Greystar, the nation’s largest multifamily owner and manager, is undergoing a leadership transition in its U.S. property management business. Chief operating officer Andrew Livingstone, after more than 26 years with the company, will move into a senior adviser role and join the board of directors at the end of 2025, while Toni Eubanks will assume executive leadership of the U.S. property management business, effective Jan. 1, 2026.
“Toni is a strong, steady, and deeply respected leader who knows our business inside and out,” said Bob Faith, Greystar’s founder, chairman,and CEO. “From her start on-site to her current leadership role, Toni has helped shape how we operate and grow our business every day. Her commitment to our teams and residents is unmatched, and I’m excited to see her lead in this next phase.”
Eubanks joined Greystar in 2009 after beginning her career in the multifamily industry as a leasing professional. Over the years, she has led regional operations across the nation, integrated major acquisitions, and helped scale the company’s complex property management platform. For the past two years, she has co-led day-to-day operations with Mike Clow, executive director of real estate. Eubanks will report directly to Faith.
“I’m honored to step into this role and continue serving the teams and business I’ve been part of for many years,” said Eubanks. “Our success starts at the site level, and my focus will be making sure our teams have what they need to deliver for residents every day. I’m proud of the work we’ve done together and look forward to building on that strong foundation.”
Clow will report to Eubanks, continuing to drive revenue growth with a focus on Greystar’s client portfolio. In addition, he will work closely with Faith to bring his experience in growing the U.S. property management business to the company’s global platform.
Livingstone, in his new capacity as senior adviser, will focus on long-term strategic initiatives and innovation-driven projects that also support Greystar’s growth globally. Since joining the company in 1999, he had been a key architect of the property management platform. Under his leadership, he navigated the property management team during acquisitions and organic growth, which lead to the company become the largest property management business in the nation.
“Greystar has been a huge part of my life and career,” he noted. “I’m incredibly proud of what we’ve built in property management, and I know Toni is the right person to lead this next chapter. I’m looking forward to staying close to the business and helping shape what’s next for the company in my new role.”
For 2025, Greystar was No. 1 on the National Multifamily Housing Council’s top apartment managers and owners lists, with nearly 947,000 units managed and 122,545 units owned as of Jan. 1.
