King & Spalding advised Greystar Real Estate Partners, LLC in the formation of Greystar Equity Partners X, a $2 billion closed-end, investment fund that targets equity investments in value-add, multifamily real estate assets in major markets throughout the United States.
The Fund is the largest U.S.-focused, value-add multifamily real estate fund ever raised. More details on the deal can be found here.
The King & Spalding team on this transaction was led by partners Jennifer Morgan and Doug Elsbeck and includes Rachel Shepardson, Shalin Sheth, Jordan Hodge, Emily Sawicki, and Steve Zavodnick. Wayne Pressgrove and Robert Beard provided tax expertise on the transaction, and Laura Westfall provided ERISA expertise. Natalie Whitaker advised on real estate matters, and George Williams advised on bank regulatory matters.