Greystar Real Estate Partners LLC
02/02/2026 | Press release | Distributed by Public on 02/02/2026 13:52
Greystar and PGIM Announce Marlowe Natomas Multifamily Development in Sacramento
Sacramento, CA - February 2, 2026 - Greystar, a global leader in investment management, development, and property management, in partnership with PGIM's real estate business, today announced the development of Marlowe Natomas, a new multifamily community planned for the Natomas submarket of Sacramento, California. The 378-unit community will deliver thoughtfully designed housing in one of the region's fastest growing and most supply constrained areas.
Located at 3580 North Freeway Boulevard, Marlowe Natomas will be situated on a 12.92-acre site with direct access to Interstate 5 and Highway 80. The community is a short drive from downtown Sacramento and Sacramento International Airport and near a wide range of retail, employment, and public amenities. The community will feature three story garden style buildings with a mix of one-, two-, and three-bedroom homes designed to meet the needs of working professionals and families drawn to the Natomas area.
Marlowe Natomas will offer an extensive amenity program anchored by a centrally located clubhouse. Planned amenities include a resident lounge, private work pods, conference room, large fitness center with an outdoor fitness patio, golf simulator, pet wash, and covered outdoor seating areas. The outdoor experience will feature a resort style pool with covered grilling stations, a shaded yoga lawn, pickleball court, fire pit, pet run, communal gathering spaces, and rentable electric bikes.
"We are excited to partner with PGIM on Marlowe Natomas and continue expanding our presence in the Sacramento region," said Gabriel Gardner, Senior Director of Development at Greystar. "Natomas benefits from strong employment fundamentals, continued infrastructure investment, and rich retail amenities adjacent to the site. This community reflects our focus on delivering well located housing that responds to how people want to live today and over the long term."
Natomas has emerged as one of the most desirable submarkets in the Sacramento metropolitan area, offering proximity to downtown Sacramento, Sacramento International Airport, and major employment centers while maintaining a strong neighborhood feel. Ongoing investment in transportation, healthcare, and education continues to support sustained housing demand across the area.
"Marlowe Natomas represents the type of investment opportunity we seek. We believe that it is well-located, high-quality rental housing in a supply-constrained market supported by durable demand drivers," said Soultana Reigle, Head of US Equity for PGIM's real estate business. "Partnering with Greystar allows us to leverage their deep development expertise and local market knowledge as we invest alongside a trusted partner to deliver housing that meets the evolving needs of the Sacramento region."
Marlowe Natomas further strengthens the long-standing relationship between Greystar and PGIM and underscores both firms' commitment to delivering high quality rental housing in markets supported by durable demand and long-term growth fundamentals.
Preleasing is expected to begin in October 2026, with delivery of the first residences anticipated in January 2027.
About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in over 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including approximately $36 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
About PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing more than $1.44 trillion in assets, PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions - including fixed income, equities, real estate and other retail investment vehicles. With 1,450+ investment professionals across 42 offices in 19 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.
PGIM's real estate business is the world's third-largest real estate investment manager, with $213 billion in gross assets under management and administration, and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
Media Contact
Garrett Derderian
[email protected]
Caroline Bligh
[email protected]
Located at 3580 North Freeway Boulevard, Marlowe Natomas will be situated on a 12.92-acre site with direct access to Interstate 5 and Highway 80. The community is a short drive from downtown Sacramento and Sacramento International Airport and near a wide range of retail, employment, and public amenities. The community will feature three story garden style buildings with a mix of one-, two-, and three-bedroom homes designed to meet the needs of working professionals and families drawn to the Natomas area.
Marlowe Natomas will offer an extensive amenity program anchored by a centrally located clubhouse. Planned amenities include a resident lounge, private work pods, conference room, large fitness center with an outdoor fitness patio, golf simulator, pet wash, and covered outdoor seating areas. The outdoor experience will feature a resort style pool with covered grilling stations, a shaded yoga lawn, pickleball court, fire pit, pet run, communal gathering spaces, and rentable electric bikes.
"We are excited to partner with PGIM on Marlowe Natomas and continue expanding our presence in the Sacramento region," said Gabriel Gardner, Senior Director of Development at Greystar. "Natomas benefits from strong employment fundamentals, continued infrastructure investment, and rich retail amenities adjacent to the site. This community reflects our focus on delivering well located housing that responds to how people want to live today and over the long term."
Natomas has emerged as one of the most desirable submarkets in the Sacramento metropolitan area, offering proximity to downtown Sacramento, Sacramento International Airport, and major employment centers while maintaining a strong neighborhood feel. Ongoing investment in transportation, healthcare, and education continues to support sustained housing demand across the area.
"Marlowe Natomas represents the type of investment opportunity we seek. We believe that it is well-located, high-quality rental housing in a supply-constrained market supported by durable demand drivers," said Soultana Reigle, Head of US Equity for PGIM's real estate business. "Partnering with Greystar allows us to leverage their deep development expertise and local market knowledge as we invest alongside a trusted partner to deliver housing that meets the evolving needs of the Sacramento region."
Marlowe Natomas further strengthens the long-standing relationship between Greystar and PGIM and underscores both firms' commitment to delivering high quality rental housing in markets supported by durable demand and long-term growth fundamentals.
Preleasing is expected to begin in October 2026, with delivery of the first residences anticipated in January 2027.
About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in over 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including approximately $36 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
About PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing more than $1.44 trillion in assets, PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions - including fixed income, equities, real estate and other retail investment vehicles. With 1,450+ investment professionals across 42 offices in 19 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.
PGIM's real estate business is the world's third-largest real estate investment manager, with $213 billion in gross assets under management and administration, and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
Media Contact
Garrett Derderian
[email protected]
Caroline Bligh
[email protected]
1As of June 30, 2025.
2As of June 30, 2025. Net AUM is $138 billion and AUA is $47 billion. PGIM Real Estate is the third-largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments' "Largest Real Estate Investment Managers" list published October 2024. This ranking represents AUM as of June 30, 2024. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.
Greystar Real Estate Partners LLC published this content on February 02, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 02, 2026 at 19:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]