Bob Faith

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Bob Faith
Bob Faith.jpg
Born
Robert Alan Faith

1963/1964 (age 56–57)[1]
EducationUniversity of Oklahoma (BS)
Harvard University (MBA)
TitleFounder, Chairman and CEO of Greystar Real Estate Partners
Children3

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]

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. ^ Jump up to: a b c d "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. ^ Jump up to: a b "Robert Faith of Greystar Gives Keynote at Cornell Real Estate Conference". cornell.edu. 27 October 2015. Retrieved 18 October 2018.
  4. ^ Jump up to: a b c 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. Retrieved 2020-04-18.
  8. ^ "A history of Faith". Multihousing Pro Magazine. Retrieved 2018-10-22.
  9. ^ Jump up to: a b "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.


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