Greystar Promotes Rafael Fernandez-Villaverde to Lead Spain Business

• Fernandez-Villaverde joined Greystar in 2018 in acquisitions and progressed to oversee the Investment team.
• Since opening its Spain office in 2017, Greystar has transacted over €2.6bn with €1.0bn of assets under management.
• Greystar is set for further growth with a planned relocation of its 79 employees to a new office underscoring its commitment to Spain.

Madrid, 11 October 2024 - Greystar, a global leader in the investment, development and management of high-quality real estate across the living sector, has promoted Rafael Fernandez-Villaverde to Managing Director to lead its business in Spain. He joined Greystar in 2018 and previously held the position of Senior Director responsible for the Investment team.

In his new role, Fernandez-Villaverde will lead business development initiatives and the execution of new and existing investment strategies. Greystar has transacted over €2.6bn in Spain since 2017 and today has €1.0bn of assets under management equating to 4,500 units. 

Mark Allnutt, Executive Director - Europe, Greystar, said: "Rafael's promotion to Managing Director in Spain will strengthen the leadership team as we enter an important phase of growth. He has been instrumental in establishing us as a key player in the real estate market in a short timeframe. We have an established platform and a group of talented people, so we think there is huge potential for us to be the de factor partner for the living sector in Spain."

Greystar entered the Spain market through the acquisition of the RESA student accommodation platform in 2017, which it later sold in 2022.

Greystar went on to establish the Be Casa brand through the acquisitions of a 2,500-unit flexible living portfolio from King Street Capital Management and the majority stake in the 2,000-home rental portfolio owned by Vía Célere. The company re-entered the purpose-built student accommodation market in November with the acquisition of a fully permitted freehold plot for a 435-bed asset.

Rafael Fernández-Villaverde, Managing Director - Spain, Greystar, said: “We remain firmly committed to the potential of the Spanish market, as demonstrated by our recent growth ventures. Our experienced team will continue to deliver value for our investors and stakeholders as we keep growing our Southern Europe platform.”
Greystar will move to a new office in Madrid from November 2024 to allow for further expansion, which further underscores its commitment to the region.