Who Owns Overture?
Overture is owned by Greystar Real Estate Partners, a privately held international real estate company founded in 1993 by Bob Faith and headquartered in Charleston, South Carolina. Overture is Greystar's luxury active adult apartment brand, launched in 2015 and targeting healthy, active residents aged 55 and older. Greystar is the world's largest rental housing operator by units managed, with over $80 billion in gross assets under management as of 2025.
Parent Company
Greystar Real Estate Partners
Founded
2015
Status
Private
Headquarters
Charleston, South Carolina, USA
Who Owns Overture?
- Parent Company: Greystar Real Estate Partners
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Overture | Greystar Real Estate Partners | Wholly owned |
History of Overture
- Founded: 2015
- Founders: Greystar Real Estate Partners (internal development)
Overture was launched by Greystar in 2015 as the company's luxury active adult apartment brand. The brand was developed in response to demographic trends driven by the aging of the Baby Boomer generation, which began turning 65 in 2011 and will continue to do so through 2029. This demographic wave created substantial demand for housing options designed specifically for active, healthy adults who are past the traditional family formation stage but not yet in need of assisted living or skilled nursing care.
Greystar's development of Overture reflected a strategic insight that the existing active adult housing market was dominated by two extremes: age-restricted communities (such as Sun City and other Del Webb developments) that were primarily for-sale products in suburban or resort locations, and continuing care retirement communities (CCRCs) that combined independent living with healthcare services. Overture was positioned to fill a gap in the market for luxury rental apartments specifically designed for active adults who wanted the flexibility of renting, the amenities of a luxury apartment community, and a social environment populated exclusively by peers in the same life stage.
The first Overture communities opened in major metropolitan markets in the United States, with the brand expanding to cities including Dallas, Atlanta, Denver, Charlotte, Nashville, and other markets with strong demographic demand for active adult housing. Overture communities are typically mid-rise or high-rise apartment buildings located in urban or suburban locations with convenient access to retail, dining, healthcare, and cultural amenities.
Overture communities are designed around a "maintenance-free" lifestyle concept, in which residents are relieved of home maintenance responsibilities and provided with a range of services and amenities that support an active, social lifestyle. Typical Overture amenities include resort-style fitness centers, swimming pools, social lounges, demonstration kitchens, art studios, libraries, and outdoor spaces. Communities offer programming including fitness classes, social events, educational lectures, and excursions that create a sense of community among residents.
As of February 2026, Overture has grown to encompass dozens of communities across major U.S. markets, making it one of the largest luxury active adult apartment brands in the United States. The brand competes with other Greystar active adult brands (Everleigh and Album) in different price segments, as well as with competing active adult apartment brands from other major apartment operators.
About Greystar Real Estate Partners
Greystar operates as a fully integrated real estate company specializing in investment management, development, and property management of rental housing properties. The company's business model focuses on acquiring, developing, and managing high-quality residential properties across multiple segments including conventional multifamily, student housing, active adult communities, and single-family rentals.
The company employs over 29,600 team members worldwide and maintains a presence in 66 offices across 224 markets globally. Greystar generates revenue through property management fees, development profits, and investment returns from its real estate portfolio. Estimated 2025 revenue was approximately $10.3 billion across management services, development and construction, and investment management divisions.
Greystar's portfolio spans multiple property types and market segments, including conventional apartments, student housing, active adult communities, single-family rentals, and furnished apartments. The company maintains significant operations in major markets across North America, Europe, South America, and the Asia-Pacific region.
- Founded: 1993
- Headquarters: Charleston, South Carolina, USA
- Company Type: Privately Held
Where Is Overture Made / Based?
- Headquarters: Charleston, South Carolina, USA
- Manufacturing / Operations: United States
Brands Owned by Greystar Real Estate Partners
- Accolade - Greystar's student housing brand providing thoughtful amenities and inclusive en...
- Album - Greystar's mid-market active adult brand offering value-focused, maintenance-fre...
- Avana - Greystar Real Estate Partners' quality-focused multifamily residential brand off...
- Bellamy - Greystar Real Estate Partners' high-end urban mid-rise multifamily brand offerin...
- Birchway - Greystar's suburban garden-style brand offering comfortable, practical communiti...
- Blueground - Global furnished apartment brand offering flexible, fully-furnished homes with e...
- Canvas - Greystar's European student and young professional brand providing authentic, im...
- Everleigh - Greystar's upscale active adult brand offering premium 55+ apartment homes with ...
- Marlowe - Greystar's upscale suburban brand pairing classic garden-style comfort with urba...
- Summerwell - Greystar's brand dedicated to purpose-built, professionally-managed single-famil...
Overture Ownership: Pros & Cons
Advantages
- +Greystar's position as the world's largest rental housing operator by units managed provides Overture with institutional management expertise, technology infrastructure, and operational scale that smaller active adult operators cannot replicate, supporting consistent service quality across dozens of communities
- +The Baby Boomer demographic tailwind, with approximately 10,000 Americans turning 65 every day through 2029, provides a structural demand driver for active adult housing that is independent of broader economic cycles and supports long-term occupancy and revenue growth for Overture communities
- +Greystar's vertically integrated platform, which encompasses investment management, development, and property management, allows Overture communities to be developed, owned, and managed within a single organizational structure, reducing coordination costs and ensuring brand consistency
- +The luxury positioning of Overture communities, with premium amenities and services targeting affluent 55-and-older residents, supports premium rental rates and strong operating margins relative to conventional apartment communities
Considerations
- -Overture communities require significant upfront capital investment to develop and furnish to the luxury standard that the brand requires, creating development risk from construction cost inflation, interest rate increases, and potential delays that can affect project returns
- -The active adult apartment market's relatively recent emergence as an institutional asset class means that there is limited historical data on how these communities perform through full economic cycles, creating uncertainty about long-term occupancy stability during recessions or periods of elevated housing market stress
- -Greystar's private ownership structure, while providing strategic flexibility, limits the company's access to public capital markets for funding large-scale expansion of the Overture brand, potentially constraining growth relative to publicly traded competitors with access to REIT capital structures
- -Competition from other well-capitalized apartment operators entering the active adult market, attracted by the demographic tailwind and premium pricing, is increasing, potentially compressing occupancy rates and rental rate growth in markets where multiple luxury active adult communities are competing for the same resident pool
Frequently Asked Questions About Overture
Competitors to Overture
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Hines | Canada | 2021 | Mass Market | Global | Male | |
| Brookfield Asset Management | USA | 2019 | Mass Market | North America | Male | |
| Brookfield Asset Management | USA | 1985 | Mass Market | North America | All Genders | |
| Tishman Speyer | USA | 1963 | Mass Market | North America | All Genders | |
| Tishman Speyer | USA | 1930 | Mass Market | North America | Male | |
| Tishman Speyer | USA | 2018 | Mass Market | North America | All Genders |
Learn More About Competitors

CIBC Square
Owned by Hines
Major mixed-use development in Toronto featuring office towers, residential units, and retail space, co-developed and managed by Hines and Ivanhoé Cambridge.

Manhattan West
Owned by Brookfield Asset Management Ltd.
Major mixed-use development in Hudson Yards featuring office towers, residential, hotel, and retail space, developed and operated by Brookfield Properties.

Brookfield Place
Owned by Brookfield Asset Management Ltd.
Iconic mixed-use office, retail, and cultural complex with locations in New York, Toronto, and Sydney, owned and operated by Brookfield Properties.

MetLife Building
Owned by Tishman Speyer
Premier 58-story office tower at 200 Park Avenue in Midtown Manhattan, owned and operated by Tishman Speyer, featuring Class A office space and retail.

Rockefeller Center
Owned by Tishman Speyer
Iconic mixed-use complex in Midtown Manhattan featuring office space, retail, entertainment venues, and cultural institutions, owned and operated by Tishman Speyer.

Studio
Owned by Tishman Speyer
Flexible coworking and office space brand offering modern workspaces, meeting rooms, and community experiences across global markets.
Competitive Analysis
Market Positioning: Overture competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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