Greystar Selects Leonardo247 to Support U.S. Multifamily Portfolio

REDONDO BEACH, Calif.--(BUSINESS WIRE)--Leonardo247 is pleased to announce that Greystar, a global leader in the
investment, development and management of rental housing, will rollout
Leonardo247’s automated performance management solution across its
entire U.S. portfolio of multifamily properties.


With its innovative cloud-based approach to monitoring the ever-changing
landscape of industry compliance requirements, Leonardo247 will provide
Greystar properties with up-to-date regulatory information. The
customizable platform is designed to streamline performance management,
automate best practices and audit progress towards meeting operational
requirements.

“We are always looking for innovative solutions that can be customized
to our business and that support the daily operations of our team
members and clients,” said Andrew Livingstone, Executive Managing
Director of Greystar. “We believe utilizing the technology provided by
Leonardo247 will allow us to share new regulatory information in
real-time helping to mitigate risk and reduce unbudgeted expenses.”

Leonardo247 enables its clients to measure compliance with industry
standards for city, county or state municipal codes, as well their own
company standards which offer a variety of benefits including:

  • Reducing equipment failures with consistent preventative maintenance
  • Mitigating insurance losses by up to 40% percent
  • Maintaining focus on critical day-to-day responsibilities
  • Lowering the cost of operations by automating workflow processes

“Maintaining consistency and sharing information across a large real
estate portfolio is important and Greystar is committed to delivering a
high level of service and results for their investors, clients and
residents,” said Daniel Cunningham, founder and President of
Leonardo247. “Greystar is an industry leader and we are pleased to be
selected to help them achieve this goal.”

About Greystar

Greystar is a leading, fully integrated multifamily real estate company
offering expertise in investment management, development and property
management of rental housing properties globally. Headquartered in
Charleston, South Carolina with offices throughout the United States,
Europe, Latin America and Asia-Pacific, Greystar is the largest operator
of apartments in the United States, managing over 415,000 units in over
140 markets globally, with an aggregate estimated value of approximately
$80 billion. Greystar also has a robust institutional investment
management platform dedicated to managing capital on behalf of a global
network of institutional investors with nearly $21 billion in gross
assets under management including more than $8 billion of developments
that have been completed or are underway. Greystar was founded by Bob
Faith in 1993 with the intent to become a provider of world class
service in the rental housing real estate business. To learn more about
Greystar, visit www.greystar.com.

About Leonardo247

Leonardo247’s on-site performance management software is the first of
its kind to deliver daily guidance and accountability for multi-family
community operations. The fully-customizable software creates action
items from a database of industry best practices and monitors compliance
requirements of municipal codes from every major city across the US.
Leonardo247 also automates and streamlines the existing policies and
procedures for property managers and owners so that operators simply
access one simple interface that provides everything they need to know.
Plus, robust reporting offers real-time visibility into everything
happening, or not happening, at any individual community. For more
information visit http://www.leonardo247.com.


Contacts

For Leonardo247
Ashley Ray
(310) 824-9000
aray@olmsteadwilliams.com