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Greystar Takes 45% Stake in Dallas-Based Thackeray
Greystar Real Estate Partners has made a strategic investment in Dallas-based Thackeray Partners, a leading private real estate investment firm with expertise in rental housing and industrial asset management. Deal terms weren’t disclosed.
As part of the transaction, Greystar has agreed to acquire 45% of Thackeray with the future option to purchase the remainder of ownership interest within the next two years.
Founded in 2005 by Tony Dona and Mary Hager, Thackeray has closed or committed to transactions totaling more than $5.3 billion, representing more than 23,200 rental housing units and nearly 20 million square feet of industrial space. Thackeray will remain in its Dallas office, with Dona and Hager continuing to chair the Thackeray fund business.
“We are optimistic about what this transaction will do for Thackeray and our partners, along with the opportunity to play a role in the continued growth and expansion of Greystar,” said Dona.
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- ◦Sale/Acquisition
