Executive Insight: Bob Faith, Greystar
The firm's CEO talks investment strategy, highlights of 2016 and the outlook for 2017.
As chairman & CEO of Greystar, Bob Faith oversees the firm’s investment, property management and development businesses. The Charleston, S.C.-based company was named the largest multifamily property manager for the sixth year in a row by the National Multifamily Housing Council and ranks No. 2 overall on the 2016 CPE/MHN index of commercial and multifamily property management companies.
Greystar manages an institutional investment portfolio valued at more than $14 billion, including a $6.9 billion development pipeline. The firm’s management portfolio comprises more than 400,000 units in 160-plus markets worldwide. Last month, Greystar and an affiliate of Macquarie Group announced plans to form a joint venture to raise institutional capital to acquire, develop, reposition and manage rental residential assets in the Asia-Pacific region.
In a recent wide-ranging conversation with MHN, Faith took time to discuss the market’s prospects for 2017, highlights of 2016 and company strategy.
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