Greystar Acquires Park Place Apartments
Greystar is pleased to announce its acquisition of Park Place Apartments in Plymouth, a suburb of Minneapolis, MN. The company purchased the 500-unit apartment complex for $54.675 million from Invesco. This acquisition is the latest in Greystar's continuously expanding national multifamily platform. Currently, Greystar owns 58 properties in 25 markets with 17 different partners.
"This property is situated in a well-developed area surrounded by major employers, outdoor attractions, shopping and entertainment, and is served by an excellent school district," said ...