**AVOID RENTAL SCAMS** **CORONAVIRUS (COVID-19) INFO** BLOG CONTACT US/EN APARTMENTS RESIDENTS BUSINESS SERVICES INVESTORS CAREERS ABOUT Greystar Sells Flagship U.S. Multifamily Value-Add Fund for Approximately $3.6 Billion Tuesday, November 9, 2021 Charleston, SC – November 9, 2021 Greystar Real Estate Partners LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, has agreed to sell a 30-property, U.S. multifamily portfolio for ~$3.6 billion. The fund was formed as part of Greystar’s flagship U.S. rental housing value-add fund series. The fund focuses on acquiring well-located, institutional quality apartment communities in target markets throughout the U.S. that present significant upside potential through operational efficiency and capital improvements. Since its launch, the fund series raised $5 billion. In November 2019, Greystar announced the final close of the most recent fund in the series, a $2 billion vehicle, which is now fully invested. The fund series includes a diverse group of global institutional investors from North America, Continental Europe, and Asia-Pacific. “With a presence in 165 markets in the U.S. and 210 markets globally, Greystar’s vertically integrated platform has a breadth of expertise, and a real view on relative value and relative growth,” said Bob Faith, Founder, Chairman and CEO of Greystar. “The disposition demonstrates the value of combining our strong global perspective with our specialized local knowledge to be able to deliver the best outcomes for our capital partners.” Eastdil Secured served as the exclusive financial advisor to Greystar. The transaction is the result of a robust and highly competitive process, with a broad set of leading institutional investors participating in a multi-round bidding process. About Greystar Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $220 billion of real estate in more than 210 markets globally including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 748,000 units/beds, and has a robust institutional investment management platform with approximately $45.1 billion of assets under management, including over $21.3 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com. Greystar Media Inquiries Zain Abouseido zain.abouseido@greystar.com +1 973.945.5593 Media Resources VIEW OUR PRESS KIT Press Release Archives Tuesday, November 16, 2021 Greystar Hires Tyler Williams as Senior Director of Development to Grow Industrial Strategy READ MORE Tuesday, November 9, 2021 Greystar Sells Flagship U.S. Multifamily Value-Add Fund for Approximately $3.6 Billion READ MORE Thursday, November 4, 2021 Key Trends in the Proptech Space: Smart Home Tech READ MORE Wednesday, November 3, 2021 Greystar Closes $600 Million for Three Mixed-Use University Student Housing Projects at Tier 1 Institutions READ MORE Tuesday, September 14, 2021 Greystar acquires a build to rent asset in Madrid with 455 apartments READ MORE VIEW ALL ARCHIVES Apartment Search Browse Listings Residents Business Services Investment Management Property Management Development and Construction Investors Asia-Pacific Europe Latin America United States About Code of Conduct Diversity, Equality & Inclusion Leadership Newsroom Greystar Sustainability Greystar Giving Suppliers / Vendors Global/UK Tax Strategy Careers Contact Us @Home Blog OneGreystar Investor Portal EU Gender Pay Gap Report © 2021 Greystar Worldwide, LLC Privacy Policy Terms & Conditions Disclosures & Licenses DMCA Website Accessibility This website is for informational purposes only and does not constitute an offer, solicitation or recommendation to sell or an offer to purchase any securities, investment products or investment advisory services. This website and the information set forth herein are current as of December 31, 2020 and are not intended to provide investment recommendations or advice. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies