Blackstone Acquires $2 Billion Greystar Portfolio of Residential Properties
12.10.15
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The Firm represented Blackstone Real Estate Partners VIII in connection with its acquisition of 32 multifamily properties from Greystar Real Estate Partners for a total purchase price of $2 billion. The portfolio comprises an aggregate of approximately 10,399 units located in major metropolitan areas across twelve states, including Los Angeles, San Francisco, San Antonio and South Florida.
The Simpson Thacher team included Erik Quarfordt, Alison Ando, Mark Semotiuk and Leanne Welds (Real Estate); Nancy Mehlman and Taylor Alexander (Tax); and Scott Dyer, Jeanne Annarumma and Andrew Blau (Executive Compensation and Employee Benefits).