Greystar acquires Alliance Residential’s property management business consisting of almost 130,000 Class A apartment units across the United States.
“We only consider acquisitions of companies that are culturally compatible and fit our long-term strategic objectives. In Alliance, we’ve found both. Alliance is held in the highest regard in our industry, operates in some of the best markets across the country, and has some of the most talented people in rental housing.”
Bob Faith, Founder, Chairman and CEO of Greystar
The move comes despite a negative outlook on the multifamily rental industry due to COVID-19 related trends.