Greystar Closes on Land for East Division Logistics
Press Release
April 22, 2026
Nashville, TN – April 22, 2026 – Greystar, a global leader in rental housing, investment management, development, and property management today announced the successful land closing in partnership with Whitman Peterson for East Division Logistics, a rear-loaded, shallow-bay logistics development in the greater Nashville area.
Located at 5440 East Division Street in Lebanon, Tennessee, the 13.52-acre development site
has convenient access to Interstate 40, Interstate 840, Nashville International Airport (BNA), and is within 30 minutes of downtown Nashville.
East Division Logistics will comprise 124,000 square feet of shallow-bay logistics space with a 170-foot depth and 32-foot clear height. The facility will feature 22 dock doors, 14 knockout doors for future expansion, and two drive-in doors, all supported by an ESFR sprinkler system. The project also includes 2,000 square feet of spec office space and 132 car parking spaces
"We are excited to close on our second logistics facility in the Nashville market this year," said Eric Berger, Development Associate at Greystar. "East Division Logistics reflects our commitment to delivering modern logistics space with the scale and flexible logistics solutions that meet the evolving needs of a broad tenant base.”
Construction is underway with delivery expected May 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 265 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 over $35 billion of development assets and approximately $36.5 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. For more information, please visit https://www.whitmanpeterson.com/.
Media Inquiries
Bailey Zaunbrecher
Bailey.zaunbrecher@greystar.com
Located at 5440 East Division Street in Lebanon, Tennessee, the 13.52-acre development site
has convenient access to Interstate 40, Interstate 840, Nashville International Airport (BNA), and is within 30 minutes of downtown Nashville.
East Division Logistics will comprise 124,000 square feet of shallow-bay logistics space with a 170-foot depth and 32-foot clear height. The facility will feature 22 dock doors, 14 knockout doors for future expansion, and two drive-in doors, all supported by an ESFR sprinkler system. The project also includes 2,000 square feet of spec office space and 132 car parking spaces
"We are excited to close on our second logistics facility in the Nashville market this year," said Eric Berger, Development Associate at Greystar. "East Division Logistics reflects our commitment to delivering modern logistics space with the scale and flexible logistics solutions that meet the evolving needs of a broad tenant base.”
Construction is underway with delivery expected May 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 265 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 over $35 billion of development assets and approximately $36.5 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. For more information, please visit https://www.whitmanpeterson.com/.
Media Inquiries
Bailey Zaunbrecher
Bailey.zaunbrecher@greystar.com