Greystar Announces Final Close of Greystar Essential Housing Fund at $655 Million

Charleston, SC - April 1, 2026 - Greystar, a global leader in rental housing, investment management, development, and property management, today announced the final close of Greystar Essential Housing Fund ("GEHF"). Following an initial close, the first-time fund successfully closed in March 2026 with approximately $655 million in capital commitments.

The fund received strong support from a diverse group of global institutional investors, underscoring confidence in Greystar's essential housing strategy. GEHF was designed to target high-quality, attainable rental housing development opportunities in key US markets, where demand remains supported by favorable demographic trends and a persistent shortage of affordable supply.

GEHF has already begun deploying capital across a pipeline of investments aligned with its strategy, focusing on delivering well-located, professionally managed garden style developments that meet the needs of middle-income renters.

"We are pleased with the strong investor support for GEHF and the opportunity to scale our essential housing strategy alongside selective deployment of Greystar's proprietary modular construction capabilities," said Kevin Scelfo, Senior Managing Director at Greystar. "Closing at $655 million positions the fund to pursue its investment strategy in a segment of the market that is supported by structural housing demand. We remain focused on expanding access to quality housing in undersupplied markets."

Greystar believes the essential housing sector continues to benefit from structural tailwinds, including housing affordability challenges, limited new supply at lower price points, and sustained renter demand across major US metropolitan areas. Greystar's global platform and local market expertise support the ability to identify, acquire, and operate assets that align with the fund's objectives.

GEHF intends to build on Greystar's continued focus of investing across rental housing strategies around the world and reflects the firm's continued commitment to delivering institutional-quality housing solutions that create long-term value for residents, communities, and investors.

About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property
management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in 265 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including over $35 billion of development assets and approximately $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

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