| Company type | Private company |
|---|---|
| Industry | Real Estate |
| Founded | 1993 |
| Founder | Bob Faith |
| Headquarters | Charleston, South Carolina, US |
Key people | Bob Faith, CEO and Chairman |
| Services | Property development, Investment management, Property management |
| Total assets | $35.8 billion[1] |
Number of employees | 14,000 (2018) |
| Website | www |
Greystar Real Estate Partners is an American property developer, investor and manager, particularly of student and other build-to-rent multi-occupancy buildings. As of April 2019, Greystar had $32 billion in gross assets under management.[2][3][4][5]
As of February 2019[update], Greystar manages more than 500,000 units and student beds.[6]
History
editFounded in 1993 by chairman and CEO Bob Faith, and headquartered in Charleston, South Carolina, Greystar has over 12,000 employees,[7] and more than 50 offices in the U.S., Europe, Latin America and the Asia-Pacific region.[8] The company oversees a global portfolio of more than 500,000 conventional units and student beds.[6]
The company began operating in the U.K. in 2013.[9] 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 including debt considerations.[10] As of 2019[update], the National Multifamily Housing Council listed Greystar as the largest apartment manager in the US.[11]
In June 2018, Greystar announced that it would acquire EdR, a manager of college housing communities in the US, for $4.6 billion including debt considerations.[12]
Notable buildings
edit- Ascent Uptown, Charlotte, North Carolina, US[13][14]
- Chapter Spitalfields, London, England[15][16]
References
edit- ^ "Investment Management". Greystar. Retrieved 17 September 2019.
- ^ Drummer, Randyl (9 November 2016). "Apartments Serve a 'Basic Need:' Greystar Founder Bob Faith On Why Multifamily Cycle Still has Legs". CoStar. Archived from the original on 12 November 2016. Retrieved 16 September 2019.
- ^ "Greystar Real Estate Partners LLC". www.bloomberg.com. Retrieved 2018-10-21.
- ^ Editorial, Reuters. "Greystar fund to acquire Monogram in $3 billion deal". U.S. Retrieved 2018-10-21.
{{cite news}}:|first=has generic name (help) - ^ Fu, Lisa (8 April 2019). "To be able to copy & paste content to share with others please contact us at subscriptions@peimedia.com to upgrade your subscription to the appropriate licence". Pere. PEI Media. Retrieved 17 September 2019.
- ^ a b Menear, Harry (19 February 2019). "Multiple investors, led by Greystar Real Estate Partners, announce first close of $450mn China focused fund". Business Chief. Retrieved 26 September 2019.
- ^ Parker, Jim. "Nation's largest apartment manager, based in Charleston, keeps Faith in rental industry". Post and Courier. Retrieved 2018-10-21.
- ^ "About Us". Greystar. Retrieved 26 September 2019.
- ^ Aygoren, Sule (6 November 2018). "Multifamily Influencer: Greystar Real Estate Partners". GlobeSt. Retrieved 26 September 2019.
- ^ Mattioli, Dana (2017-07-04). "Monogram Residential to Be Acquired by Greystar-Led Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-10-21.
- ^ "2019 Manager List". National Multifamily Housing Council. Retrieved 25 September 2019.
- ^ Editorial, Reuters. "Greystar to buy Education Realty in $4.6 billion deal". U.K. Retrieved 2018-10-21.
{{cite news}}:|first=has generic name (help) - ^ "Ascent Uptown Apartments in Charlotte". www.greystar.com. Retrieved 19 October 2018.
- ^ https://www.bizjournals.com/charlotte/news/2017/06/28/a-look-inside-uptown-charlottes-newest-luxury.html
- ^ Patnaude, Art (8 March 2015). "Greystar to Buy U.K. Student-Housing Portfolio". The Wall Street Journal. Retrieved 26 September 2019.
- ^ Allen, Kate (8 March 2015). "Greystar buys Round Hill's Nido housing portfolio for £600m". Financial Times. Retrieved 26 September 2019.
Category:Companies based in Charleston, South Carolina Category:Financial services companies established in 1993 Category:1993 establishments in South Carolina Category:Property management companies