Greystar Opens Modular Apartment Manufacturing Facility
Greystar Real Estate Partners, LLC is celebrating the opening of its flagship manufacturing facility to focus on modular construction. A ribbon-cutting ceremony took place earlier this month in western Pennsylvania, home to Modern Living Solutions (MLS).
The MLS subsidiary plans to deliver modular apartments to help fight the undersupply of housing.
“Greystar recognizes the significant undersupply of housing options across the U.S. today and we believe what we're doing with MLS will begin to address this challenge,” said Bob Faith, Founder, Chairman and CEO of Greystar, in a release. “We are harnessing the innovative power of the private sector to deliver a rental product that is less expensive, more attainable, and sustainably produced to meet a need we are seeing in the market.”