Greystar enters joint venture to develop portfolio of rental housing assets across São Paulo
Clients Greystar Real Estate Partners, LLC
Jones Day advised Greystar Real Estate Partners, LLC in its joint venture with a Canadian pension fund and a Brazilian real estate developer’s existing partnership to develop a portfolio of rental housing assets across São Paulo. The joint venture will continue to target an investment of up to R$1billion (USD$186.4 million) in combined equity following Greystar’s participation in the venture. Greystar will manage the properties acquired through the joint venture along with contributing to the design process.