Greystar and Grand Peaks Announce Exclusive Strategic Partnership

Charleston, SC - September 3, 2025 - Greystar, a global leader in the investment, development, and management of residential real estate, today announced a strategic partnership with Grand Peaks, a Denver-based, privately held, and vertically integrated real estate investment and management firm. The agreement will add nearly 11,000 apartment homes across seven states to Greystar’s U.S. property management platform at closing.
 
Since its founding in 2003 by brothers Luke and Nick Simpson, Grand Peaks has built a portfolio that blends quality, scale, and geographic diversity. With strategic investments in vibrant markets and long-standing partnerships with leading institutional investors, the company is well positioned for continued growth. Partnering with Greystar brings added operational scale and market reach, aligning both companies toward a shared vision of long-term portfolio performance and value creation.
 
Under the agreement, Greystar will manage the Grand Peaks communities, enabling the company to focus on its core strengths in development, investment, and asset management while delivering enhanced value to our residents and joint venture partners. By leveraging Greystar’s national platform, local market expertise, and operational capabilities, the partnership will strengthen Greystar’s presence in high-growth markets including Miami, Denver, Dallas–Fort Worth, Portland, Charlotte, Phoenix, and Seattle.

“Greystar’s reputation for excellence and innovation makes them the ideal partner to ensure our communities continue to thrive,” said Luke Simpson, Co-Chief Executive Officer of Grand Peaks. “Their approach to service, integrity, and operational excellence mirrors our commitment to quality, growth, and teamwork. Partnering with Greystar positions our portfolio and residents to benefit from industry-leading practices while building on our legacy of community and service.

“At Greystar, we seek partnerships with organizations that share our commitment to delivering exceptional resident experiences and operational excellence,” said Richard Friedman, Senior Managing Director of Client Services & Strategic Partnerships at Greystar. “Grand Peaks’ high-quality portfolio, long-standing industry reputation, and strong culture make them a natural fit for our organization. This partnership not only combines their deep market relationships and investment expertise with Greystar’s operational scale and resources, but also provides a great home for their talented team members as we work together to create meaningful value for residents, investors, and our people."

By combining strengths, Grand Peaks and Greystar are poised to deliver long-term value for residents, partners, and the broader multifamily market, reinforcing their shared vision of creating communities that stand out for quality, service, and innovation.

About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in nearly 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over 1,000,000 units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

About Grand Peaks
Grand Peaks Properties, Inc. (“Grand Peaks”), a fully integrated real estate investment firm focused on development, investment, and asset management. Headquartered in Denver, Colorado, and founded in 2003, Grand Peaks has grown a portfolio of more than 11,000 units across 10 U.S. markets. Combining three generations of the Simpson family’s multifamily expertise with more than 25 years of direct property management experience, Grand Peaks creates long-term value for investors and builds thriving communities.

Media Inquiries
Garrett Derderian
Senior Director, Head of External Communications, Americas & APAC
garrett.derderian@greystar.com