Greystar raises $1.34bn

The South Carolina-based real estate firm held a first close on its tenth equity fund.

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.