The US residential investor has reportedly entered exclusive negotiations with housing association Metropolitan Thames Valley, the parent of Fizzy Living, to buy the purpose-built rental operator.
Greystar is also reportedly in talks to buy Metropolitan Thames Valley’s minority stake in Fizzy Living’s real estate portfolio of nearly 1,000 homes across London, which is separate from the operational business. The Abu Dhabi Investment Authority owns the rest of the properties.
Fizzy Living has developments in Canning Town, Hayes, Walthamstow, Lewisham, Stepney Green, Poplar and Epsom.
Thames Valley Housing - which merged with Metropolitan in 2018 - previously entered talks to sell its Fizzy management company and its minority stake in the company’s apartment portfolio to British Land, but the deal collapsed the following year.