Greystar, biggest U.S. apartment manager, buys out No. 2 firm

Wednesday, June 4, 2014 | John McDermott

Charleston-based Greystar Real Estate Partners, the country's largest player in the apartment management industry, has snapped up its biggest U.S. competitor.

The Broad Street firm said Thursday it has purchased Riverstone Residential Group from its British owner, CAS Capital Ltd. Terms of the deal weren't disclosed.

Greystar said its latest acquisition - one of several it has made - cements its "position as one of the world's leading multifamily real estate services companies, with over 385,000 apartment units under management in major markets throughout the United States and abroad."

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