Charleston-based Greystar sells apartments worth $2B - Live5News.com | Charleston, SC | News, Weather, Sports

Charleston-based Greystar sells apartments worth $2B

Photo Source: AP Photo Source: AP
Charleston, SC (AP) -

A Charleston company that owns and manages apartment complexes in the United States, Mexico and Europe has sold 32 of its properties for $2 billion.
Greystar Real Estate Partners announced in a news release Tuesday that one of its investment funds sold the properties to Blackstone Real Estate Partners in a deal that amounts to $192,000 for each of the 10,400 rental units.
The sale includes properties in Seattle, San Francisco, Los Angeles, South Florida, New York City and in Boston.
The properties are a mix of mid-rise, high-rise and garden-style apartment buildings.

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