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Greystar announces $1.9b final close for 11th U.S. multifamily value-added real estate fund
Fundraising - MAY 2, 2024

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Greystar announces $1.9b final close for 11th U.S. multifamily value-added real estate fund

by Andrea Zander

Greystar Real Estate Partners, on behalf of its affiliates, has held a final close of Greystar Equity Partners XI (GEP XI), with aggregate equity commitments of $1.9 billion.

A discretionary, commingled vehicle, GEP XI offers a strategic allocation to development and alternative rental residential sectors, providing access to Greystar’s living-sector pipeline across both value-add acquisitions and development.

“We have maintained an unwavering focus on consistently refining our value-add strategy in an effort to deliver attractive risk-adjusted performance and build strong relationships with our partners,” said Wes Fuller, Greystar’s CIO. “We take immense pride in the GEP series. We believe our value-add rental housing strategy offers an attractive opportunity to invest in U.S. housing and add sorely needed higher quality supply for the large and growing cohort of young professionals, middle-income families, and price-conscious renters. We are grateful for th

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