Greystar Announces Strategic Partnership with Lantower Residential
Press Release
February 24, 2026
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Charleston, SC – February 24, 2026 – Greystar, a global leader in investment management, development, and property management, today announced a strategic partnership with Lantower Residential ("Lantower"), a Dallas-based multifamily real estate operator and subsidiary of H&R REIT (TSX: HR.UN).
Lantower will transition its property management operations to Greystar and exit the property management business. Greystar will assume management responsibilities for 23 multifamily communities, including two properties under development with leasing commencing in Q1 2026, totaling approximately 7,895 units in a phased transition beginning February 17.
Greystar is excited to partner with Lantower on this next chapter and is committed to ensuring a seamless transition for residents and onsite teams. The collaboration reflects a shared focus on operational excellence, long-term value creation, and high-quality resident experiences.
“This partnership exemplifies Greystar’s commitment to strategic collaboration that drives value for owners and enhances community living. We look forward to working with the Lantower team to identify new opportunities, optimize performance, and expand our collective impact in key multifamily markets across the United States,” said Mike Clow, Executive Director, Real Estate Operations at Greystar.
As part of the transition, many of Lantower’s onsite and property leadership teams will join Greystar, supporting continuity and operational stability as the communities integrate onto Greystar’s management platform.
“We recognize that great communities are built by great people. We’re proud to welcome many of Lantower’s onsite and property leadership teams into our extended Greystar family and to support a culture that values service, collaboration, and professional excellence,” said Richard Friedman, Senior Managing Director, Strategic Partnerships at Greystar.
This strategic alignment enables Greystar to apply operational scale, data-driven insights, and a resident-centric approach to deliver long-term value.
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 over 260 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 more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including approximately $36 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. To learn more, visit www.greystar.com.
ABOUT H&R REIT
H&R REIT is one of Canada's largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties totaling approximately 21.2 million square feet.
Media Inquiries
Amy Fitzgerald
Amy.fitzgerald@greystar.com
Lantower will transition its property management operations to Greystar and exit the property management business. Greystar will assume management responsibilities for 23 multifamily communities, including two properties under development with leasing commencing in Q1 2026, totaling approximately 7,895 units in a phased transition beginning February 17.
Greystar is excited to partner with Lantower on this next chapter and is committed to ensuring a seamless transition for residents and onsite teams. The collaboration reflects a shared focus on operational excellence, long-term value creation, and high-quality resident experiences.
“This partnership exemplifies Greystar’s commitment to strategic collaboration that drives value for owners and enhances community living. We look forward to working with the Lantower team to identify new opportunities, optimize performance, and expand our collective impact in key multifamily markets across the United States,” said Mike Clow, Executive Director, Real Estate Operations at Greystar.
As part of the transition, many of Lantower’s onsite and property leadership teams will join Greystar, supporting continuity and operational stability as the communities integrate onto Greystar’s management platform.
“We recognize that great communities are built by great people. We’re proud to welcome many of Lantower’s onsite and property leadership teams into our extended Greystar family and to support a culture that values service, collaboration, and professional excellence,” said Richard Friedman, Senior Managing Director, Strategic Partnerships at Greystar.
This strategic alignment enables Greystar to apply operational scale, data-driven insights, and a resident-centric approach to deliver long-term value.
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 over 260 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 more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including approximately $36 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. To learn more, visit www.greystar.com.
ABOUT H&R REIT
H&R REIT is one of Canada's largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties totaling approximately 21.2 million square feet.
Media Inquiries
Amy Fitzgerald
Amy.fitzgerald@greystar.com