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Greystar Sells 30-property Portfolio For $3.6B

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The properties were initially acquired as part of its value-add fund series. : Greystar has agreed to sell a 30-property U.S. multifamily portfolio for approximately $3.6 billion to an undisclosed buyer. According to Greystar, the portfolio attracted many leading institutional investors who participated in a multi-round bidding process. Eastdil Secured was the exclusive financial advisor to Greystar for the deal. Greystar declined to comment on anything further on the transaction. The portfolio was created through Greystar’s flagship U.S. rental housing value-add fund series, Greystar Equity Partners.

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