Greystar Said to Launch $1B US Fund
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Gretystar chairman and CEO Bob Faith
CHARLESTON, SC—Greystar Real Estate Partners has begun raising capital for its next and largest value-add multifamily fund, PERE reported Wednesday. The new Greystar Equity Partners IX seeks to raise up to $1 billion, according to PERE, with a first close scheduled to occur before year’s end. A spokeswoman for Greystar, the nation’s largest operator of apartment buildings, dtells GlobeSt.com the company has no comment.
The new fund would follow on the June 2014 closing of Greystar Equity Partners VIII, a discretionary commingled fund that raised $800 million. It drew upon a diverse group of global investors that included domestic and international pension plans as well as private wealth managers…
