Finger Companies Sells Portfolio Valued at $2B

The Finger Companies recently sold a portfolio comprised of more than 20 garden and mid-rise assets from its national holdings to a venture led by Greystar in a transaction valued at $2 billion. As part of the transaction, the new venture agreed to retain all of Finger’s on-site employees.

“Today’s announcement is a direct reflection of the talented and devoted family of long-term employees who have consistently upheld the highest standards in the industry,” said Marvy Finger, founder, president and chief executive officer. “The agreement to sell part of our portfolio to the venture spearheaded by Greystar will allow that legacy to continue uninterrupted.”

Finger’s knack for identifying future Main and Main locations has given him almost mythical status among industry peers. Finger has retained ownership and management of nearly every apartment project he has developed since the 1958 launch of his company. The firm is one of the only remaining independent national multifamily development and management companies in the United States.

“This is a major step towards achieving our goal of maintaining a certain level of excellence for which we are known,” says Finger. “We are perfectly positioned to do exciting new projects that will propel the company far into the future.”

The JLL seller advisory team is being led by Scott Galloway and Dustin Selzer along with Roberto Casas.

“Marvy is one of the true icons of the multi-housing industry,” said Galloway. “These assets not only come with prime locations, but they also come with the highest-quality product offerings and the best management team in the business. They perfectly complement Greystar’s national portfolio.”