Greystar and Haseko Announce Closing on Birchway Elk Grove Development, Launching Strategic First-Time Partnership

Elk Grove, CA – August 5, 2025 – Greystar, a global leader in investment management, development, and property management, and Haseko North America, the US subsidiary of Japan’s largest condominium construction firm, today announced the closing of Birchway Elk Grove, a new multifamily development located in Elk Grove, California. This marks the first partnership between the two firms and reflects a shared commitment to delivering high-quality housing in fast-growing U.S. markets.

Birchway Elk Grove will introduce a thoughtfully designed residential community to one of Northern California’s most dynamic submarkets. With a mix of one-, two-, and three-bedroom homes and spacious layouts, the homes will feature modern finishes and curated amenity spaces including a clubhouse, resort-style pool, fitness center, BBQ lounge, and landscaped courtyards.

“We are proud to launch this partnership with Haseko and bring Birchway Elk Grove to life,” said Gabriel Gardner, Senior Director of Development at Greystar. “This community furthers our presence in Sacramento’s evolving suburban landscape, focused on creating communities that respond to how people want to live today and in the future."

Sacramento is emerging as one of the most rapidly growing metropolitan areas in the country, driven by more affordable housing and quality of life. This migration trend has been supported by job growth in sectors like agricultural technology, life sciences, and advanced manufacturing. The region also benefits from a strong concentration of government employment, a large public university system, and steady infrastructure investment, all of which contribute to Sacramento’s economic resilience and future housing demand.

“Our partnership with Greystar represents a pivotal milestone in our long-term U.S. strategy, as we work toward achieving $100 million in annual profit from our mainland operations. Northern California, with its stable economic base and strong housing demand, provides an ideal foundation for us to advance this vision. By joining forces with an established leader like Greystar, we are deepening our presence in key suburban communities and reinforcing our commitment to sustainable, diversified growth,” said Kain Matsumoto, Chairman and President of Haseko North America, Inc.

“We are excited to break ground on Birchway Elk Grove with Greystar, a highly respected partner with deep operational expertise. This project reflects our continued confidence in the U.S. multifamily sector and our commitment to creating thoughtfully designed living environments. We appreciate the strong collaboration with the Greystar team and look forward to delivering this exceptional community to the Sacramento region,” said Laurie Mathers, Head of Investment and Asset Management of Haseko North America, Inc.

Groundbreaking is expected in July 2025, and the first residences are expected to deliver in mid-2026.

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, manages 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 Haseko North America
Based in Irvine, California, Haseko North America is a wholly owned subsidiary of the Haseko Corporation, a vertically integrated condominium construction firm headquartered in Japan. Founded in 1937, and going public in 1965, As of April 2025, Haseko has built 718,267 condos, maintaining a market-leading position in Japan for over 50 years. The firm reported annual revenues of $7.85bn, with total assets of $9.11bn in its most recent filings.

Media Inquiries 
Emma Mitchell
emma.mitchell@greystar.com