Greystar Real Estate Partners

CHARLESTON, 465 Meeting Street, Suite 500, Charleston, SC 29403, 843.579.9400

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About Greystar Real Estate Partners

Summary

Greystar Real Estate Partners, founded in 1993 by Chairman and CEO Bob Faith, is a United States-based international real estate developer, investor, and manager headquartered in Charleston, South Carolina. As of 2023, the company had over $76 billion in gross assets under management and operated in 17 countries.

According to the National Multifamily Housing Council, Greystar was the largest apartment manager in the United States in 2024, managing over 798,272 units, and the largest apartment owner, with 108,566 units. The company employs more than 27,500 people and has 63 offices across nearly 250 global markets in North America, South America, Europe, and the Asia-Pacific region.

Greystar operates through three main business lines: property management, with over 1 million multifamily units and student beds under management globally; investment management, with assets under management of about $78 billion; and development and construction, with over $35 billion in global development assets. Its portfolio spans multifamily, student housing, single-family rental, and life sciences developments.

The company expanded internationally in 2013 with its UK operations and has grown through major acquisitions, including Monogram Residential Trust in 2017 for $3 billion, EdR in 2018 for $4.6 billion, and the property management arms of Alliance Residential Co. in 2020 and Wood Partners in 2024.

It has also formed multiple joint ventures for student housing, multifamily housing, and life sciences projects, alongside developments such as modular construction initiatives and build-to-rent communities under its Summerwell brand.

The company also has a partnership with Airbnb to allow residents to host short-term rentals.

History

Greystar Real Estate Partners was founded in 1993 by Bob Faith, who serves as Chairman and Chief Executive Officer. The company is headquartered in Charleston, South Carolina. Over the years, it has expanded to employ more than 22,000 people and operate 66 offices representing 224 markets across North America, South America, Europe, and the Asia-Pacific region.

Greystar entered the United Kingdom market in 2013. In July 2017, the company announced the acquisition of Monogram Residential Trust’s 14,000-unit portfolio, consisting of 49 rental communities in ten states, for $3 billion. In June 2018, Greystar acquired EdR, a manager of college housing communities in the United States, for $4.6 billion.

In June 2020, the company acquired the property management arm of Alliance Residential Co., and in October 2020, it purchased a 45% stake in Thackeray Partners. In December 2020, Greystar partnered with Walker & Dunlop and Project Destined to create a paid internship programme for students from diverse backgrounds in Durham, North Carolina. This partnership expanded in 2022 to include students at South Carolina State University.

In March 2021, Greystar, along with Ivanhoé Cambridge and Bouwinvest, launched a $1.1 billion joint venture to develop and acquire housing for students and young professionals in the greater Paris area, and also formed a joint venture in multifamily housing in Chile. In May 2021, Greystar acquired the remaining shares of Thackeray Partners and partnered with the University of South Carolina on a $210 million campus village project.

That year, it also partnered with CPP Investment Board for life sciences development, starting with a $74 million office and laboratory in Somerville, Massachusetts, and announced ventures in single-family and multifamily rental development. In November 2021, the company committed $600 million to further student housing developments in partnership with the University of Maryland, College Park, and the University of Texas at Austin. In December 2021, Greystar acquired Fizzy Living and began expanding into the industrial sector.

In June 2021, the company secured approximately $883 million in investments to expand in European cities. In 2023, it developed a 21-storey building in Chicago and a mixed-use complex in downtown Austin, and acquired the London site of the 2012 Summer Olympics for residential conversion. It also opened a modular construction factory in Knox, Pennsylvania, and began its first modular multifamily project in Coraopolis, Pennsylvania, in August 2023. In June 2023, it broke ground on Summerwell Sunterra, a build-to-rent community in the Houston area. By September 2023, Greystar had acquired or developed 12 communities under its Summerwell single-family rental brand.

In February 2024, Greystar acquired the property management arm of Wood Partners, adding 38,000 units to its management portfolio. In April 2024, it became the largest apartment owner in the United States after adding over 10,000 units in 2023. The company also formed a partnership with Airbnb to allow residents to host their homes as short-term rentals. In August 2024, Greystar announced plans to expand into infrastructure development.

Portfolio

Greystar Real Estate Partners oversees a large and diverse global portfolio. The company manages and operates in excess of $300 billion worth of real estate across nearly 250 markets worldwide, with assets under management of approximately $78 billion. It has more than 303,000 owned units across various geographic markets and investment strategies. As of the end of the first quarter of 2025, its investment advisers’ regulatory assets under management stood at $30.8 billion.

Greystar’s operations are structured across several strategic verticals and brands that cater to distinct living segments, including student housing, active adult living, single-family build-to-rent properties under its Summerwell platform, and essential housing. Its property management portfolio includes more than 1 million multifamily units and student beds globally.

The company’s portfolio features a range of significant development projects in different regions. Notable examples include Ascent Uptown in Charlotte, United States, a 33-storey build-to-rent high-rise offering apartments with amenities such as a rooftop pool, fitness centre, communal lounge, and a farm-to-table restaurant. Kingston South End in Charlotte is a 24-storey transit-oriented residential tower developed in partnership with White Point Partners, expected to be completed in 2024.

In Dublin, Ireland, Greystar acquired part of the Dublin Landings development in 2019, comprising 268 apartments and 210 car-parking spaces for approximately €154.6 million. In Vienna, Austria, the company acquired DC Tower 3 in 2022 for over €100 million; this 34-storey student residence contains 832 serviced apartments, a fitness studio, and a rooftop terrace.

Greystar is also active in investment funds and joint ventures. In April 2024, it closed its 11th U.S. Multifamily Value-Add Real Estate Fund with $1.9 billion in equity commitments. In November 2020, the company formed a $250 million joint venture to develop a portfolio of Class A multifamily assets in the United States, for which it serves as the managing partner.

Leadership Team

Bob Faith | Founder, Chairman, and CEO
Jodi Bearden | Chief Administrative Officer
Wes Fuller | Chief Investment Officer
Andrew Livingstone | Chief Operating Officer
Derek Ramsey | Chief Financial Officer

References

Greystar: Apartments & Homes for Rent | Greystar
Greystar | LinkedIn
Greystar | Wikipedia
Greystar Real Estate Partners, LLC | IPE Reference Hub
About Greystar | Greystar
Greystar Real Estate Partners LLC | Bloomberg
Greystar Real Estate Partners | Institution Profile
Greystar Real Estate Partners 2025 Company Profile | PitchBook
Greystar Real Estate Partners | GRI Club Platform
Greystar Property Management Company | Apartments
Greystar – Overview, News & Similar Companies | ZoomInfo
Greystar Real Estate Partners Archives | Multifamily Executive

CHARLESTON, 465 Meeting Street, Suite 500, Charleston, SC 29403, 843.579.9400

Email: [email protected]
Website https://www.greystar.com/

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