Greystar Appoints New Director of Investments in Chile
Santiago, Chile – 5 April 2022 – Greystar Real Estate Partners LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties, has appointed Ivars Grinbergs as Director of Investments in Chile. Grinbergs will be responsible for evaluating and negotiating new acquisitions, capital raising, portfolio management and investor relations, reporting to Tom Livelli, Managing Director for Greystar in South America.
Prior to joining Greystar, Grinbergs was General Manager for Grupo Patio’s USA division, a real estate investment and development group focusing on retail, office, multifamily, and industrial assets. He also held various management roles at Grupo Patio overseeing industrial real estate development projects and commercial management of office assets. Before that, he worked at Independencia Asset Management and Principal Financial Group. Grinbergs earned his Industrial Engineering degree from Pontificia Universidad Católica de Chile and a Master of Business Administration from the University of Colorado at Boulder.
“Greystar’s multifamily platform has been growing meaningfully across Latin America in partnership with some of the world’s largest and most sophisticated institutional investors,” said Livelli. “We couldn’t be more excited to welcome Ivars to our team. His extensive experience in sourcing, negotiating, and structuring real estate acquisitions and overseeing asset management activities will play a key role in fortifying our business in Chile and fueling our continued expansion as we find new avenues to deliver exceptional rental communities and best-in-class services to our residents.”
“Greystar has set the standard for outstanding results in the multifamily sector globally,” said Grinbergs. “I look forward to joining the team in Chile and building upon my real estate experience to push our investment management and acquisitions to the next level as we pave the path for exceptional rental housing options in a rapidly growing market.”
In January this year, Greystar together with a Canadian partner, acquired the Activa Gran Avenida project in La Cisterna, the first building the firm has in operation in Chile and South America.
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates approximately $230 billion of real estate in 215 markets globally including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 754,000 units/beds, and has a robust institutional investment management platform with approximately $49.9 billion of assets under management, including $22.6 billion of development assets. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
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