In 2024, Grosvenor Property Americas completed Ace, a 12-storey, 163-unit Class A fully-furnished rental building just one block from the University of California Berkeley.

Ace has emerged as the premier local offering, achieving a notable 56% occupancy during its first leasing cycle. This success underscores the property’s exceptional building finishes and the effectiveness of strategic leasing initiatives.

Designed in line with our 2030 World Green Building Carbon Commitment, homes at Ace are powered by electric energy, with individual electrical and water meters to promote responsible and efficient consumption. The property earned GreenPoint Rated Gold certification — California’s independent rating system for healthy, energy- efficient and resource-conscious homes.

In Bethesda, Maryland, we completed a value-added renovation at The Magnolia, a 237-unit apartment building.

Sustainability was central to our approach. We refurbished and repurposed materials to reduce waste and minimise the building’s environmental footprint, cutting costs and reinvesting the savings into other project enhancements.

Guided by extensive resident feedback, the project was delivered on time and under budget. By modernising infrastructure, enhancing aesthetics and adding tenant-focused amenities, we elevated the resident experience while boosting rental income to date by 15%.