Greystar Wins 2023 PERE Awards in Four Categories
Press Release
March 5, 2024
CHARLESTON, S.C. – March 5, 2024 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences is pleased to announce that it has been recognized by Private Equity Real Estate (“PERE”) as winner of four 2023 PERE Awards. Greystar has been awarded “Residential Investor of the Year, Global,” “Innovation Investor of the Year, Global,” “Residential Investor of the Year, North America,” and “Firm of the Year, Europe.”
“Greystar is thrilled to be recognized by the PERE Awards as winners in the Global, North American, and European categories,” said Wes Fuller, Chief Investment Officer at Greystar. "This is a true testament to the hard work and dedication of our team and partners globally.”
“We are also humbled to be recognized with PERE’s inaugural Innovation Award,” said Fuller. “A focus on innovation drives all of our strategies globally, and in particular, we are honored to be recognized for what our team is doing to address the undersupply of housing through our attainable housing platform. We are proud to manufacture new housing in our modular factory in Knox, Pennsylvania and to operate this product through our Ltd. brand. We are committed to playing a part in delivering quality housing to people across the income spectrum.”
Many other notable accomplishments contributed to this recognition from PERE, including:
- Raising over $3 billion of equity globally and acquiring over $4.1 billion of assets in 2023.
- Deploying over $450 million of equity across its US credit platform.
- Executed 1.6 billion Euros of transaction activity in Europe.
- Continued growth in the high conviction sector of Student Housing, with a portfolio now representing over 100,000 beds globally.
- First unit deliveries from Greystar’s wholly owned modular factory, in addition to the launch of Greystar’s Ltd. brand, both of which have been designed to create new housing product for the essential worker.
- Fully integrating a Single-Family Rental platform with ~10,000 units under management and ~$1 billion of transaction activity to date, with a focus on innovating the Build for Rent product type.
“The successes of 2023 have positioned our team well to take advantage of unique opportunities we are focused on in 2024,” continued Fuller.
PERE is the leading publication for the world’s private real estate markets. Its annual awards recognize the industry’s most elite people, firms, and deals across a variety of distinct categories.
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, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $290 billion of real estate in 247 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 more than 857,400 units/beds globally, and has a robust institutional investment management platform comprised of more than $76 billion of assets under management, including over $34 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. To learn more, visit www.greystar.com.
About PERE Awards
Greystar received PERE’s annual awards for 2023 on March 1, 2024. PERE chooses nominees from market participants’ submissions, and awards are determined by public vote. Greystar pays PERE a nominal subscription fee but is not required to subscribe to be nominated. For additional information, please see PERE Global Awards.
“Greystar is thrilled to be recognized by the PERE Awards as winners in the Global, North American, and European categories,” said Wes Fuller, Chief Investment Officer at Greystar. "This is a true testament to the hard work and dedication of our team and partners globally.”
“We are also humbled to be recognized with PERE’s inaugural Innovation Award,” said Fuller. “A focus on innovation drives all of our strategies globally, and in particular, we are honored to be recognized for what our team is doing to address the undersupply of housing through our attainable housing platform. We are proud to manufacture new housing in our modular factory in Knox, Pennsylvania and to operate this product through our Ltd. brand. We are committed to playing a part in delivering quality housing to people across the income spectrum.”
Many other notable accomplishments contributed to this recognition from PERE, including:
- Raising over $3 billion of equity globally and acquiring over $4.1 billion of assets in 2023.
- Deploying over $450 million of equity across its US credit platform.
- Executed 1.6 billion Euros of transaction activity in Europe.
- Continued growth in the high conviction sector of Student Housing, with a portfolio now representing over 100,000 beds globally.
- First unit deliveries from Greystar’s wholly owned modular factory, in addition to the launch of Greystar’s Ltd. brand, both of which have been designed to create new housing product for the essential worker.
- Fully integrating a Single-Family Rental platform with ~10,000 units under management and ~$1 billion of transaction activity to date, with a focus on innovating the Build for Rent product type.
“The successes of 2023 have positioned our team well to take advantage of unique opportunities we are focused on in 2024,” continued Fuller.
PERE is the leading publication for the world’s private real estate markets. Its annual awards recognize the industry’s most elite people, firms, and deals across a variety of distinct categories.
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, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $290 billion of real estate in 247 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 more than 857,400 units/beds globally, and has a robust institutional investment management platform comprised of more than $76 billion of assets under management, including over $34 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. To learn more, visit www.greystar.com.
About PERE Awards
Greystar received PERE’s annual awards for 2023 on March 1, 2024. PERE chooses nominees from market participants’ submissions, and awards are determined by public vote. Greystar pays PERE a nominal subscription fee but is not required to subscribe to be nominated. For additional information, please see PERE Global Awards.