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Greystar closes Chilean multifamily development fund

by Andrea Waitrovich

Greystar Real Estate Partners, with its partner Credicorp Capital, has closed a discretionary commingled real estate investment fund focused on the development of high-quality multifamily assets in Chile.

The fund, Fondo de Inversión Credicorp Capital Renta Residencial I Chile, will focus on the development of residential properties in the most attractive submarkets of Santiago with strong fundamentals for multifamily assets.

Greystar has been an active investor in international residential projects. The firm recently launched an Asian residential platform with Macquarie Group.

Credicorp Capital is the investment banking platform of Credicorp Ltd. The firm specializes in providing advisory in capital markets, corporate finance and asset management in the Andean region as a

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