Greystar Acquires Native Communities From Ares Real Estate Funds

Greystar has acquired Native Communities from Ares Management for an undisclosed price. The third-party property management business and Greystar’s owned investment portfolio will operate as separate business lines, “ensuring integrity of interests and a clear focus on long-term performance.”

Mark Allnutt, Executive Director – Europe, at Greystar, said, “The acquisition of Native Communities strengthens our operating depth and enhances our ability to support clients as their portfolios grow across markets and sectors. Native’s talented team members’ experience and client relationships will be central to our continued growth. As investment in Europe’s living sectors increases, clients require operating partners that combine local execution with real scale.”

Guy Nixon, CEO of Native Communities, said, “Joining Greystar combines those strengths with a global rental housing platform with the scale, experience and infrastructure to strengthen the support we offer to our clients across the UK and Europe. For our clients, this means continuity of service, access to deeper expertise and broader insight, and a platform designed to grow with them over time. For our teams, it is an opportunity to be part of a business that shares our values and ambition as we enter the next phase of growth together. We also thank Ares for consistently supporting us with our growth initiatives and critical operational enhancements during our partnership.”

John Ruane, Partner and Co-Head of European Real Estate at Ares Management, said, “For the last 10 years, we have supported Guy and his team with the expansion of Native’s portfolio from five assets to 37 today, representing the addition of 9,000 high-quality homes. We are proud to have been a part of Native’s growth journey, providing our insights and resources to help the business fulfil its potential, and wish the team well in this exciting new chapter.”

Source