Greystar forms strategic partnership of up to £2.2 billion with ADIA to develop build-to-rent in London and acquires Fizzy Living for £400 million
Clients Greystar Real Estate Partners, LLC
Jones Day represented Greystar Real Estate Partners, LLC in connection with the formation of a strategic partnership with Abu Dhabi Investment Authority (ADIA), targeting the acquisition and development of c.£2.2 billion of build-to-rent (BTR) assets in London, UK and surrounding commuter towns. In conjunction with the new partnership, Greystar has acquired an interest in the Fizzy Living portfolio from Metropolitan Thames Valley Housing. The portfolio is valued at approximately £400 million and Greystar will take over management of approximately 1000 homes. Jones Day also advised on the joint venture in connection with the refinancing of the portfolio.