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Greystar Adds Alpharetta Active Adult Property to Portfolio
Greystar says it’s started construction on its Alpharetta active adult rental community. The Everleigh Deerfield will be located 1010 Meliora Road.
Plans for the community include 16 floor plans ranging from 656-square-foot studios to two-bedroom, two-bathroom units spanning over 1,700 square feet. Monthly rents will start at just under $2,000 a month.
After adding almost 10,000 owned units to its portfolio last year, Greystar became the country’s No. 1 apartment owner with 108,566 residences as of Jan. 1, 2024. It passed Memphis-based REIT MAA, which was second with 100,894 apartments. King of Prussia, Pennsylvania-based Morgan Properties was third with 92,935 units.
Greystar was also No. 1 on the top developer list and kept its top spot on the NMHC Top 50 Managers list for the 13th straight year. The company’s 798,272 apartments under management dwarfed new second-place operator Asset Living’s 291,322 units.
- ◦Development
