Greystar joins CPP Investments JV, entering Brazilian rental housing market
Greystar Real Estate Partners is joining the Canada Pension Plan Investment Board (CPP Investments) and Cyrela Brazil Realty in a joint venture that will develop, own and operate purpose-built multifamily rental housing in Sao Paulo, Brazil. This milestone marks Greystar’s entry into the burgeoning Brazilian rental housing market, and a further step in its continued expansion in South America.
The platform and partnership — first created by CPP Investments and Cyrela, and announced in November 2019 — has now expanded to include Greystar. Together, the joint venture partners will develop a portfolio of world-class rental housing assets across Sao Paulo’s most desirable, walkable and well-connected neighborhoods. Each community will have distinctive design elements and exceptional amenities, appealing to a variety of tenants who seek convenience, comfor