Greystar makes strategic investment in Thackeray Partners

Greystar Real Estate Partners has made a strategic investment in Thackeray Partners, a private real estate investment firm with expertise in rental housing and industrial asset management.

Financial terms of the transaction were not disclosed.

As part of the transaction, Greystar has agreed to acquire 45 percent of Thackeray, with the future option to purchase the remainder of ownership interest within the next two years.

Headquartered in Dallas, to date, Thackeray Partners has closed or committed to transactions totaling over $5.3 billion, representing more than 23,200 rental-housing units and nearly 20 million square feet of industrial space.