bn UK rental housing joint venture". PERE. Retrieved 2022-06-14.
  15. ^ jholdman@postandcourier.com, Jessica Holdman. "USC breaks ground on $210M student housing project — largest in school's history". Post and Courier. Retrieved 2022-06-14.
  16. ^ jmcdermott@postandcourier.com, John McDermott. "Charleston's Greystar to invest $600M in student housing projects". Post and Courier. Retrieved 2022-06-14.
  17. ^ "Ivanhoé, Greystar, Bouwinvest Form $1.1B Venture". Multifamily Real Estate News. 2020-06-23. Retrieved 2022-06-14.
  18. ^ staff2022-01-20T14:00:00+00:00, I. P. E. "Greystar and Ivanhoé Cambridge form multifamily JV in Chile". Real Assets. Retrieved 2022-06-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  19. ^ Greystar. "Greystar Hires Kerry Hawkins to Support Life Science Growth". www.prnewswire.com. Retrieved 2022-06-14.
  20. ^ December 10, Paul Bergeron |; AM, 2021 at 07:24. "Greystar, CPP Investments Partner on SFR Market". GlobeSt. Retrieved 2022-06-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  21. ^ "CPP Investments and Greystar to invest $389m in U.S. multifamily developments | News". Institutional Real Estate, Inc. 2021-01-07. Retrieved 2022-06-14.
  22. ^ jmcdermott@postandcourier.com, John McDermott. "SC real estate giant Greystar doubles down on the Continent". Post and Courier. Retrieved 2022-06-14.
  23. ^ "Greystar Acquires Majority Interest in Thackeray Partners". Multifamily Real Estate News. 2021-05-18. Retrieved 2022-06-14.
  24. ^ Ou, Christie (2021-12-01). "Greystar makes industrial push into new region". PERE. Retrieved 2022-06-14.
  25. ^ "Greystar and Project Destined partner to support diversity in real estate with launch of virtual internship program at South Carolina State University". Who's On The Move. 2022-03-17. Retrieved 2022-06-14.
  26. ^ Nelson, John (2020-06-02). "Greystar Acquires Property Management Business of Alliance Residential, Including Future Business". REBusinessOnline. Retrieved 2022-06-14.
  27. ^ "Discover Where You Want to Live". Retrieved 9 January 2022.
  28. ^ Fahey, Ashley (June 28, 2017). "A Look Inside Uptown Charlottes Newest Luxur Apartment High-risey". Charlotte Business Journal.
  29. ^ "Get the big picture: Lamar Union nearing three years of construction, see how it looks today". Financial Times.
  30. ^ Staff, PERE (2022-03-01). "PERE Awards 2021: And the award goes to..." PERE. Retrieved 2022-06-14.
  31. ^ "2021 Top Manager List". www.nmhc.org. Retrieved 2022-06-14.
  32. ^ "2021 Top Owners List". www.nmhc.org. Retrieved 2022-06-14.
  33. ^ "2021 Top Developers List". www.nmhc.org. Retrieved 2022-06-14.
  34. ^ "2021 Top Builders". www.nmhc.org. Retrieved 2022-06-14.
  35. ^ "2021 Top Multifamily Development Firms". Multifamily Real Estate News. 2021-11-30. Retrieved 2022-06-14.
  36. ^ "2021 Top Multifamily Property Owners". Multifamily Real Estate News. 2021-10-28. Retrieved 2022-06-14.
  37. ^ "2021 CRE AWARDS: MULTI-FAMILY". Los Angeles Business Journal. 2021-03-01. Retrieved 2022-06-14.
  38. ^ October 15, Erika Morphy |; AM, 2021 at 07:00. "Multifamily Influencers". GlobeSt. Retrieved 2022-06-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  39. ^ Khullar, Arshiya (2021-03-03). "Global awards: Headwinds cannot stop progress". PERE. Retrieved 2022-06-14.
  40. ^ Khullar, Arshiya (2021-03-03). "Global awards: Headwinds cannot stop progress". PERE. Retrieved 2022-06-14.
  41. ^ Khullar, Arshiya (2021-03-03). "Global awards: Headwinds cannot stop progress". PERE. Retrieved 2022-06-14.
  42. ^ Staff, PERE (2021-05-31). "Pandemic trips up the PERE 100". PERE. Retrieved 2022-06-14.

Category:Companies based in Charleston, South Carolina Category:Financial services companies established in 1993 Category:Real estate companies established in 1993 Category:1993 establishments in South Carolina Category:Property management companies

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