Greystar Wraps Up $883M European Residential Housing Fund

By Andrew McIntyre (June 9, 2021, 5:10 PM EDT) -- Greystar clinched a €725 million ($882.9 million) fund that will invest in multifamily and student housing properties in Europe, according to an announcement from the firm Wednesday.

Greystar said a European unit, Greystar Europe Investment Management BV, closed the fund, adding that a diverse group of investors from North America, Europe and the Asia-Pacific region participated. A mix of new and preexisting investors joined, the firm said.

The firm is seeing a limited supply of student and multifamily housing in Europe as well as an uptick in demand and that, coupled with the difficulty in buying homes, is making the rental...

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