Greystar Real Estate Partners has held a first close of its tenth fund, Greystar Equity Partners X, at $1.34 billion. The fund surpasses its predecessor, Greystar Equity Partners IX, which held a final close in February 2017 at $1.25 billion.
The fund will employ a value-add strategy and invest in multifamily opportunities throughout North America. It currently has a target size of $2 billion.