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Canada’s Largest Pension Fund Teams With Greystar on US$389 Million Apartment Venture

Strategy Calls for Development of Properties in Coastal Markets and US Regions With Strong Growth
Greystar Real Estate Partners, which operates apartments in cities such as Charlotte, North Carolina, plans to take a 10% stake in a new venture with the Canada Pension Plan Investment Board to develop U.S. multifamily housing. (CoStar)
Greystar Real Estate Partners, which operates apartments in cities such as Charlotte, North Carolina, plans to take a 10% stake in a new venture with the Canada Pension Plan Investment Board to develop U.S. multifamily housing. (CoStar)
CoStar News
January 7, 2021 | 7:17 P.M.

Canada's largest pension fund is spending 350 million U.S. dollars to bulk up on multifamily holdings in the United States, forming a new joint venture with Greystar Real Estate Partners, the biggest U.S. apartment manager.

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