Greystar, known for managing over $75 billion in rental housing assets, announced a strategic move into infrastructure investment, including renewable energy, digital infrastructure, and transportation. Michael Hoverman, an infrastructure veteran, was hired to lead this expansion. The company, managing nearly 1 million apartments globally, aims to diversify beyond its residential focus. Hoverman outlined Greystar's plan to invest in areas aligned with urbanization and digitization trends, with a focus on green energy transition and transportation infrastructure. Notably, hydrogen power generation and storage are among the cutting-edge technologies of interest. Greystar plans to invest in existing properties by incorporating solar panels and EV charging points, while also considering large-scale greenfield projects. The company will collaborate with capital partners and new investors to implement its infrastructure investment strategy, focusing on companies with expertise in these areas. Overall, Greystar's move towards infrastructure investment is viewed positively as it aligns with societal needs and presents opportunities for growth and sustainability.