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Bob Faith
Born
Robert Alan Faith

1963 or 1964 (age 60–61)[1]
EducationUniversity of Oklahoma (BS)
Harvard University (MBA)
TitleFounder, Chairman and CEO of Greystar Real Estate Partners
Children3

Robert Alan Faith (born 1963/1964) is an American businessman, and the founder, chairman and chief executive officer (CEO) of Greystar Real Estate Partners.[2]

Early life

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Faith grew up in Oklahoma, and earned a bachelor's degree in Petroleum Engineering from the University of Oklahoma,[3] intending to pursue a career in the oil industry as his father had. When a recession made petroleum engineer jobs less available upon graduation, Faith opted instead to get an MBA from Harvard University,[4] graduating in 1986.[5]

Career

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Faith started his career at the Trammell Crow Company, a real estate development firm[3] where he eventually became a partner.[6] In 1991, he co-founded Starwood Capital Group with Barry Sternlicht,[4] a classmate from Harvard. The company focused on acquiring foreclosed multifamily properties in the aftermath of the savings and loan crisis.[1]

In 1993, Faith founded Greystar in Houston, Texas.[7] In 1996, he co-founded Homegate Hospitality, a developer of extended-stay hotels, with John Kratzer, a former colleague from Trammell Crow. The company was acquired the next year.[8] Faith moved both his residence and Greystar’s headquarters to Charleston, South Carolina, in 1998.[4] Under Faith's leadership, Greystar acquired Education Realty Trust in 2018 for $4.6 billion,[9] making the company the second largest student housing provider in the United States.[10]

While CEO of Greystar, Faith served as Secretary of Commerce for the State of South Carolina from 2002 to 2006.[11] During his tenure, Faith reorganized the department's 19-division structure into four departments.[12]

In 2016, 2017, 2018 and 2019, Glassdoor's "Employees' Choice" list included Faith as one of the "Highest Rated CEOs".[13][14][15][16] As of 2005, Faith is a member of the Urban Land Institute and the National Multifamily Housing Council.[12] In 2020, Faith served on an economic revival panel convened by President Donald Trump during the COVID-19 pandemic.[17] The Commercial Observer ranked Faith in the #32 slot of its 2020 Power 100 list of commercial real estate executives.[18]

Personal life

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Faith resides in Charleston, South Carolina, with his family.[1] He is married to interior designer Muffie Faith, and they have three children.[19]

References

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  1. ^ a b c "Greystar's Bob Faith on His Global Multifamily Empire". commercialobserver.com. 6 June 2018. Retrieved 18 October 2018.
  2. ^ "Company Overview of Greystar Real Estate Partners, LLC". Bloomberg LP. Retrieved 18 October 2018.
  3. ^ a b "Robert Faith of Greystar Gives Keynote at Cornell Real Estate Conference". cornell.edu. 27 October 2015. Retrieved 18 October 2018.
  4. ^ a b c Rosta, Paul (18 October 2012). "Bob Faith's Mission to Buy, Build, Manage Drives Greystar". Commercial Property Executive. Retrieved 7 March 2020.
  5. ^ "My Story: Bob Faith". Bisnow. 13 March 2013. Retrieved 7 March 2020.
  6. ^ Broffman, Wendy (1 August 2014). "Game changer". Yield Pro. Retrieved 8 March 2020.
  7. ^ Mearns, Derek (11 September 2012). "5 Most Powerful in Multifamily". Multifamily Executive. Retrieved 7 March 2020.
  8. ^ Ballon, Marc (1 November 1997). "Hotel Chain Bags Wealthy Acquirer". Inc. Retrieved 8 March 2020.
  9. ^ Banister, Jon (20 November 2018). "Greystar CEO Bob Faith On $4.6B EdR Acquisition And His Outlook For Multifamily". Bisnow. Retrieved 20 March 2021.
  10. ^ September 21, John Jordan (21 September 2018). "Greystar Completes $4.6B Purchase of EdR". GlobeSt. Retrieved 20 March 2021.{{cite news}}: CS1 maint: numeric names: authors list (link)
  11. ^ "A history of Faith". Multihousing Pro Magazine. Retrieved 2018-10-22.
  12. ^ a b "Bob Faith". Trade & Industry Development. 30 June 2005. Retrieved 8 March 2020.
  13. ^ "Highest Rated CEOs 2016 Employees' Choice". Glassdoor. 2016.
  14. ^ "Highest Rated CEOs 2017 Employees' Choice". Glassdoor. 2017.
  15. ^ "Top CEOs 2018 Employees' Choice". Glassdoor. 2018.
  16. ^ "Top CEOs 2019 Employees' Choice". Glassdoor. 2019.
  17. ^ "Charleston CEO part of Trump's economic revival group". Post and Courier. Charleston. April 27, 2020. Retrieved April 27, 2020.
  18. ^ Acitelli, Tom (27 July 2020). "Bob Faith". Commercial Observer. Retrieved 21 March 2021.
  19. ^ Hunt, Stephanie (June 2008). "Old Village: Interior Designer Muffie Faith's Historic Manse". Charleston Magazine. Retrieved 20 March 2021.
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