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Greystar Closes Third Commercial Real Estate Debt Fund at $600M 

Greystar Real Estate Partners, LLC has reached the final close of Greystar Credit Partners III, LP. The $600-million commercial real estate debt fund will focus on acquiring securitized subordinated debt and on private label securitizations, junior notes, and mezzanine debt collateralized by the continuum of for-rent residential assets.  

“GCP III is the continuation of an effort initiated in 2018 to scale into credit strategies that leverage the firms nearly 30 years of multifamily operating expertise to make thoughtful, data-driven and timely principal investment decisions,” said Brett Lashley, managing director and leader of credit at Charleston, SC-based Greystar.  

“Greystar’s credit business has raised over $2 billion of unlevered capital and continues to expand the focus of the business with additional CRE debt-oriented strategies. While we’ll always be patient stewards of the capital entrusted to us, we look forward to deploying this capital in an environment with potentially improving risk/return metrics.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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