Greystar completed the acquisition of property management business of Alliance Residential, for $204m.

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.