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Bob Faith

NEW YORK CITY–Yesterday Greystar announced it was acquiring Education Realty Trust for $4.6 billion. Greystar is making the purchase through a newly-formed perpetual-life fund called Greystar Student Housing Growth and Income Fund. As part of the deal, it is partnering with Blackstone Real Estate Income Trust to acquire 20 of EdR’s assets — namely, properties located close to several universities — for $1.2 billion. After the deal was announced GlobeSt.com caught up with Greystar CEO Bob Faith to learn more about the transaction and how it plays into Greystar’s plans to expand into student housing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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