Dechert Advises Greystar on Final Close of US$1.27 Billion Greystar Credit Opportunities Fund II

Dechert advised Greystar, a global leader in the investment, development and management of residential real estate, on the final close of Greystar Credit Opportunities Fund II (GO II). Approximately 12 months after the fund's first close, the fund had a final close bringing the total to US$1.27 billion, well exceeding its original US$750 million target. GO II secured commitments from a diverse and global base of pension funds, insurance companies and sovereign wealth funds, combining both repeat investors and new relationships. GO II focuses on senior, mezzanine and preferred equity investments collateralized by for-rent residential assets. A continuation of the firm's flagship credit fund series, GO II compliments its other credit funds that invest across fixed income and direct lending strategies.

The Dechert team advising Greystar included financial services partner Gerald Brown, counsel Terence Schroeder and associate Joseph Dudley; and tax partner Mansi Seth and associate Guen soo Park.

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