A New Approach To Rental Housing Investment in Germany
Greystar launched our vertically integrated platform in Germany and Austria to acquire and develop purpose-built student accommodation and rental housing. Since entering the European market in 2013, Greystar has built a significant high-quality rental portfolio by investing in student accommodation and purpose-built rental housing across the continent. Across Europe, the Greystar team has grown to over 500 skilled professionals, leading the way in investment management, development and property management of rental housing. The Greystar vertically integrated rental housing platform combines local market expertise with the power of a global investment, development, and property management platform.
The Greystar growth strategy in Germany and Austria is highlighted by our November 2018 acquisition of DC III Tower in Vienna, the second largest German-speaking city and among the fastest growing city populations in the EU. The city is home to the third largest student population in Europe and, moreover, demonstrates a large international exposure. The acquisition emphasizes our commitment to develop best-in-class, professionally managed rental housing across the German-speaking markets to hold and operate long-term. Greystar will continue to leverage its local market expertise and deep industry relationships to identify attractive rental housing investments and management opportunities in Germany and Austria.
The Greystar European growth strategy continues to focus on targeting world-class cities that lack institutionalized purpose-built rental housing and student accommodations. By investing intelligently with a global capital allocation strategy, maintaining our focus on managing and mitigating risk, and a dedicated local operating platform, Greystar aims to maximize investment returns for our investors.