multifamily

South Carolina manager Greystar Real Estate Partners has closed its 10th value-add multifamily fund at its hard-cap.

Stuart Sziklas will join the firm as head of US custom accounts on September 3, and will lead the portfolio managers overseeing $10 billion across the firm’s separately managed accounts.

Given a family office’s access to long-dated capital, real estate investments seem like a good fit. But management fees continue to be an area of contention.