Greystar Real Estate Partners

Founded in 1993 by chairman and CEO Bob Faith, and headquartered in Charleston, South Carolina, Greystar has 20,000 employees[2] and 51 offices in the US, Europe, Latin America and Asia-Pacific region.

The company began operating in the UK in 2013.[5] 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.[6]

In June 2018, Greystar announced that it would acquire EdR, a manager of college housing communities in the US, for $4.6 billion.[7]

In 2019, the company was sued for violating consumer protection laws. In a 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."[8] In 2021, the firm's business model was alleged to be adding to Ireland's housing crisis.[9]

Greystar acquired the property management arm of Alliance Residential Co. in June 2020,[10] and in October 2020, Greystar acquired 45% of Thackeray Partners.[11] That December, Greystar partnered with Walker & Dunlop and Project Destined to create a paid internship program for students from diverse backgrounds in Durham, North Carolina.[12] Greystar and Project Destined expanded their partnership to students at South Carolina State University in 2022.[13]

In March 2021, Greystar, along with partners Ivanhoé Cambridge and Bouwinvest, announced a $1.1 billion joint venture to develop and acquire housing for students and young professionals in the greater Paris area[14] and joint venture in multifamily housing in Chile.[15] Greystar acquired the rest of Thackeray Partners in May 2021[16][17] and partnered with the University of South Carolina to create a $210 million campus village.[18] Greystar also announced a partnership with CPP Investment Board to pursue life sciences development with a $74 million office and lab in Somerville, Massachusetts,[19] as well as a joint venture to develop and acquire single-family and multifamily rental communities.[20][21] In November, the company announced an additional $600 million investment in more student housing development, with partnerships with the University of Maryland, College Park and the University of Texas at Austin.[22] In December 2021, Greystar acquired Fizzy Living[23] and began expanding its presence in the industrial sector.[24]

Greystar secured roughly $883 million of investments in June 2021 to expand in major cities across Europe.[25] By July 2022, the Greystar Equity Partners Europe I fund had attracted €1.55 billion ($1.57 billion) and its portfolio included 22 properties in six countries.[1]

In 2021, the National Multifamily Housing Council ranked Greystar the #1 largest apartment manager,[26] #6 largest apartment owner,[27] #1 largest developer,[28] and #6 largest builder.[29] In 2022, Greystar operated in 13 countries,[30] including China, France, Germany, Ireland, Mexico, the Netherlands, Spain, the United Kingdom, and the United States.[31]