Greystar - Investment vs Development
Does anyone know the difference between the "Investment Analyst/Associate" vs "Development Analyst/Associate" roles at Greystar? The job descriptions are very similar, so it's hard to know how the roles will differ (especially when based out of the same office/area)?
Ex-Greystar here, the investment and development teams are two separate platforms under the Greystar umbrella.Investments looks at existing multi family assets to acquire using Greystar's fund capital. Their main office is in Charleston.Development is Greystar's development platform. Typical JV development structure with GS as owner operator. Looking at assembling land and partnering with LPs to do developments.As far as their investments, I believe the platform may be looking outside of multi family, but don't quote me on it.
Edit: sorry for spacing issues, posting via the app doesn’t allow it.
Appreciate the insight. So is the development team sourcing site's to develop and doing the underwriting? Do the two teams work across each other ever? Any insight on culture of the two teams?
Also, do you know how the comp compares between the two?
Day to day there's not a lot of cross disciplinary work. I have seen GS investments buy a GS development. Development team runs the deals cradle to grave. As far as culture, they're slightly different, investments felt more "institutional" and ran more like traditional PE. Handful of ex IB guys etc. Overall, either business unit is solid. GS is obviously a household name in RE. An offer from either would be great. Not able to speak intelligently on comp, haven’t been at GS for a while and with inflation, who knows where things are at. Development was in line with development pay. IE at analyst level typically below true REPE.
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