Greystar Real Estate Partners has raised $1.2 billion for its Greystar Equity Partners IX, according to a SEC filing. The Charleston-headquartered firm began fundraising in 2015 with a $1 billion target.
Its previous fund raised $800 million in 2014.
Investors that committed to Greystar Equity Partners IX include the Ohio Police & Fire Pension Fund and the Kansas Public Employees Retirement System.
The fund will target value added opportunities in multifamily/residential sectors in the United States.