Bob Faith

Robert Alan Faith (born 1963/1964) is an American businessman, and the founder, chairman and chief executive officer (CEO) of Greystar Real Estate Partners.[2]

Bob Faith
Born
Robert Alan Faith

1963/1964 (age 57–58)[1]
EducationUniversity of Oklahoma (BS)
Harvard University (MBA)
TitleFounder, Chairman and CEO of Greystar Real Estate Partners
Children3

Early life

Faith grew up in Oklahoma, and earned a bachelor's degree in Petroleum Engineering from the University of Oklahoma,[3] intending to pursue a career in the oil industry as his father had. When a recession made petroleum engineer jobs less available upon graduation, Faith opted instead to get an MBA from Harvard University,[4] graduating in 1986.[5]

Career

Faith started his career at the Trammell Crow Company, a real estate development firm[3] where he eventually became a partner.[6] In 1991, he co-founded Starwood Capital Group with Barry Sternlicht,[4] a classmate from Harvard. The company focused on acquiring foreclosed multifamily properties in the aftermath of the savings and loan crisis.[1]

In 1993, Faith founded Greystar in Houston, Texas.[7][1] While CEO of Greystar, Faith served as Secretary of Commerce for the State of South Carolina from 2002 to 2006.[8] During his tenure, Faith reorganized the department's 19-division structure into four departments.[9] In 1996, he co-founded Homegate Hospitality, a developer of extended-stay hotels, with John Kratzer, a former colleague from Trammell Crow. The company was acquired the next year.[10] Faith moved both his residence and Greystar’s headquarters to Charleston, South Carolina, in 1998.[4] Under Faith's leadership, Greystar acquired Education Realty Trust in 2018 for $4.6 billion,[11] making the company the second largest student housing provider in the United States.[12]

As of 2005, Faith is a member of the Urban Land Institute and the National Multifamily Housing Council.[9] In 2020, Faith served on an economic revival panel convened by President Donald Trump during the COVID-19 pandemic.[13]

Personal life

Faith resides in Charleston, South Carolina, with his family.[1] He is married to interior designer Muffie Faith, and they have three children.[14]

References
  1. "Greystar's Bob Faith on His Global Multifamily Empire". commercialobserver.com. 6 June 2018. Retrieved 18 October 2018.
  2. "Company Overview of Greystar Real Estate Partners, LLC". Bloomberg LP. Retrieved 18 October 2018.
  3. "Robert Faith of Greystar Gives Keynote at Cornell Real Estate Conference". cornell.edu. 27 October 2015. Retrieved 18 October 2018.
  4. Rosta, Paul (18 October 2012). "Bob Faith's Mission to Buy, Build, Manage Drives Greystar". Commercial Property Executive. Retrieved 7 March 2020.
  5. "My Story: Bob Faith". Bisnow. 13 March 2013. Retrieved 7 March 2020.
  6. Broffman, Wendy (1 August 2014). "Game changer". Yield Pro. Retrieved 8 March 2020.
  7. "5 Most Powerful in Multifamily". www.multifamilyexecutive.com. Archived from the original on 2014-11-10. Retrieved 2020-04-18.
  8. "A history of Faith". Multihousing Pro Magazine. Retrieved 2018-10-22.
  9. "Bob Faith". Trade & Industry Development. 30 June 2005. Retrieved 8 March 2020.
  10. Ballon, Marc (1 November 1997). "Hotel Chain Bags Wealthy Acquirer". Inc. Retrieved 8 March 2020.
  11. Banister, Jon (20 November 2018). "Greystar CEO Bob Faith On $4.6B EdR Acquisition And His Outlook For Multifamily". Bisnow. Retrieved 20 March 2021.
  12. September 21, John Jordan (21 September 2018). "Greystar Completes $4.6B Purchase of EdR". GlobeSt. Retrieved 20 March 2021.
  13. "Charleston CEO part of Trump's economic revival group". Post and Courier. Charleston. April 27, 2020. Retrieved April 27, 2020.
  14. Hunt, Stephanie (June 2008). "Old Village: Interior Designer Muffie Faith's Historic Manse". Charleston Magazine. Retrieved 20 March 2021.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.