Greystar And Credit Corp Announces Closure Of Chilean Multifamily Fund
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing over 400,000 units in over 160 markets globally. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $14 billion in gross assets under management including $6.9 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business.
Credit corp Capital is the investment banking platform of Credit corp Ltd. The firm specializes in providing advisory in Capital Markets, Corporate Finance, and Asset Management in the Andean region as a result of combining the experience, market positioning, and knowledge of three leading institutions: Credit tcorp Capital Peru (former BCP Capital), Credit corp Capital Colombia (former Correval), and IM Trust in Chile.
Credit corp Capital employs more than 1,000 professionals and manages US$ 8.5 billion in assets and advises an additional US$4 billion. In the past five years, Credit corp Capital has placed more than US$ 12.5 billion in capital market transactions and advised clients in transactions over US$ 48 billion.
The two big companies mentioned had already join forces of investments and on being a business partner and they are lease to announce the closing of "Fondo de Inversion Credit corp Capital Renta Chile.
Bob Faith, chairman and CEO of Greystar said "We are excited to announce the closing of our first investment fund in Chile. This is another step to our successful international growth strategy and vision to professionalize the rental housing business and to provide opportunities for institutional capital globally."
"The joint venture with Greystar in Chile is just the start of what we believe is a significant opportunity in the multifamily space across Latin America, and we look forward to growing this partnership throughout the entire Andean Region," said Cristián Letelier, Managing Director of Alternative Investments of Credit corp Capital.