Greystar Acquires Riverstone: What’s Next?

Faith says ‘business as usual’ for leadership, staffing, supplier relations of both companies.

With the goal of becoming better - not just bigger- the two largest property management companies joined forces on June 2 when Greystar Real Estate Partners acquired Riverstone Residential Group from London-based CAS Capital Limited, a wholly owned subsidiary of Regis Group PLC, owned by Nick and Peter Gould.

The company, which will continue under the name “Greystar,” comprises more than 385,000 apartment units.

Unofficially that puts it at more than twice the size of the second-largest management company, Lincoln Property Company, with approximately 153,000 units and Pinnacle third at 132,000, according to the 2014 NMHC Top 50 apartment management firms.

Keep Reading