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Greystar Real Estate Partners is an international real estate developer and manager based in the United States. As of 2023, Greystar had over $76 billion in gross assets under management , [ 1 ] and operated in 17 countries.
The U.S. Federal Trade Commission and the State of Colorado have filed a complaint against Greystar, a multi-family rental property manager, alleging that it deceived consumers about rental costs ...
The company had its origins in Equity Finance and Management Company, founded in 1969 by real-estate investor Sam Zell. [3]In 1993, the company acquired a large portfolio of properties from Barry Sternlicht and Bob Faith who went on start Starwood and Greystar respectively in exchange for a 20% stake in the company.
Faith is also expanding the business beyond multifamily rental properties to sectors including life sciences, [17] purpose-built single-family rentals, [18] and industrial. [15] As of November 2021, Greystar is the largest operator of apartments in the United States, with $45.1 billion of assets under management. [19]
The world's four largest consulting and accounting firms collectively employ 1.5 million staff and take up prime commercial real estate in hundreds of major cities worldwide.
In 2019, the firm continued its expansion into the southeast property markets entering Atlanta in January partnering with Tokyu Land US Corp on two metro Atlanta projects for $100 million. [ 18 ] and North Carolina in September 2019 by acquiring an 830-unit portfolio in Raleigh, NC for $108.7 million.
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