Friday, January 09, 2009

Greystar Acquires JPI Management Services

Greystar Real Estate Partners LLC has purchased JPI Management Services in a move that significantly expands Greystar as a leading multifamily real estate company, Greystar announced Monday.

JPI Management Services is the management division of Irving-based property management firm JPI.

Charleston, S.C.-based Greystar manages multifamily units in 88 different markets and has investments valued in the range of $2.75 billion.

Prior to the acquisition, JPI Management Services operated as a separate division of JPI, making the transition an easy one, company leaders said in a statement.

-The Dallas Business Journal