Greystar Management acquires Glacier Real Estate
Greystar Management Services, a national multifamily real estate company, announced the acquisition of Glacier Real Estate Services Thursday. Based in South Carolina, Greystar manages about 640 properties in more than 100 markets. Greystar Chairman and CEO Bob Faith said the move gives the company access to real estate markets in the Pacific Northwest. "We believe the combination of Glacier’s local team, expertise, and reputation with Greystar's national resources and best practices will enable us to provide an exceptional level of service to our residents, clients, and team members in the Pacific Northwest," he said. Glacier Real Estate Services, based in Seattle, provides professional management services to owners of multifamily and commercial properties. They manage 32 properties and almost 400,000 square feet of commercial property in Washington and Oregon. The company's management team and other key employees will remain in place, joining Greystar's national force. Joe Manca, president of Glacier Real Estate Services said the two companies share common values. "Most importantly, we are focused each day on our residents, clients and our people," Manca said. Terms and conditions of the deal weren't released. Sarah Mueller is an editorial assistant for HousingWire.