US Investment House, Australian Bank Team Up To Target Asia's Property Markets

Tom Burroughes

19 October 2016

A US investment house and an Australian bank’s capital markets business have teamed up to create a platform for investing into the Asia-Pacific region.

The letter of intent for the venture has been signed by . The venture is called Greystar Asia-Pac.

The venture intends to raise institutional capital to acquire, develop, reposition and manage rental residential assets across Asia.

Greystar, which invests in, develops and manages rental housing, operates in 160 markets worldwide and has ownership interest in assets of $14 billion. The firm said the Asian venture is part of an international growth strategy that has seen Greystar already set up shop in the UK, Europe and Latin America.

Initial investment ideas are being considered in Tokyo, Beijing, Shanghai, Sydney and Melbourne, Greystone said in a statement yesterday.