Germany Business Services
A New Approach To Rental Housing Investment in Germany
The Greystar growth strategy in Germany and Austria is highlighted by our November 2018 acquisition of DC III Tower in Vienna, the second largest German-speaking city and among the fastest growing city populations in the EU. The city is home to the third largest student population in Europe and, moreover, demonstrates a large international exposure. The acquisition emphasizes our commitment to develop best-in-class, professionally managed rental housing across the German-speaking markets to hold and operate long-term. Greystar will continue to leverage its local market expertise and deep industry relationships to identify attractive rental housing investments and management opportunities in Germany and Austria.
The Greystar European growth strategy continues to focus on targeting world-class cities that lack institutionalized purpose-built rental housing and student accommodations. By investing intelligently with a global capital allocation strategy, maintaining our focus on managing and mitigating risk, and a dedicated local operating platform, Greystar aims to maximize investment returns for our investors.
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1 Information is as of end of Q1 23. Assets under management includes the investment advisors’ regulatory assets under management, real estate investments organized by affiliates of Greystar Real Estate Partners (“GREP”), and real estate projects where affiliates of GREP are the primary developer, manager or operator. Assets under management are calculated at gross asset value and include estimate total project costs for real estate investments and projects that have not been completed. The investment advisors’ regulatory assets under management were $26.6 billion as of December 31, 2022.