GREYSTAR CLOSES ON LAND FOR CASSIA NAPLES
Press Release
October 15, 2025
Naples, FL – October 14, 2025 – Greystar, a global leader in investment management, development, and property management, and Whitman Peterson, an institutional real estate investment company, today announced the successful land closing and construction start for Cassia Naples, a new residential development in Naples, Florida.
Cassia Naples will be a 3- and 4-story garden-style luxury apartment community with 328 units featuring one- and two-bedroom residences. All of the buildings face a large central lake and the 23 acre property includes a 3.5 acre nature preserve.
The property will showcase extensive amenities including pickleball courts, a lakeside walking trail, dog parks, a putting green and gaming area, outdoor kitchens and recreation spaces, an upscale pool with private cabanas, and a detached clubhouse with ample coworking space and a state-of-the-art fitness center.
"We are excited to bring Cassia Naples to South Naples and meet the region’s strong rental demand while providing residents with a high-quality living experience in a well-connected location close to retail and recreation," said Lewis Stoneburner, Senior Managing Director for Greystar Development.
Located at the intersection of US-41 and Greenway Road, Cassia Naples is less than 20 minutes from the heart of Downtown Naples and Marco Island. The site is surrounded by high-end, single-family residential communities, top-rated country clubs, and access to nature.
Cassia Naples has access to over two million square feet of commercial and retail space within a 5-mile radius with nationally recognized brands such as Publix, Aldi, The Fresh Market, Panera, Starbucks, and more.
"South Naples is one of the most naturally beautiful areas of Collier County, and we are thrilled to introduce our Cassia Naples project to the market. Cassia Naples will be one of the few rental projects in the area, and we will offer best-in-class finishes and amenities to renters who will benefit from the accessibility to nature, major retailers, and top employers," added Ana Pedrajo, Senior Director for Greystar Development.
Construction is scheduled to begin in October, with first units expected for completion in February 2027.
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 more than 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 nearly $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 Whitman Peterson
Whitman Peterson (“WP”) is an institutional real estate investment company, making and actively managing opportunistic real estate investments on behalf of institutional investors. The firm focuses on highly strategic GP-aligned partnerships with some of the nation’s top vertically integrated real estate companies in its target sectors. WP and Greystar have been strategic partners since WP’s formation in 2010 and have invested together in more than 175 asset-level investments, across multifamily, active adult, student, and logistics strategies. WP and Greystar have capitalized and developed over 7.5M square feet of warehouse and logistics space together, representing over $1.1B in total capitalization. Across all Whitman Peterson’s funds and GP-aligned partnerships, the firm has made more than 300 investments, in transactions involving more than $30B of total capitalization. Whitman Peterson is headquartered in the Greater Los Angeles area.
Media Inquiries
Amy Fitzgerald
Amy.fitzgerald@greystar.com
Cassia Naples will be a 3- and 4-story garden-style luxury apartment community with 328 units featuring one- and two-bedroom residences. All of the buildings face a large central lake and the 23 acre property includes a 3.5 acre nature preserve.
The property will showcase extensive amenities including pickleball courts, a lakeside walking trail, dog parks, a putting green and gaming area, outdoor kitchens and recreation spaces, an upscale pool with private cabanas, and a detached clubhouse with ample coworking space and a state-of-the-art fitness center.
"We are excited to bring Cassia Naples to South Naples and meet the region’s strong rental demand while providing residents with a high-quality living experience in a well-connected location close to retail and recreation," said Lewis Stoneburner, Senior Managing Director for Greystar Development.
Located at the intersection of US-41 and Greenway Road, Cassia Naples is less than 20 minutes from the heart of Downtown Naples and Marco Island. The site is surrounded by high-end, single-family residential communities, top-rated country clubs, and access to nature.
Cassia Naples has access to over two million square feet of commercial and retail space within a 5-mile radius with nationally recognized brands such as Publix, Aldi, The Fresh Market, Panera, Starbucks, and more.
"South Naples is one of the most naturally beautiful areas of Collier County, and we are thrilled to introduce our Cassia Naples project to the market. Cassia Naples will be one of the few rental projects in the area, and we will offer best-in-class finishes and amenities to renters who will benefit from the accessibility to nature, major retailers, and top employers," added Ana Pedrajo, Senior Director for Greystar Development.
Construction is scheduled to begin in October, with first units expected for completion in February 2027.
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 more than 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 nearly $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 Whitman Peterson
Whitman Peterson (“WP”) is an institutional real estate investment company, making and actively managing opportunistic real estate investments on behalf of institutional investors. The firm focuses on highly strategic GP-aligned partnerships with some of the nation’s top vertically integrated real estate companies in its target sectors. WP and Greystar have been strategic partners since WP’s formation in 2010 and have invested together in more than 175 asset-level investments, across multifamily, active adult, student, and logistics strategies. WP and Greystar have capitalized and developed over 7.5M square feet of warehouse and logistics space together, representing over $1.1B in total capitalization. Across all Whitman Peterson’s funds and GP-aligned partnerships, the firm has made more than 300 investments, in transactions involving more than $30B of total capitalization. Whitman Peterson is headquartered in the Greater Los Angeles area.
Media Inquiries
Amy Fitzgerald
Amy.fitzgerald@greystar.com