**Avoid Rental Scams**
Blog
Customer Help
US/en

Select Country

Select Language

Remember this selection

By making this selection, you will be redirected to the homepage of the chosen country.
Select

**Avoid Rental Scams**
Apartments
- Search All Apartments
Residents
Business Services
Product Specialties
Regions
- North America
- Europe
  - Europe Overview
  - France
  - Germany
  - Ireland
  - Netherlands
  - Spain
  - United Kingdom
- Asia-Pacific
- South America
Careers
About Us
Blog
Customer Help
US/en

Select Country

Select Language

Remember this selection

By making this selection, you will be redirected to the homepage of the chosen country.
Select

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 September 30, 2024, and are not intended to provide investment recommendations or advice.

Greystar Expands Footprint in Metro Philadelphia

Press Release March 18, 2025

Philadelphia, PA – March 18, 2025 – Greystar, a global leader in rental housing, investment management, development, and property management, today announced four new developments in the metro Philadelphia area. These projects expand Greystar’s presence in Pennsylvania and New Jersey, bringing high-quality rental housing to in-demand locations.

MALVERN DEVELOPMENTS: STRENGTHENING GREYSTAR’S FOOTHOLD IN PENNSYLVANIA’S HIGH-GROWTH SUBMARKETS

Greystar’s first developments in the Philadelphia suburbs are underway in Malvern, a highly desirable submarket known for its top-rated schools, strong employment base, and access to premier retail, dining, and recreation options. Both projects are located along Route 29, with convenient access to Route 30, Route 202, and I-76, and are near major employers such as Vanguard and CubeSmart’s global headquarters. This project will feature two product types:

• Multifamily: A five-story, 267-unit conventional multifamily community featuring a mix of one-, two-, and three-bedroom residences. Residents will enjoy best-in-class amenities, including a fitness center, sports simulator, lounge, coworking space, rooftop lounge, pool courtyard, grilling stations, a game lawn, and outdoor TVs. The community is across the street from the popular Valley Creek Park. Construction is underway, with completion expected in Spring 2027.

• Active Adult: Greystar’s first active adult development in Pennsylvania, Album Great Valley, will deliver 133 age-restricted for-rent residences tailored to the 55+ community. With strong demand for low-maintenance, high-quality rental housing in the region, this development will offer an exclusive living experience with amenities such as a lounge, game and movie room, bar, outdoor grilling and pool area, and a fitness center. Completion is projected for Winter 2026.

MODULAR HOUSING EXPANDS IN PENNSYLVANIA AND NEW JERSEY

Greystar continues to scale its modular development platform with new projects in Elizabethtown, Pennsylvania, and Woodbury Heights, New Jersey, to address rental housing shortages in these regions. With multifamily vacancy rates near record lows and limited new supply coming online, these developments aim to meet increasing demand for high-quality rental housing.

"The need for modern, well-located rental communities continues to grow, and our modular platform allows us to deliver housing efficiently while maintaining high construction standards," said George Hayward, Managing Director for Greystar Development.

• Klein Mills, Greystar's second modular development in Pennsylvania, will bring 280 market-rate units to the Lancaster-Harrisburg corridor. The development is strategically located to serve the growing demand for rental housing in an area with strong multifamily fundamentals but limited supply. The community will feature a clubroom, fitness center, pool, and expansive green spaces.

• Woodbury Heights, Greystar's first modular development in New Jersey, will consist of 234 residences, including 200 market-rate and 34 affordable units, in Gloucester County. Located just 20 minutes from Philadelphia, this project is strategically positioned in one of New Jersey’s fastest growing counties, benefiting from the county’s strong job growth and limited pipeline of new rental housing. Residents will enjoy modern amenities, including a clubroom, coworking spaces, fitness center, pool, playground, dog park, and green areas.

"Greystar is excited to introduce a mix of housing options in the Philadelphia region aligning with broader trends of increasing rental demand, demographic shifts, and the growing need for efficient, high-quality housing solutions," added Hayward." We are committed to delivering high-quality rental communities that enhance residents' lives and contribute to the growth of these vibrant markets."

###

About Greystar
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates nearly $315 billion of real estate in approximately 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 1 million units/beds globally, and has a robust institutional investment management platform comprised of over $78 billion of assets under management, including approximately $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

Media Inquiries
Bailey Zaunbrecher
bailey.zaunbrecher@greystar.com

Explore our entire press release collection