Greyhill Group acquired Westminster Place Apartments, a 337-unit multifamily community at 4005 Westminster Place in St. Louis, Missouri, for $38.2 million.
Built during the 1980s–1990s and currently 96% occupied, Westminster Place Apartments is a well-maintained, institutional-scale asset located in a strong St. Louis submarket. The acquisition aligns with Greyhill’s strategy of acquiring durable multifamily properties in stable, growing secondary markets at higher-than-average yields.
The transaction expands Greyhill Group’s geographic footprint into its ninth state and reflects the firm’s continued deployment of capital into assets supporting long-term ownership and consistent operating performance.
Greyhill plans to implement targeted upgrades and operational improvements while maintaining the property’s long-term quality. The firm intends to hold the asset over the long term, prioritizing stable cash flow and durable performance.
