Greystar Real Estate Partners, LLC has acquired JPI Management Services, the management services division of Irving, Tex.-based JPI. The acquisition solidifies Greystar's position as one of the leading multifamily real estate companies in the U.S. The company's geographic footprint will expand into 88 major markets with 140,000 units making it one of the nation's largest management companies.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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