The new partnership adds nearly 11,000 units to Greystar's management portfolio.

Greystar continues to expand its management portfolio following a new partnership with Denver-based Grand Peaks. The news adds nearly 11,000 units to Greystar's portfolio across seven states. The markets include Miami, Denver, Dallas-Fort Worth, Portland, Ore., Charlotte, N.C., Phoenix and Seattle.

"Grand Peaks’ high-quality portfolio, long-standing industry reputation, and strong culture make them a natural fit for our organization," said Richard Friedman, Senior Managing Director of Client Services & Strategic Partnerships with Greystar, in a release.

Grand Peaks' portfolio consists of more than 11,000 units across 10 states, and the firm was founded by brothers Luke and Nick Simpson in 2003.

"Partnering with Greystar positions our portfolio and residents to benefit from industry-leading practices while building on our legacy of community and service," said Luke Simpson, Grand Peaks co-CEO, in the release.