Greystar Real Estate Partners, an investor, developer, and manager of rental housing properties, together with its investment partners APG Asset Management N.V., Bouwinvest Real Estate Investors, and MIRA Real Estate, part of Macquarie Infrastructure and Real Assets (MIRA), has held a first close for a Greystar-led China-focused fund with $450 million in equity commitments.
The China-focused fund is the first within Greystar Asia-Pac. The fund will invest in high-quality assets in top-tier Chinese markets with an initial focus on Shanghai, owing to the city’s attractive rental housing supply and demand fundamentals.
Greystar established its Asia-Pacific rental housing platform (Greystar Asia-Pac) with MIRA Real Estate last year and is now joined by APG Asset Management N.V., which intends to support the platform’s rental housing strategy across the region. The platform combines the partners’ substantial relationships and proven track record in the region with G
