Greystar Real Estate Partners

Is Greystar a publicly traded company?
No, Greystar is a privately held company. The company is not listed on any public stock exchange and remains under the ownership and control of founder Bob Faith and other private investors. Greystar does not publicly report financial results.

When was Greystar founded?
Greystar was founded in 1993 by Bob Faith in Charleston, South Carolina. The company has grown from a regional real estate developer to the largest apartment manager and owner in the United States, with operations in 17 countries.

Who founded Greystar?
Greystar was founded by Bob Faith, who serves as Founder, Chairman, and CEO. Faith established the company with a focus on delivering quality housing solutions and maintaining a people-first company culture. He has led the company for over 30 years.

How many properties does Greystar own and manage?
As of January 1, 2026, Greystar manages 1,014,091 units and owns 119,160 apartments, making it the largest apartment manager and owner in the United States per the NMHC. The company manages approximately $79 billion in gross assets under management, has $36 billion in development projects, and operates in 17 countries with approximately 29,600 team members across 66 offices in 224 markets.

What is Greystar's largest acquisition?
Greystar's largest single acquisition was the purchase of EdR, a manager of college housing communities in the US, for $4.6 billion in June 2018. This transaction established Greystar as a dominant player in student housing. Other significant acquisitions include Monogram Residential Trust's 14,000-unit portfolio for $3 billion (2017), the Wood Partners property management arm adding 38,000 units (2024), and the Grand Peaks partnership adding 11,000 units (September 2025).

Who leads Greystar?
Bob Faith serves as Founder, Chairman, and CEO. Toni Eubanks assumed executive leadership of US Property Management on January 1, 2026, succeeding Andrew Livingstone, who transitioned to Senior Advisor and joined the Greystar Board of Directors after more than 26 years with the company. Eubanks joined Greystar in 2009 and co-led day-to-day operations of the property management business for two years prior to her promotion.

Greystar was founded in 1993 by Bob Faith in Charleston, South Carolina. The company began as a real estate developer and manager focused on rental housing properties, establishing a people-first culture dedicated to delivering quality housing solutions.

In 2013, Greystar expanded internationally by beginning operations in the United Kingdom, marking the start of its global expansion strategy. In July 2017, the company acquired Monogram Residential Trust's 14,000-unit portfolio of 49 rental communities across ten states for $3 billion, significantly expanding its US presence.

In June 2018, Greystar announced the acquisition of EdR, a manager of college housing communities in the US, for $4.6 billion. This transaction represented one of the largest in the company's history and established Greystar as a dominant player in student housing.

Throughout 2020 and 2021, Greystar expanded through multiple acquisitions and partnerships. The company acquired the property management arm of Alliance Residential Co. in June 2020 and acquired 45 percent of Thackeray Partners in October 2020. In March 2021, Greystar announced a $1.1 billion joint venture with Ivanhoe Cambridge and Bouwinvest to develop and acquire housing for students and young professionals in the Paris area.

In February 2024, Greystar acquired the property management arm of Wood Partners, adding 38,000 units to its management portfolio. In April 2024, the NMHC announced that Greystar was the United States' largest apartment owner after adding over 10,000 units in 2023.

In 2025, Greystar continued its expansion. The 2025 NMHC rankings showed Greystar managing over 946,000 units (up approximately 130,000 from 2024) and owning over 122,000 units. Greystar was also the top developer with more than 8,200 units started in 2024. In September 2025, Greystar announced a strategic partnership with Grand Peaks, adding 11,000 apartment homes across seven states. In December 2025, Greystar and Artemis Real Estate Partners acquired the 220-unit Everleigh Palm Beach Gardens age-restricted apartment complex for $69.4 million.

In February 2026, Greystar announced it would assume management of Lantower Residential's nearly 8,000-unit portfolio as the H&R REIT subsidiary exited the property management business. This acquisition helped push Greystar past the 1 million units managed milestone. As of January 1, 2026, the NMHC confirmed Greystar managed 1,014,091 units and owned 119,160 units, maintaining its position as the largest apartment manager and owner in the United States.

Greystar has integrated sustainability commitments into its development and property management operations. The company publishes an annual ESG report covering environmental performance, social programs, and governance disclosures.

On the environmental side, Greystar has committed to incorporating sustainable building standards including LEED and BREEAM certifications in new development projects where feasible. The company has set targets for reducing energy and water consumption across its managed portfolio and has invested in building automation systems, LED lighting retrofits, and solar installations at select properties.

Greystar's social responsibility programs include workforce housing initiatives, partnering with local governments and nonprofit organizations to increase access to affordable rental housing in markets where it operates. The company has also established a Greystar Foundation supporting employees facing hardship and community programs in markets where it develops and manages properties.

The company's corporate governance includes independent oversight through its investment fund structures, where institutional investors such as pension funds and sovereign wealth funds conduct due diligence and ongoing monitoring of the investment management platform. Andrew Livingstone's appointment to the Greystar Board of Directors in 2025 added experienced operational oversight at the board level.

• NMHC Top 50 (2026): Largest apartment manager (1,014,091 units) and largest apartment owner (119,160 units) in the United States
• NMHC Top 50 (2025): Largest apartment manager (946,000-plus units) and largest apartment owner (122,000-plus units), and top developer (8,200-plus units started)
• NMHC Top 50 (2024): Largest apartment owner in the United States
• Globe Street Excellence in Multifamily: Recognition for development and management excellence across multiple years
• US Best Workplaces in Real Estate (Fortune/Great Place to Work): Workplace recognition across multiple years for employee culture and development programs
• Urban Land Institute: Project-level recognition for development excellence in the United States and internationally

Greystar, as the largest apartment operator in the United States, has faced scrutiny related to rental pricing practices and affordability. In 2023 and 2024, class action lawsuits were filed against several major landlords including Greystar, alleging that the use of pricing software from RealPage allowed competing landlords to coordinate rent increases in violation of federal antitrust law. The lawsuits alleged that algorithmic rent-setting tools facilitated price-fixing in residential rental markets. The cases were consolidated in federal court and were ongoing as of 2026. Greystar denied the allegations.

The broader criticism that large institutional landlords contribute to housing unaffordability is a recurring theme in public policy discussions in the United States, United Kingdom, and other markets where Greystar operates. Politicians and housing advocates have called for greater regulation of institutional investors in residential real estate, including limits on bulk purchases of single-family homes and tighter regulation of build-to-rent developments.

Regulatory risks vary by jurisdiction. In the United Kingdom, changes to renter rights legislation have introduced new requirements on landlord practices, including restrictions on eviction processes and requirements for longer-term tenancy security. Greystar's UK operations must comply with evolving regulatory requirements in the private rented sector.

Greystar's rapid growth through acquisitions has also drawn attention. The company added approximately 130,000 units to its management portfolio between 2024 and 2025, and surpassed the 1 million units managed milestone in 2026. This growth has raised questions about operational quality control across an increasingly large and diverse portfolio, and about the market power of a single company managing over 1 million apartments.