Apartments Serve a 'Basic Need:' Greystar Founder Bob Faith On Why Multifamily Cycle Still has Legs

Wednesday, November 9, 2016 | Randyl Drummer

 

Apartment Pioneer on the Benefits of Greystar's Fully Integrated Business Model, International Expansion and Why He Favors Anything that Restricts 'Exuberant Excess' on the Part of Investors

Hard to believe, but there was a time not so long ago when apartments were not considered the major property type in the commercial real estate sector they are today. 

In 1993, when Bob Faith founded Greystar Real Estate Partners, institutional investors were just beginning to eye the investment potential of the rental housing sector, and they liked what they saw. Faith tapped into that investment trend in a big way.

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