Greystar is moving into the Brazilian multifamily sector through a joint venture with local developer Cyrela Brazil Realty and Canada’s national pension fund. South Carolina-based Greystar is joining an existing partnership between Cyrela and the Canadian Pension Plan Investment Board formed in November 2019. The three partners will continue with the joint venture’s targeted $185 million equivalent investment in São Paulo, Brazil’s most populous city. CCP Investments will retain its majority stake in the joint
SOURCE: The Real Deal New York – Read entire story here.