Greystar Infrastructure Recapitalizes Zentro Internet, Serving 120,000 U.S. Apartment Units
Updated
Updated · Institutional Real Estate, Inc. · Jun 8
Greystar Infrastructure Recapitalizes Zentro Internet, Serving 120,000 U.S. Apartment Units
1 articles · Updated · Institutional Real Estate, Inc. · Jun 8
Summary
Greystar Infrastructure announced an equity recapitalization of Zentro Internet, the largest private U.S. ISP focused on multifamily housing.
Zentro serves residents in more than 120,000 apartment units across over 20 cities, giving Greystar exposure to a large installed base in rental housing.
StepStone Group and other global institutional capital partners joined the deal, which Greystar said will strengthen Zentro’s balance sheet.
The fresh capital is aimed at strategic growth, including organic expansion and potential M&A, as Greystar targets infrastructure businesses tied to modern residential living.