Greystar Announces New Managing Director of Development for Student Living Portfolio
- Aug 20, 2012
Charleston, S.C.—Greystar recently announce the hiring of Lance Hanna as managing director of development for its student living portfolio. In his new role, Hanna will be responsible for shaping and implementing the development strategy of Greystar’s sponsored projects in the student-housing sector. Greystar currently manages one of the largest student living portfolios in the United States with 24 communities comprising 14,000 beds in 13 states.
As university enrollments increase, and states continue to tighten their fiscal budgets, Greystar sees opportunities for both public and private joint ventures to develop new student housing across the U.S.
Prior to joining Greystar, Hanna led over $200 million of investment and development transactions in the student-housing sector comprising off-campus development, on-campus development, and value-add acquisitions while serving as vice president of student living development for JPI Partners and later as vice president of investments for Inland American Real Estate Trust. Throughout his career, Hanna has focused on developing and acquiring investment grade real estate. He previously worked for SSR Realty Advisors and GE Capital Investment Advisors where he executed over $200 million of mixed-use multifamily, retail and office investment transactions on behalf of institutional clients.