Greystar Snags Riverstone

June 5, 2014 at 1:50 pm Leave a comment

This is probably one of the bigger acquisitions we’ll see in the apartment industry:

Bob Faith’s goal is for Greystar Real Estate Partners to become the No. 1 or No. 2 apartment operator in most U.S. markets. Buying the competition is catapulting him toward that dream.

The acquisition of Dallas-based Riverstone Residential’s massive portfolio adds more than 170,000 units to Greystar’s platform, securing its place as the largest national property manager, by far.

The deal closed Monday for an undisclosed amount and was announced Wednesday. Faith says it was a deal that stemmed from long-term relationships and friendly competition.

Advertisements

Entry filed under: Members in the News, Sales. Tags: , , , .

Reynolds Building Will House 130-ish Apartments, Open in Late ’15 A Little Light Reading from Wells Fargo: NC Economic Outlook

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

June 2014
S M T W T F S
« May   Jul »
1234567
891011121314
15161718192021
22232425262728
2930  

Most Recent Posts


%d bloggers like this: