2026 Investor Letter – Internal

Reinvesting in our Platform

At times of market stress, it is also the moment when your partner’s viability and durability really matters. Many firms, particularly subscale platforms, will face difficult decisions as the combination of elevated operating costs and low growth will put pressure on platform investments and team member retention. In that environment, the strength of the organization behind the assets becomes a critical variable. • We’re building trailblazing market and property intelligence. Few advantages in asset management compound the way data does. But only if you have enough of it, and only if you can act on it. The data we shared earlier that our platform generates – information from more than 1.1 million managed units, 2+ million residents, and guided by the daily interactions of 29,000+ team members over three decades – results in a dataset that no subscale operator can replicate…and one we are determined to put to work. That starts with GPS, the Greystar Performance System. GPS is a single, real-time source of truth that replaces the disconnected spreadsheets and last-generation dashboards that once defined the industry. Every analyst, asset manager, and senior leader operates from the same view, which means when markets shift, we move. Strategy, marketing, renovation pacing, expense controls, capital allocation: GPS touches all of it, in real time, at scale. At our Annual Summit, we intend to show this to you live. Because in a dispersion market, proof of differentiation matters as much as thesis. • What GPS enables, AI is beginning to accelerate. We are deploying machine learning against this proprietary dataset to detect market inflections earlier, anticipate resident behavior, and surface underwriting signals that are simply invisible to less-scaled operators. This is not data for its own sake — it is artificial intelligence in service of better investment decisions, tighter asset management, and the day-to-day operating choices that, over time, we believe will compound into differentiated returns.

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