Greystar launches Asian residential platform with Macquarie
Greystar Real Estate Partners has formed an Asia Pacific rental housing partnership with Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group. Greystar Asia-Pac plans to raise institutional capital to acquire, develop, reposition and manage rental residential assets across the region. Initial investment opportunities are being evaluated and anticipated to include assets in the Beijing, Melbourne, Shanghai, Sydney and Tokyo markets. Greystar operates more than 400,000 rental units in 160 markets globally with an ownership interest in assets worth $14 billion. The expansion into the Asia Pacific region advances Greystar’s international growth strategy — which includes current operations in the United Kingdom, continental Europe and Latin America — and underscores a long-standing advisory relationship with Macquarie Capital.