Greystar: Difference between revisions
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{{CompanyCargo | {{CompanyCargo | ||
|Founded=1993 | |Founded=1993 | ||
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|Type=Private | |Type=Private | ||
|Website=https://www.greystar.com/ | |Website=https://www.greystar.com/ | ||
|Logo=Greystar Real Estate Partners logo.png | |||
|Description=Greystar Real Estate Partners is a global real estate organization based in Charleston, South Carolina that provides property management, investment, | |Description=Greystar Real Estate Partners is a global real estate organization based in Charleston, South Carolina that provides property management, investment, | ||
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'''Greystar Real Estate Partners''' is a global real estate organization based in Charleston, South Carolina that provides property management, investment, and development/construction services. Founded in 1993 by current Chairman and CEO Bob Faith, they were originally based in Houston, Texas before moving to Charleston in 1998. Since their inception they have grown to employ over 28,000 people, operating across 17 countries, managing more than $220 billion in real estate assets. According to the National Multi Family Housing Council (NMHC), in the United States as of January 1, 2026, they are the largest apartment manager, with 1,014,091 units under management, and the largest owner, owning 119,160 units. The NMHC also states they are the largest developer, with 7,188 units that began development in 2025, and the third largest builder, with 6,490 units that began construction in 2025.<ref>{{Cite web |date=2026-01-01 |title=The National Multifamily Housing Council's authoritative rankings of the nation's Top 50 Owners and Top 50 Managers, as well as the Top 25 Developers, Top 25 Builders and Top 10 Syndicators, with this year's lists including Built-to-Rent (BTR) units in its counts for the first time. |url=https://www.nmhc.org/research-insight/the-nmhc-50/ |url-status=live |access-date=2026-05-10 |website=National Multifamily Housing Council}}</ref> | |||
==Consumer impact summary== | |||
{{Ph-C-CIS}} | |||
==Incidents== | ==Incidents== | ||
===Algorithmic pricing=== | |||
====''U.S. v. Greystar Management Services, LLC'' (''January 2025—'')==== | |||
In January of 2025, the U.S. District Court for the Middle District of North Carolina filed a complaint against Greystar for violation of [https://uscode.house.gov/view.xhtml?req=granuleid:USC-2000-title15-section1&num=0&edition=2000 Section 1 of the Sherman Act], 15 U.S.C. § 1<ref>{{Cite web |date=2025-08-08 |title=UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA - PROPOSED FINAL JUDGEMENT |url=https://www.justice.gov/opa/media/1410741/dl |url-status=live |access-date=2026-05-10 |website=U.S. Department of Justice |pages=2}}</ref>. In this filing the Plaintiffs allege that Greystar, along with five co-defendants, "shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms, which also included anticompetitive rules that aligned competitors’ pricing"<ref>{{Cite web |date=2025-08-08 |title=Justice Department Reaches Proposed Settlement with Greystar, the Largest U.S. Landlord, to End Its Participation in Algorithmic Pricing Scheme |url=https://www.justice.gov/opa/pr/justice-department-reaches-proposed-settlement-greystar-largest-us-landlord-end-its |url-status=live |access-date=2026-05-10 |website=U.S. Department of Justice - Office of Public Afffairs}}</ref>.<!-- I'll come back to add this to the incident list https://www.justice.gov/crt/case/united-states-v-greystar-management-services-llc --><!-- and this https://apnews.com/article/rent-hidden-fees-landlord-greystar-ftc-sues-355c0239fcf48f7f6297e6eb08398abf --><!-- is this different than the apnews article? https://www.ftc.gov/news-events/news/press-releases/2025/12/greystar-agrees-pay-24-million-stop-deceptive-advertising-practices-result-ftc-colorado-lawsuit --><!-- sort out all the different sources. potentially different states are filing complaints for the same violation hence different settlement numbers and different states listed --><!-- oregon? https://www.doj.state.or.us/media-home/news-media-releases/ag-rayfield-announces-settlement-w-largest-u-s-landlord-over-price-fixing-scheme/ --> | |||
== | ==Products== | ||
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== | ==See also== | ||
{{Ph-C-SA}} | |||
==References== | |||
{{Reflist}} | |||
[[Category:{{PAGENAME}}]] | |||
Latest revision as of 06:21, 11 May 2026
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Greystar
| Basic information | |
|---|---|
| Founded | 1993 |
| Legal Structure | Private |
| Industry | Real Estate, Real Estate Development, Property Management, Investment |
| Also known as | |
| Official website | https://www.greystar.com/ |
Greystar Real Estate Partners is a global real estate organization based in Charleston, South Carolina that provides property management, investment, and development/construction services. Founded in 1993 by current Chairman and CEO Bob Faith, they were originally based in Houston, Texas before moving to Charleston in 1998. Since their inception they have grown to employ over 28,000 people, operating across 17 countries, managing more than $220 billion in real estate assets. According to the National Multi Family Housing Council (NMHC), in the United States as of January 1, 2026, they are the largest apartment manager, with 1,014,091 units under management, and the largest owner, owning 119,160 units. The NMHC also states they are the largest developer, with 7,188 units that began development in 2025, and the third largest builder, with 6,490 units that began construction in 2025.[1]
Consumer impact summary
[edit | edit source]
Incidents
[edit | edit source]Algorithmic pricing
[edit | edit source]U.S. v. Greystar Management Services, LLC (January 2025—)
[edit | edit source]In January of 2025, the U.S. District Court for the Middle District of North Carolina filed a complaint against Greystar for violation of Section 1 of the Sherman Act, 15 U.S.C. § 1[2]. In this filing the Plaintiffs allege that Greystar, along with five co-defendants, "shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms, which also included anticompetitive rules that aligned competitors’ pricing"[3].
Products
[edit | edit source]
See also
[edit | edit source]
References
[edit | edit source]- ↑ "The National Multifamily Housing Council's authoritative rankings of the nation's Top 50 Owners and Top 50 Managers, as well as the Top 25 Developers, Top 25 Builders and Top 10 Syndicators, with this year's lists including Built-to-Rent (BTR) units in its counts for the first time". National Multifamily Housing Council. 2026-01-01. Retrieved 2026-05-10.
{{cite web}}: CS1 maint: url-status (link) - ↑ "UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA - PROPOSED FINAL JUDGEMENT". U.S. Department of Justice. 2025-08-08. p. 2. Retrieved 2026-05-10.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Justice Department Reaches Proposed Settlement with Greystar, the Largest U.S. Landlord, to End Its Participation in Algorithmic Pricing Scheme". U.S. Department of Justice - Office of Public Afffairs. 2025-08-08. Retrieved 2026-05-10.
{{cite web}}: CS1 maint: url-status (link)