The Greystar construction team is the general contractor on many of our sponsored projects, an important provision that allows us to tightly control the quality, schedule and budget for each project. Since 2009, Greystar has performed general contractor services on more than 60 new construction projects in the U.S. representing over 28,000 units with a capitalized value of nearly $3.5 billion. Presently, Greystar is performing general contractor services on 22 projects under construction representing 5,378 units and $1.4 billion of capitalized value.
The company also performs construction management services - interviewing, selecting, scoping and administrating third party general contractors for many of our sponsored projects. These projects encompass a wide range or apartment product types.
Although we run our construction business as a profit center, we minimize our overhead and only perform general contracting functions. Our consistent volume of work enables us to retain the most experienced construction executives, project managers and on-site supervisors. Furthermore, we enjoy competitive pricing from a roster of excellent sub-contractors with quality crews. This powerful combination translates to high-quality, institutional-grade multifamily housing communities for our residents and capital partners.