Rental-Apartment Operator Greystar Bulks Up

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Rental-Apartment Operator Greystar Bulks Up

Greystar Real Estate Partners LLC said it is acquiring a business that manages nearly 130,000 housing units, a deal that extends Greystar’s position as the country’s largest operator of rental apartments.

The Charleston, S.C.-based firm is buying the business from Alliance Residential Co., the country’s fourth-largest apartment manager. Alliance intends to remain in the apartment-development and -investment business.

The…

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