Greystar has entered Italy, its ninth European market, with the acquisition of a development site for a 400-bed student housing community in Bologna, Italy.
Greystar entered Europe in 2013. Greystar plans to develop an Italian student housing platform of at least 2,500 beds by the end of 2027. The company is also exploring opportunities in Milan, Rome, Florence and Turin.
With the addition of Italy, Greystar’s European business has more than €20 billion ($tk billion) in assets under management, more than 93,600 build-to-rent homes and purpose-built student housing beds, and approximately 1,400 employees. Greystar’s European value-add strategy has more than €6.8 billion ($tk billion) of investment capacity for acquisitions and development across European rental housing, including student accommodation.
“We have been looking at Italy for some time and believe it presents a compelling investment opportunity. Italy has a large university population, high l
