Mia Thompson, CPA’s Post

Greystar, the largest apartment operator in the U.S., is entering the modular housing market. The company has launched its first U.S. modular project, Ltd. Findlay, a six-building apartment complex in Pennsylvania, making it one of the largest multifamily modular projects in the U.S. Modular construction involves pre-assembling units in a factory, before transporting and stacking them at a building site. The method offers advantages such as faster construction and lower waste production. Click here to read more in The Wall Street Journal: https://lnkd.in/e6VkQCYQ

It’s great to see the growth of modular construction and the success stories proving it’s not just a trend but a transformative method to reduce waste, cut costs, and address labor shortages—all while delivering high-quality homes faster. This momentum underscores the industry’s pivotal role in shaping the future of housing. Read more in the Wall Street Journal about one of the largest multifamily modular projects in the U.S., by Greystar: https://lnkd.in/gQjRGcGC

Another great example of the wins captured through strategic investments in alternative building methods. This 312 unit apartment six building complex was roughly 10% cheaper for Greystar to build relative to a traditional multifamily project delivered in nearby #Pittsburgh and was built roughly 40% faster than their traditional projects. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste. Modern Living Solutions Modular Building Institute Housing Innovation Alliance, LLC https://lnkd.in/gm6JFxJf

America’s Biggest Apartment Owner Takes a Leap Into Modular Homes: "Ltd. Findlay is the first property developed at Greystar’s modular factory in Knox, Pa ...Ltd. Findlay was built roughly 40% faster than Greystar’s traditional projects, Mest said. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste." https://lnkd.in/ed5FRdyh

The nation's largest apartment operator is betting on modular housing. On Monday, Greystar Real Estate Partners debuted a 312-unit modular apartment complex near Pittsburgh — the first of a half-dozen planned developments. Modular homes are put together in a factory and stacked on top of each other on-site, making them faster and more cost-effective than traditional builds. Proponents say modular housing could be a neat solution to America's dwindling construction workforce and rising costs. Though some obstacles remain, the annual market share of modular construction more than tripled between 2015 and 2023, per one trade group.

Greystar will open its first U.S. modular project, a six-building apartment complex in Pennsylvania, and is building six more. Modular housing development has long been a fringe part of the U.S. market, primarily limited to lower-budget or emergency housing. Now, the country’s largest apartment operator is trying to change that.

🏘️ Modular homes: the future of construction? Greystar Real Estate Partners, one of America’s largest apartment owners, is diving headfirst into modular construction, and it’s a move that could shake up the industry. 🚀 This shift promises faster project timelines and potential cost savings—all while addressing the ever-growing demand for affordable housing. As someone who’s passionate about innovation in construction and building practices, this story highlights how modular construction could redefine scalability and efficiency. It's exciting to see such a significant player embrace this approach, and it leaves me wondering: Could this be the tipping point for modular to go mainstream? Check out the article from The Wall Street Journal. https://lnkd.in/e4_UV5Xh #Construction #Innovation #ModularHousing #FutureOfBuilding

#Multifamily developers are turning to factory-built construction methods for its cost effectiveness, quality, and overall efficiency. That includes Greystar Real Estate Partners, which just finished a new six-building modular apartment complex – which will be followed by six more similar projects.    The Wall Street Journal shares why America’s largest developers see modular as a more viable alternative to traditional construction methods: https://lnkd.in/e6VkQCYQ 💡 

"Greystar built Ltd. Findlay about 40% faster than its traditional apartment complexes, Andy Mest, managing director of Greystar’s modular business, told the WSJ. The on-site construction of the modules used a third of the usual workforce and generated 90% less waste. The project was also 10% cheaper than the construction of a traditional multifamily project in Pittsburgh." It's great to see Greystar pushing forward innovation in the construction industry. Modular construction solves many problems facing developers but it still has regulatory and funding hurdles to overcome. https://lnkd.in/gDUZ4TuS

The time has come for modular apartment construction to be a solution to help solve America's housing shortage. Greystar has achieved acceptance from state and local building officials to use its alternative modular apartment construction method, which saves time and reduces costs. Elm Tree Communities #multifamily #ctapartments #connecticut #CRE #multifamilyinvesting