When we founded Greystar in 1993
(resulting from a merger with Greystone; founded in 1978), we did it with a
clear idea of where the company would be in 5, 10 and even 20 years.
Establishing a presence in desirable real estate markets and then staying in
those markets with property management experts is just one part of the business
plan that positioned Greystar for growth. Developing a strong investment
division of the company was another part that has allowed us to choose timely
real estate projects while riding out the ups and downs of the market. We also
realized the importance of spotting trends on a national level but implementing
them at the local level. Finally, we believed having partners who have ownership
in the business are the best people to oversee each local and regional market.
It’s an approach that has allowed us to establish and maintain an
entrepreneurial spirit that continues to attract high-quality clients, investors
and team members to the company.
Fortified with a smart business plan and
our original intent to bring world-class service to the multifamily real estate
industry, Greystar has grown from its start in Houston, Texas, in 1993 with
9,000 managed residences to over 150,000 today. We’re proud that our commitment
to operational excellence has made us one of the largest and most respected
property management companies in the country.
In 1999, our corporate headquarters
moved to Charleston, South Carolina and we now maintain 15 different city
offices around the country and have a presence in over 90 markets.
Our three lines of business, property
management, investment, and development, all enjoy national footprints. Our
investment division was formed in 2001 and already has surpassed $1.4 billion in
investments since its inception. Our development division currently has more
than $500 million in its pipeline.
Throughout our history, the best and
brightest minds in real estate have joined our team. Bill Maddux, a former COO
of Trammell Crow Companies, assumed the role of Chief Operating Officer in 1999.
Derek Ramsey came to Greystar in 1997 with an extensive background in corporate
finance, and is currently Chief Financial Officer. We feel very strongly that
our company can and will continue to redefine excellence in multifamily real
estate by investing in the most talented people.
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