Greystar, the global leader in rental  housing, investment management, development, and property management,  today announced the acquisition of a seven-asset, 5,662-bed Purpose-Built  Student Accommodation (PBSA) portfolio in Australia for A$1.6 billion. This  transaction marks a significant milestone for Greystar as it solidifies its presence in  the Australian market and highlights its commitment to addressing growing  demand for high-quality student housing. 

The portfolio, spanning Sydney, Melbourne, Brisbane, Adelaide, and Canberra, is  strategically located within close proximity to leading Australian universities and the assets offer strong foundations for future enhancements. Greystar plans to  upgrade the facilities, refresh branding, and integrate its operational platforms to  elevate the resident experience. 

“This acquisition is a pivotal step in Greystar’s Australian journey,” said Wes  Fuller, Chief Investment Officer. “We are committed to delivering exceptional  housing solutions that meet the needs of students while enhancing the quality  and functionality of these properties.” 

Adam Pillay, Executive Director, Investment Management, Asia-Pacific,  emphasized the importance of this acquisition for the region. “Australia’s student  housing sector is experiencing strong demand, driven by its world-class education  institutions, a growing international student population, and an undersupply of  institutional-quality housing. Our focus is on creating welcoming, thoughtfully  designed spaces that support students in achieving their academic and personal  goals.”

Pillay continued, “By leveraging our global expertise and integrating Greystar’s  operational platforms, we aim to set new benchmarks for quality and service. This  acquisition allows us to deliver superior living environments while strengthening  Australia’s position as a premier destination for international education."  

Greystar’s expansion into Australian student housing complements its existing developments, including The Gladstone, a recently opened build-to-rent  community in Melbourne. These efforts demonstrate Greystar’s ability to adapt its  global expertise to meet the specific needs of regional markets, enhancing  housing options for diverse communities. 

This acquisition not only reinforces Greystar’s position as a global leader in PBSA  but also underscores its commitment to developing innovative housing solutions  that meet the evolving needs of residents and support local communities.

More Greystar Readings 

Greystar Tops Out VIC’s Largest Build-to-Rent Development | The ASEAN Developer

Greystar tops out second build-to-rent development in inner Melbourne South-East | The ASEAN Developer

Greystar’s Zetland development to bring quality rental homes to Sydney | The ASEAN Developer

Greystar celebrates grand opening of first Australian build-to-rent development | The ASEAN Developer

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