Greystar Real Estate Partners raises $500m

The Charleston, South Carolina-based multifamily real estate firm has closed its first real estate debt fund.

Greystar Real Estate Partners held a final close for its Greystar Credit Partners I at $500 million.

The fund’s strategy will be focused on acquiring subordinated and securitised debt, sponsored by US government-sponsored enterprises, where debt funds, sovereign wealth funds and other sellers may be seeking to offload debt securities prior to maturity in North America.