Investors - SEPTEMBER 1, 2020

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Greystar joins CPP Investments JV, entering Brazilian rental housing market

by Released

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

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