Greystar Europe Investment Management B.V., a subsidiary of Greystar Real Estate Partners, closed €725m in equity commitments into its flagship pan-European value-added discretionary vehicle. The vehicle (.)
Greystar Europe Investment Management said it has closed €725m in equity commitments into its pan-European value-add vehicle.
The fund’s backers include investors from continental Europe, North America and Asia-Pacific including both new and existing Greystar investors, the manager said.
Greystar Europe said the pan-European residential vehicle, which targets €1bn of equity commitments, will focus on the acquisition and select development of rental residential assets, including multifamily and purpose-built student accommodation.
The vehicle has seed investments in the UK, Ireland and the Netherlands with an active pipeline of investments across its target cities.
Mark Allnutt, a senior managing director - Europe, Greystar, said: “This opportunity is the culmination of more than seven years of hard work establishing the only vertically integrated pan-European residential platform, which means we have the capabilities to invest, develop and operate assets under one roof.
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LONDON, June 9, 2021 /PRNewswire/
Greystar Europe Investment Management B.V. (the Manager ) closed €725 million in equity commitments into its flagship pan-European value-add discretionary vehicle. The vehicle received equity commitments from a diverse group of global institutional investors from Continental Europe, North America and Asia-Pacific including both new and existing Greystar investors. The Manager is a subsidiary of Greystar Real Estate Partners, LLC ( Greystar ), a global leader in the investment, development and management of high-quality rental housing properties.
The pan-European closed-end value-add residential vehicle is targeting €1 billion of equity commitments and will leverage Greystar s unique vertically integrated platform across the region to target top cities in the United Kingdom, Netherlands, Spain, Ireland, France, Germany and Austria. This adds to Greystar s 30-year track record of investing in global value-add opportuni
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