Greystar Sells Marlowe South Tampa Multifamily Community
Press Release
February 25, 2026
Tampa, FL – February 25, 2026 – Greystar, a global leader in investment management, development, and property management, today announced the sale of Marlowe South Tampa to Parks Hospitality Holdings (PHH), a North American developer and owner-operator of commercial real estate.
Developed by Greystar and completed in 2024, the garden-style multifamily community is located in one of Tampa Bay’s most desirable neighborhoods. Featuring modern interiors, curated common areas, and elevated amenities, the community is designed to enhance resident experience and long-term value.
“Marlowe South Tampa reflects our commitment to delivering high quality, thoughtfully designed communities in high-demand, land constrained submarkets throughout Tampa Bay, and is another example of Greystar’s ability to execute across the entire investment life cycle, from development through successful disposition” said David King, Managing Director for Greystar Development.”
With proximity to major employment centers, retail destinations, and lifestyle amenities, Marlowe South Tampa offers residents convenient access to downtown Tampa, Westshore, and MacDill Air Force Base.
“Marlowe South Tampa’s strong lease-up performance highlights the resilience of the South Tampa submarket and ongoing demand for new, well-amenitized rental housing,” said Lewis Stoneburner, Senior Managing Director for Greystar Development.
The sale of Marlowe South Tampa demonstrates Greystar’s ability to execute successful development and disposition strategies in high-growth, supply-constrained markets, supported by strong leasing fundamentals and sustained renter demand.
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.
About Parks Hospitality Holdings
Parks Hospitality Holdings (“PHH”) is a North American developer and owner-operator of commercial real estate founded in 2006. Since its founding, PHH has successfully developed more than 100 million square feet of real estate, including mixed-use, high-rise office, high-rise residential, commercial, industrial, and hotels. PHH’s portfolio consists of multifamily, hospitality, and retail properties across the US and Mexico, including over 14,000 apartment units and over 12,000 hotel keys.
Developed by Greystar and completed in 2024, the garden-style multifamily community is located in one of Tampa Bay’s most desirable neighborhoods. Featuring modern interiors, curated common areas, and elevated amenities, the community is designed to enhance resident experience and long-term value.
“Marlowe South Tampa reflects our commitment to delivering high quality, thoughtfully designed communities in high-demand, land constrained submarkets throughout Tampa Bay, and is another example of Greystar’s ability to execute across the entire investment life cycle, from development through successful disposition” said David King, Managing Director for Greystar Development.”
With proximity to major employment centers, retail destinations, and lifestyle amenities, Marlowe South Tampa offers residents convenient access to downtown Tampa, Westshore, and MacDill Air Force Base.
“Marlowe South Tampa’s strong lease-up performance highlights the resilience of the South Tampa submarket and ongoing demand for new, well-amenitized rental housing,” said Lewis Stoneburner, Senior Managing Director for Greystar Development.
The sale of Marlowe South Tampa demonstrates Greystar’s ability to execute successful development and disposition strategies in high-growth, supply-constrained markets, supported by strong leasing fundamentals and sustained renter demand.
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.
About Parks Hospitality Holdings
Parks Hospitality Holdings (“PHH”) is a North American developer and owner-operator of commercial real estate founded in 2006. Since its founding, PHH has successfully developed more than 100 million square feet of real estate, including mixed-use, high-rise office, high-rise residential, commercial, industrial, and hotels. PHH’s portfolio consists of multifamily, hospitality, and retail properties across the US and Mexico, including over 14,000 apartment units and over 12,000 hotel keys.