A New Approach to Rental Residential Living
Greystar is the leader in the investment, development, and property management of rental housing. With a presence in over 238 markets globally, Greystar’s on-the-ground teams provide the local intelligence to adapt to the specific needs and requirements of each region in which it operates. Greystar expanded to China in 2016 through the formation of Greystar Asia-Pacific, a joint venture with Macquarie Capital. Aiming to become the leading developer, owner, and operator of rental residential assets in key Asia-Pacific cities, Greystar plans to grow in China by acquiring stabilized and value-add rental housing and partnering with local development professionals for development opportunities.
Greystar launched our vertically integrated platform in China to acquire and develop purpose-built rental housing. Greystar China plans to raise institutional capital to acquire, develop, reposition, and manage rental housing assets across the region. Greystar opened its first Asia-Pacific office in 2017 at Shanghai, with an initial focus on Shanghai, owing to the city’s attractive rental housing supply and demand fundamentals. In February 2019, Greystar together with its institutional partners announced the first close of a Greystar-led China-focused fund with US$550 million in equity commitments. The fund will invest in high-quality assets in top-tier Chinese markets.
Following acceptance of the new capital commitments, the partnership has closed on the funds initial investment located in the Changning and Jing’an districts of Shanghai, to launch LIV’N, its first upscale rental housing community brand in China, representative of cosmopolitan professionals that place an importance on modern urban lifestyles. LIV’N 833, the first rental housing community of LIV’N, opened the showroom in July and officially opened on December 18, 2020.