Greystar Lands 11,000-Unit Management Deal
The coast-to-coast portfolio spans 10 markets.
Greystar has reached an agreement to provide property management services for Grand Peaks, expanding its platform by nearly 11,000 units across seven states. The portfolio includes communities spread throughout 10 metros, including Miami, Denver, Dallas, Portland, Charlotte, N.C., Phoenix and Seattle.
The deal landed on the heels of Greystar’s leadership transition announcement, whereby current COO Andrew Livingstone will step down, allowing Toni Eubanks to take the reins of the company’s U.S. property management business effective January 1, 2026.
Greystar is the largest apartment management company, having some $78 billion in assets under management as of March, including more than 1 million rental units and student beds managed across the globe.
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Earlier this year, the firm reached a white-label management deal with Trilogy Real Estate Group, expanding its presence across Midwestern markets. In 2024, Greystar grew its management business, striking an agreement with Wood Partners. That deal added approximately 38,000 units across 130 properties in 17 states to the firm’s platform.
Property management deals are looking up
Greystar and Grand Peaks weren’t the sole companies looking to consolidate their platforms. Last June, Alfred and Quarterra’s property management arms reached a merger agreement, pooling together more than $20 billion in assets, encompassing approximately 52,000 units.
Asset and wealth management deals witnessed steady growth across the U.S, with 85 such agreements reached during the first three months of 2025, up from 80 the previous quarter, a PWC mid-year outlook reveals.
While ongoing macroeconomic uncertainties could temporarily dampen further deals, businesses will continue to seek strategic opportunities to access new markets and broaden their product offerings, PWC claims.
