Greystar Announces Final Close of $1.27 Billion Greystar Credit Opportunities Fund II

Charleston, SC – October 27, 2025 – Greystar, a global leader in the investment, development, and management of residential real estate, today announced the final close of Greystar Credit Opportunities Fund II (“GO II”), the firm’s second dedicated closed-end credit vehicle. Approximately 12 months after the fund's first close, the fund had a final close bringing the total to $1.27 billion, well exceeding its original $750 million target.

“The strong interest in GO II reflects confidence in Greystar’s disciplined approach, access to data, and the breadth of our platform,” said Kevin Kaberna, Co-Head of Greystar's Americas Principal Business. “We are grateful for the support of both new and longstanding investors who share our vision for this strategy.” 

GO II continues the firm’s flagship credit fund series. With this close, Greystar has now raised five credit funds across fixed income and direct lending strategies, underscoring the firm’s ability to meet the demand of the broad base of investors who desire credit exposure to the living sector. GO II attracted commitments from a diverse and global base of pension funds, insurance companies, and sovereign wealth funds, balanced between repeat investors and new relationships. The Fund’s goal is to provide current income and attractive risk-adjusted returns.

GO II will originate, purchase and manage senior, mezzanine, and preferred equity investments collateralized by for-rent residential assets, with the capability to provide construction loans, finance industrial assets, and purchase securities backed by residential collateral. To date, the fund has already committed $1.6 billion in loans, establishing strong early momentum. 

“With GO II, we are expanding our ability to provide tailored credit solutions at a time when private lending is becoming an increasingly important source of capital,” said Brett Lashley, Senior Managing Director and Head of Greystar’s U.S. Credit business. “Our Credit team has real time and granular access to the operational and financial data on over one million rental units. We believe this scale and integration in the living sector allow us to underwrite opportunities quickly and thoughtfully, understand the complexity of a borrower's business plan and target differentiated results.” 

Greystar believes GO II is well positioned in today’s market. Our research shows private credit continues to benefit from structural tailwinds including bank consolidation, heightened regulation, and the long-term secular shift toward private capital solutions. As one of the largest vertically integrated rental residential platform in the United States, the fund will benefit from proprietary data and longstanding relationships, enabling sourcing, underwriting, and asset management with efficiency and insight.

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 million 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.

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