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When you’re one of the biggest names in rental housing worldwide, with more than $75B of assets under management, where do you go next? 

For Greystar, the answer isn’t just moving into other real estate asset classes. In August, the company announced it is setting up an infrastructure division and would be buying and building assets in sectors like renewable energy, digital infrastructure and transportation. 

As part of the move, Greystar hired infrastructure veteran Michael Hoverman as executive director of infrastructure. Hoverman spent seven years at Macquarie and more recently, 10 years at CIM, where he also led the diversification of what was once a pure real estate firm into the world of infrastructure.