Announced
Completed
Financials
Sources
Tags
asset management
Friendly
Single Bidder
property management
United States
Acquisition
Completed
Private
real estate investing
Domestic
Majority
Real Estate Holding and Development
Private Equity
Synopsis
Greystar, a private equity firm completed the acquisition of the property management business of Alliance Residential, a real estate firm, for $204m. “We are thrilled to launch this long-term strategic relationship with Greystar, combining best-in-class residential managers, complementary portfolios and unrivaled expertise to create the leading property management company in the multifamily industry. Greystar’s global reach, corporate culture and seasoned leadership team made this milestone a clear next step for Alliance, our residents, investors and associates alike,” Bruce Ward, Alliance Residential Chairman and CEO.
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