Greystar Real Estate
PE-OwnedBlackstone and other PE investors have backed Greystar, the largest apartment property manager in the U.S. with 800,000+ units. Residents report above-market rent increases, aggressive late fees, and junk fees (valet trash, amenity fees, pet fees) added at PE-backed properties. Greystar has also faced lawsuits over rent-fixing via algorithmic pricing software.
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Ownership Information
Greystar Real Estate is owned by The Blackstone Group. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1993
Greystar Real Estate founded
2015
Acquired by The Blackstone Group
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