Greystar has announced an equity recapitalization of Zentro Internet, the largest private, multifamily-focused internet service provider in the United States, serving customers living in more than 120,000 apartment units in more than 20 cities, in support of the company’s strategic growth initiatives.
Greystar’s Infrastructure team led the deal with participation from StepStone Group and other global institutional capital partners to support Zentro’s balance sheet and to target future organic and M&A growth initiatives.
“The investment in Zentro is a clear example of Greystar Infrastructure’s focus on partnering with experienced management teams to deploy capital in businesses with defensive infrastructure attributes that we believe will offer cash flow expansion, while also benefiting the modern living experience for residents,” said David Blackford, senior managing director of Greystar Infrastructure.
The Zentro opportunity reflects Greystar In
