CASE STUDY: INFRASTRUCTURE STRATEGY
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Centralized, efficient operations allow for an estimated 40% lower carbon emissions compared to traditional building-level boiler systems common in the region Greystar made its first infrastructure investment at the end of 2024 to form a district energy platform company that pro- vides heating, ventilation, and air conditioning ("HVAC") to building customers and sells surplus power and capacity to the grid. The formation of this company was seeded by the acquisition of an operating district heating system which is estimated to reduce building emissions from heating by ~40% compared to individual boiler systems. 1
Greystar’s infrastructure strategy is rooted in the recognition of the permanent shifts taking place in cities around the globe driven by urbanization, energy transition, and digitization, requiring a more modern and forward-thinking approach to infrastructure today. The strategy will focus on supportive infrastructure that enhances urban living, including cleaner air and water, improved waste management infrastructure, enhanced connectivity through digital infrastructure, and more reliable power and grid infrastructure to meet the rising energy demands of growing cities. Greystar has identified adjacent thematic opportunities in sectors offering long-term secular growth, including clean power, data centers, transition fuels, social infrastructure, transportation, and logistics facilities. The company's infrastructure projects will focus on delivering reliable, clean power and enhanced grid infrastructure to support residential, industrial, and technology users. Additionally, Greystar plans to integrate infrastructure, such as cell towers, fiber to the home, rooftop solar, battery storage, and EV charging, with its existing housing and industrial real estate footprint.
In 2024, Greystar announced the launch of our Infrastructure platform to capitalize on growing opportunities in digital infrastructure, energy transition, transportation & logistics, water & waste management and social infrastructure. The platform, led by industry veterans with extensive experience investing in middle-market infrastructure, aims to identify and grow companies that develop projects which advance infrastructure solutions for urban living .
1 This example is for illustrative purposes only. It should not be expected that Greystar will always implement similar sustainability processes or that comparable results will consistently be obtained. Emissions estimates based on analysis performed by company prior to Greystar acquisition
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