Greystar Real Estate Partners

Greystar Real Estate Partners is an international real estate developer and manager based in the United States. As of April 2019, Greystar had $32 billion in gross assets under management.[1]

Greystar Real Estate Partners
TypePrivate company
IndustryReal estate
Founded1993 (1993)
FounderBob Faith
HeadquartersCharleston, South Carolina, US
Key people
Bob Faith, CEO and Chairman
ServicesProperty development, Investment management, Property management
Total assetsUS$32 billion (2019)[1]
Number of employees
14,000 (2018)
Websitegreystar.com
Ascent Uptown, operated by Greystar
Chapter Spitalfields, a student hall owned by Greystar

As of February 2019, Greystar manages more than 500,000 units/beds of apartment infrastructure in the United States.[2]

History

Founded in 1993 by chairman and CEO Bob Faith, and headquartered in Charleston, South Carolina, Greystar has over 14,000 employees,[3] and 51 offices in the US, Europe, Latin America and Asia-Pacific region.

The company began operating in the UK in 2013.[4] 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.[5]

In June 2018, Greystar announced that it would acquire EdR, a manager of college housing communities in the US, for $4.6 billion.[6]

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." [7]

Notable buildings

References
  1. Fu, Lisa (8 April 2019). "Greystar hires Angelo Gordon exec to oversee new funds platform". Pere (Press release). PEI Media. Retrieved 17 September 2019.
  2. 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.
  3. Parker, Jim. "Nation's largest apartment manager, based in Charleston, keeps Faith in rental industry". Post and Courier. Retrieved 2018-10-21.
  4. Aygoren, Sule (6 November 2018). "Multifamily Influencer: Greystar Real Estate Partners". GlobeSt. Retrieved 26 September 2019.
  5. Mattioli, Dana (2017-07-04). "Monogram Residential to Be Acquired by Greystar-Led Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-10-21.
  6. Editorial, Reuters. "Greystar to buy Education Realty in $4.6 billion deal". U.K. Retrieved 2018-10-21.
  7. Blake, Matthew (May 26, 2020). "Greystar probed tenants' "character," "reputation," "rental history," lawsuit claims". TRD. Los Angeles. Retrieved May 26, 2020.
  8. Fahey, Ashley (June 28, 2017). "A Look Inside Uptown Charlottes Newest Luxur Apartment High-risey". Charlotte Business Journal.
  9. "Get the big picture: Lamar Union nearing three years of construction, see how it looks today". Financial Times.
  10. "Greystar buys Round Hill's Nido housing portfolio for £600m". Austin Business Journal.
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