Press

Pennsylvania shows promise of method delivering 40% faster construction times

Some of the busiest apartment developers in the U.S are still trying to use three-dimensional “modules” created in factories to reduce the cost of construction

For the last six years, Andy Mest, a managing director at Greystar, has been trying to push the multifamily industry in the U.S forward

Greystar to open its first U.S. modular project, a six-building apartment complex in Pennsylvania, and is building six more

Multifamily giant’s new modular apartment venture starts first project, to be built in Clarion County factory and assembled on site at Coraopolis residential site.

This year, multifamily development has been robust. According to a recent supply update from Yardi Matrix, nearly 460,000 units are expected to deliver by the end of the year and more than 510,000 in 2024. Completions are projected to taper off in the years to follow, falling to as low as 365,000 units in 2026,…

Greystar, the massive U.S. developer, bought a factory in order to build a whole new line of modular apartment buildings. When Greystar executive Andy Mest returned to the U.S. in 2018 from working in the United Kingdom, he wanted a new challenge. After spending four years overseeing the global construction team for the massive U.S.-based…

Coraopolis, PA – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, today announced the groundbreaking of Ltd. Spring Run, the first property made up entirely of units created in the Modern Living Solutions (“MLS”) factory – Greystar’s modular construction business…

The US is enduring a severe shortage of affordable housing alongside an era of record-high inflation, according to a recent report from Moody’s Analytics. “What’s more, rental rates sped past wage growth, causing financial distress to Americans paying higher rates without a higher income to match,” writes its analyst David Caputo.