Dive Brief:
- Toni Eubanks will assume executive leadership of Greystar’s U.S. Property Management business effective Jan. 1, 2026, according to a Sept. 2 news release. She will report to CEO Bob Faith.
- After 26 years at the company, Chief Operating Officer Andrew Livingstone will step down from his current role at the end of the year and transition into a senior advisor role, while also joining the Greystar Board of Directors.
- The executive transition began two years ago, when Eubanks and Mike Clow, the executive director of real estate, began sharing day-to-day operations, according to the news release. Clow will now report to Eubanks, but his role is broadening.
Dive Insight:
Eubanks, who has worked at the Charleston, South Carolina-based owner, operator and developer for 17 years, began her career in multifamily as a leasing consultant.
“Toni is a strong, steady, and deeply respected leader who knows our business inside and out,” Faith said in the news release. “From her start on-site to her current leadership role, Toni has helped shape how we operate and grow our business every day.”
Over the years, Eubanks has led regional operations nationwide, integrated major acquisitions and helped scale a complex property management platform, according to the release. She has expanded services, strengthened operational consistency and helped position the business for long-term growth.
“Our success starts at the site level, and my focus will be making sure our teams have what they need to deliver for residents every day,” Eubanks said in the news release.
Clow will work closely with Faith to grow Greystar’s U.S. property management business, whether through organic growth or merger and acquisition activities. He will also continue to drive revenue growth for the organization with a focus on Greystar’s client portfolio.
“This is about leaning into both of their strengths,” a Greystar spokesperson told Multifamily Dive in an email. “Toni is stepping into a well-earned U.S. leadership role, and Mike continues to be a major force shaping the business here and abroad.”
Livingstone, who joined Greystar in 1999, has been an architect of Greystar’s property management platform. The firm, which is the U.S.’s largest owner and operator of apartments, manages more than 1 million units and beds globally.
In his new capacity as senior advisor, Livingstone will focus on long-term strategic initiatives and innovation-driven projects to support the firm’s global growth.
Greystar has been in the news over the summer for some high-profile settlements.
In August, the firm and its affiliated companies reached a proposed settlement with the Justice Department’s Antitrust Division to resolve antitrust claims related to Greystar’s use of RealPage’s revenue management software.
In June, Greystar Management Services agreed to pay over $1.4 million to resolve allegations that the company had imposed illegal lease termination fees on military servicemembers, according to the Department of Justice.
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