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Report: Greystar rolls out latest US multifamily-focused fund

Greystar Real Estate Partners launched its next U.S. value-add real estate fund with a fundraising target in the $1.5 billion range, PERE News reported, citing unnamed sources.

The multifamily real estate company reportedly is in the early stage of talks with existing backers and has not yet determined a hard cap for the new Greystar Equity Partners X fund. It is likely to hold a first close for the multifamily-focused vehicle later in 2018, after it has deployed 90% of the predecessor fund.

Greystar did not comment on the matter, according to the report.