US giant to make $1.3 billion splash in build-to-rent
United States-headquartered development giant Greystar Real Estates Partners is establishing Australia’s biggest venture into the build-to-rent sector, raising $1.3 billion to develop more than 5,000 new rental properties.
An architect's rendering of Greystone's plans for its plot on Gladstone Street in South Melbourne. Image: Greystone (Image source: Shutterstock.com)
United States-headquartered development giant Greystar Real Estates Partners is establishing Australia’s biggest venture into the build-to-rent sector, raising $1.3 billion to develop more than 5,000 new rental properties.
Build-to-rent development, where developers create projects with the intention of renting individual units rather than selling them, is starting to gain significant momentum in Australia, with a throng of major local and inter…
