Wood Partners is in a new relationship that transfers all of the Atlanta-based builder and developer's units under management to Greystar. The Charleston-based real estate firm adds more than 130 properties with 38,000 units across 17 states and will be the manager for Wood's future assets.
"Wood Partners is one of the highest-quality and most well-respected developers and owners of institutional quality rental housing properties in the country and we are honored that they have selected Greystar to be their single-source provider for management services," said Mike Clow, Executive Managing Director of Greystar’s U.S. Real Estate Services, in a release.
Greystar now has more than 895,000 units at over 3,200 communities.
"We are excited to forge this new strategic partnership with the Greystar property management team," said Joe Keough, Chief Executive Officer, Wood Partners, in a release. "Greystar is widely recognized as an industry leader within the property management space. Their collaborative approach throughout the integration process will pave the way for success not only for our robust portfolio of properties, but most importantly, the dedicated associates that make up our talented property management team."