Greystar has appointed Mark Allnutt as head of its UK operations, overseeing its 200 London staff and activities in the student housing and residential rental sectors.
He will replace Jeff Manno who is returning to the United States to lead portfolio management for the new Greystar Growth and Income Fund.
Greystar intends to increase it multifamily portfolio to 10,000 units within four years and grow its student housing portfolio to position to be one of the country’s largest owners and operators of rental housing.
Greystar’s rental development pipeline is over 2,750 units with a value of £1.5bn.
Earlier this year it exchanged contracts with Royal Mail to buy two plots at Nine Elms for £101m for a rental community comprising 894 flats.
Wes Fuller, executive managing director of Greystar’s investment management business and international businesses, said: “Mark is an exceptional business leader, respected by Greystar colleagues and widely recognised within the property industry for his UK housing expertise.”
Allnut will assume his new responsibilities immediately, with Manno relocating back to Charleston over the next six months.
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