Cases & Deals

Greystar launches Dutch Essential Housing Venture

Client(s) Greystar Real Estate Partners, LLC

Jones Day advised Greystar in the establishment of its Dutch Essential Housing Venture in partnership with Stichting Pensioenfonds ABP (through its asset manager, APG Asset Management N.V.).

The venture aims to deliver new high quality rental housing for mid-income earners, key workers and pensioners in the Netherlands. The development-led strategy has a first tranche commitment of EUR 420m in order to build and operate c. 1,500 new homes in the Randstad area and other Dutch cities. The seed asset of the venture is a development project in Leiden that will provide 780 new apartments.