Garrett Derderian’s Post

Affordability in creating housing options:

Greystar's Ltd. brand is bringing modular apartment homes to cities across the US faster, cheaper and with 90% less waste. Ltd. Findlay, a six-building modular community, opened this week in PA complete with a gym, amphitheater and bocce courts.

Another great example of the wins captured through strategic investments in alternative building methods. This 312 unit apartment six building complex was roughly 10% cheaper for Greystar to build relative to a traditional multifamily project delivered in nearby #Pittsburgh and was built roughly 40% faster than their traditional projects. The on-site construction required one-third of the company’s standard workforce and generated 90% less waste. Modern Living Solutions Modular Building Institute Housing Innovation Alliance, LLC https://lnkd.in/gm6JFxJf

Modular apartments with a European twist? Greystar’s Modern Living Solutions is transforming U.S. construction by adopting Nordic-style modular methods—reducing build times by 40% and insurance costs by 25%. With factory-prepped modules and streamlined assembly, projects like Ltd. Findlay are completed 10 months faster than traditional builds. Greystar’s modular approach promises efficient and scalable workforce housing. #ModularInnovation #Greystar #NextGenHousing

Interesting article in the WSJ today regarding Greystar and their modular multi-family projects. The market is projected to grow to $66.5 billion by 2030, fueled by the increasing need for affordable housing. Lower op-ex and efficient project timelines make it quite attractive for future multi-family housing.

🏘️ Modular homes: the future of construction? Greystar Real Estate Partners, one of America’s largest apartment owners, is diving headfirst into modular construction, and it’s a move that could shake up the industry. 🚀 This shift promises faster project timelines and potential cost savings—all while addressing the ever-growing demand for affordable housing. As someone who’s passionate about innovation in construction and building practices, this story highlights how modular construction could redefine scalability and efficiency. It's exciting to see such a significant player embrace this approach, and it leaves me wondering: Could this be the tipping point for modular to go mainstream? Check out the article from The Wall Street Journal. https://lnkd.in/e4_UV5Xh #Construction #Innovation #ModularHousing #FutureOfBuilding

🏡Haaven raises €1.1m to streamline the homebuilding industry and increase the provision of sustainable homes, focusing on the Italian and Dutch markets with the funding. Founded by Dédé Kruisman, Sacha Bloem, and Thomas Leeson in 2023, Haaven connects architects, engineers, and prefab builders to help customers bring their homes to life by guiding them throughout the process. This integrated approach lets customers plan and realise their construction projects all in one digital place. Backers in the round included Speedinvest, with Jeroen Arts, Partner, commenting "We are thrilled to support Haaven in its mission to address the critical housing shortage in Europe, where the market is in dire need of new and more sustainable homes." Read more about Haaven's exciting approach to construction and how they intend to utilise the funds to innovate homebuilding and sustainable construction across Europe, via the article linked in the comments below. 👇 #RealEstate #homebuilding #sustainability ---- 💡 Follow PropTech Connect for daily Real Estate and PropTech news and insights.

Modular done at scale offers an opportunity to really benefit from the efficiencies of offsite manufacturing by ‘keeping the plant running’. Good article and great to see the continued adoption of modular approaches.

Greystar's Andy Mest is at the forefront of a construction revolution. By championing modular, factory-built methods, Andy is reshaping the way multifamily housing is developed, as reported by Patrick Sisson of Bisnow. The recently completed Ltd. Findlay project in Pittsburgh highlights the promise of modular construction: 40% faster build time, 90% less waste, and 10% cost savings. These efficiencies aren't just numbers—they're a blueprint for tackling housing affordability, reducing environmental impact, and meeting rising demand. With six more projects in the pipeline, Greystar is proving that modular can go mainstream. As Andy puts it, "There are no problems in life, just solutions you haven’t found yet." We’re proud to lead this innovation, driving progress in multifamily housing. #ModularConstruction #Greystar #Innovation #RealEstateDevelopment

Modular housing development — building homes in off-site factories — has long been a fringe part of the U.S. market. Now, America's biggest apartment owner is trying to change that. Greystar is opening a six-building modular apartment complex, its first U.S. project assembled using this alternative construction method. “We’ve seen modular as a choice. I think we’re past beyond that,” McKinsey senior partner Jose Luis Blanco tells me. “It’s just a pure necessity.” I'm back on the housing beat at WSJ. Read my first story here: https://lnkd.in/ez3jrjnA