CHARLESTON, SC – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the launch of a new dedicated brand, Ltd. by Greystar (“Ltd.”). Ltd. will exclusively focus on Greystar’s impact housing product, delivering more attainable housing opportunities for key populations affected by the lack of rental options in the United States.
Working in tandem with Greystar’s recently opened Modern Living Solutions (“MLS”) factory – Greystar’s modular construction business focused on building off-site, prefabricated modular apartments sustainably and at an attainable price point – Ltd. will allow for the building and operating of essential housing communities at scale. To achieve this goal, Ltd. guarantees not to increase rents by more than the greater of CPI or 3%, providing “certainty of housing” for existing residents.
“Over the course of my career, I have seen the incredible need for attainable housing options across the United States,” said Bob Faith, Founder, Chairman, and CEO of Greystar. “We are excited for the opportunity to apply our platform and our culture of innovation to build housing supply that offers an attainable, high-quality experience for renters while also serving as an attractive proposition for both Greystar and our partners.”
“What we’re doing with our newly made Ltd. brand is a game-changer for renters who want to live in a Greystar-managed community and for an industry that needs more housing supply,” said Scott Berka, Senior Managing Director, Brand and Customer Experience. “When you consider how huge the challenge at hand is, I’m proud to be part of a team that’s willing to throw out the rulebook and challenge ourselves to make a right impact while delivering the Greystar-level experience people should have. Through this effort and our Ltd. brand, we’re at the start of a fantastic journey.”
All Ltd. branded communities will have standard amenities appropriate for their location, including community pools and gyms, among other options. Additionally, cutting-edge technology packages in multi-family will be included in each Ltd. community and apartment, with property-wide high-speed internet, smart locks, and resident apps that streamline everything from maintenance requests to guest access. This package of amenities and innovative technology helps to set Ltd. communities apart from most of the existing attainable supply in the United States.
Greystar currently has 5 Ltd. branded projects underway across 4 cities, with approximately 1,600 units expected to come online in the next 18 months. The first Ltd. community, Ltd. Med Center, in Houston, Texas with 378 units is now in lease-up.

Powered by WPeMatico

WEST LAFAYETTE, IN – Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, announced the acquisition of Village West near Purdue University in West Lafayette, IN. The property is one of the largest student-housing assets in the nation totaling 1,134 beds underpinned by 22 acres of land. The asset is currently 100% leased and 100% pre-leased for August 2023.
“This transaction unlocks significant value and allows our original institutional equity partner to successfully exit. It also provided Muinzer with the opportunity to increase our ownership stake in Village West while continuing our onsite property management role. We look forward to continuing to make value while providing superior customer service,” said Marc Muinzer, Founder and CEO of his namesake firm. “Thank you to our incredible team, lenders, and investment partners. Even in an uncertain macroeconomic environment, we have successfully completed nearly $250 million of transactions thus far in 2023,” added Mr. Muinzer.
Muinzer started investing in student-housing in 2002 and is one of the largest owners in the Huge Ten and SEC Conferences. “Student-housing fundamentals are the strongest we have seen in the last 20 years. With our portfolio 100% leased and 100% pre-leased for August 2023, we continue to expand our team and acquisition goals. In 2023 and 2024 we are looking to buy an additional $1 billion of student-housing assets near high-growth universities,” added Michael Snyder, COO of Muinzer.
Muinzer and its affiliate South Street Capital were founded by Marc Muinzer in 2002. With offices in Los Angeles, Knoxville, West Lafayette, and Chicago, Muinzer is one of the largest owners of student housing in the Huge Ten and SEC Conferences.

Powered by WPeMatico

NEW YORK, NY – Eyal Ofer’s new Columbus Circle Building at 1841 Broadway is now the first project in New York City to use the AI construction platform Buildots, developer Global Holdings Management Group and Buildots have announced.
The project is located just north of Columbus Circle, southwest of Central Park and adjacent to the Time Warner Center and the prestigious 15 Central Park West development, which was also led by Eyal Ofer’s Global Holdings. The 26-tale, 298-ft.-tall building will include nearly 197,000 sq. ft. of residential space encompassing 123 housing units, as well as over 20,000 sq. ft. of commercial retail space.
After site data captured via helmet-mounted 360-degree cameras is automatically analyzed using proprietary AI algorithms, the platform provides the project management team with right-to-life progress reports supported by visuals. This leads to significantly improved efficiency in terms of costs, labor and management time, and resources.
The award-winning technology is currently being used on sites across North America, the UK, Europe and the Middle East by leading global construction firms including Sir Robert McAlpine, Lendlease, Build Group and EllisDon among others.
J.J. Ofer, CEO of Global Holdings Management Group (US), said, “Global Holdings has a strong pipeline of projects and we see the huge impact that Buildots has on efficiency and transparency in construction, which are critical factors that help us to maximize usage of our resources, minimize costs and speed up construction in a responsible way. The Buildots technology platform is used to fundamentally enhance our project management capabilities and we are excited to be working with the company and bringing this revolutionary technology to New York.”
The building, located at the corner of Broadway and West 60th Street, has been designed by INC Architecture & Design with SLCE Architects serving as the architect of record.
“We are thrilled to bring Buildots’ AI-based technology to New York City with the Columbus Circle Building project. Our platform offers full visibility and control on projects’ progress, enabling improved performance and efficiency, and we look forward to collaborating with Global Holdings Management Group and other leading developers on future projects in New York and beyond,” said Buildots CEO Roy Danon.

Powered by WPeMatico