Greystar Real Estate Partners will shed a 30-property multifamily portfolio for a price tag of $3.6 billion. The buyer is Ivanhoe Cambridge, according to PERE. 

Greystar's flagship US multifamily value-add fund focuses on acquiring "well-located, institutional quality apartment communities in target markets throughout the US that present significant upside potential through operational efficiency and capital improvements," the company said in a statement announcing the sale. It has raised $5 billion since its launch and includes institutional investors from North America, Continental Europe, and Asia-Pacific. 

"With a presence in 165 markets in the US and 210 markets globally, Greystar's vertically integrated platform has a breadth of expertise, and a real view on relative value and relative growth," said Bob Faith, Founder, Chairman and CEO of Greystar, in prepared remarks. "The disposition demonstrates the value of combining our strong global perspective with our specialized local knowledge to be able to deliver the best outcomes for our capital partners."