Greystar Equity Partners VIII Named Regional Sector Leader for Private, Residential Funds in North America in the 2016 GRESB Survey

Thursday, September 8, 2016

 Survey Honored for Environmental, Social, and Governance Performance

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of rental housing properties, is pleased to announce that Greystar Equity Partners VIII, L.P. (“GEP VIII”) has been recognized as the 2016 Regional Sector Leader for Private, Residential Funds in North America by GRESB, the leading data provider for environmental, social and governance (“ESG”) performance of real assets.

“We are proud to be recognized as a leader in sustainability by GRESB,” said Bob Faith, Chairman and CEO of Greystar. “The assessment results reflect our commitment as a property manager, developer and investor to operate even more efficiently while conserving energy and reducing our overall environmental footprint.”

Greystar is being recognized for its commitment to environmental sustainability, as well as its leadership in social responsibility and corporate governance. Greystar’s top ranking is based on assessment results from more than 15 peers in its respective category. In assessing Greystar’s performance, GRESB gave the firm a total score of 71 compared with the peer group average of 46.

Key results of Greystar’s focus on sustainability include the formation of the Greystar ESG Taskforce, who ensure Greystar’s ESG objectives are posted publicly on a quarterly basis; setting long-term reduction targets per year for energy Greenhouse Gas (“GHG”) emissions, water and waste of 5% during ownership (approximately 1% per year); tracking and monitoring 100% of landlord controlled energy, GHG emissions, water and waste data and decreasing energy GHG emissions and water consumption on a like-for-like basis from 2014 to 2015.

GRESB is an industry-driven organization that is committed to evaluating the performance of real estate portfolios globally. Its annual assessment evaluates hundreds of real estate companies in such areas as management, policy and disclosure, governance, sustainability, and environmental and social programs. More than 55 institutional investors, representing $7.6 trillion of capital, use GRESB data in their investment management and engagement process to optimize the risk/return profile of their investments.

The 2016 GRESB data is based on sustainability assessment of a record 759 real estate companies and funds, representing more than 66,000 assets across 63 countries, with a value of $2.8 trillion.

Greystar Equity Partners VIII, L.P., is an $800 million vehicle that is part of Greystar’s flagship, value-add fund series with a focus on buying well-located, institutional quality apartment communities in major markets throughout the U.S. that present significant upside potential through operational improvements and capital renovations.

About Greystar
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing over 400,000 units in over 160 markets globally. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $14 billion in gross assets under management including $6.3 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.

Media Contacts:
Jason Chudoba or Angela Bonnici
ICR, Inc.
Jason.Chudoba@icrinc.com | 646-277-1249
Angela.Bonnici@icrinc.com | 646-277-1276
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