Whirlpool Corporation and Greystar Sign National Appliance Agreement

News provided by

Jun 24, 2011, 08:36 ET

BENTON HARBOR, Mich., June 24, 2011 /PRNewswire/ -- Whirlpool Corporation and Greystar Real Estate Partners announced today a new joint national appliance program that will allow the United States' largest multifamily property management company to provide stylish, quality appliances to its facilities at affordable prices. The agreement includes a preferred vendor program that will recommend Whirlpool and Amana brands for new construction, rehabilitation and appliance replacement at all Greystar communities.

"This agreement will allow us to provide the greatest return on investment for our clients by leveraging the strength of Whirlpool Corporation's brands and services," said DeeAnne Clowes, senior director of national procurement at Greystar. "Our community owners will be able to easily select from a variety of ENERGY STAR® qualified kitchen and laundry appliances and have them delivered to the right place at the right time, which is crucial to a smooth-operating portfolio and meeting Greystar's sustainability objectives for energy management."

Whirlpool Corporation worked with Greystar's new web-based expense management program, OpsTechnology™ Spend Management Systems to ensure Greystar's processes remained efficient.

"Whirlpool Corporation's continued efforts with this system further showed us their commitment to our business and the multifamily industry. Working with OpsTechnology will allow us to achieve seamless procurement and invoice processing," Clowes said.

"It is crucial for operations to run as efficiently and smoothly as possible when you're the largest multifamily management company," said Tom Halford, general manager, contract sales and marketing at Whirlpool Corporation. "We're proud to be a valuable component of Greystar's continued success."

For the third year in a row, Greystar has had the biggest portfolio growth among the nation's 50 largest apartment managers. According to the National Multi Housing Council®, Greystar increased the number of apartments under its management by more than 33,500 in 2010, moving them to number one.

About Greystar

Greystar Real Estate Partners is a fully integrated company offering expertise in multifamily management, development and investment throughout the United States.

The company was founded in 1993 with the intent to become a provider of world-class service in the multifamily real estate business. Greystar's innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. Because the Greystar business model includes both investment- and service-oriented businesses, the company is able to maintain a constant presence in local markets and create value in all phases of the real estate cycle.

Headquartered in Charleston, S.C., Greystar manages 185,000 units in 100+ markets with a team that is more than 5,000 strong and growing. Greystar has invested approximately $3 billion in multifamily investments since its inception. For more information, visit Greystar.com.

About Whirlpool Corporation

Celebrating its 100th anniversary in 2011, Whirlpool Corporation's influence on home and family life has shaped trends in the kitchen, laundry area and beyond. The company strives to exceed expectations with appliances that help building professionals create homes of distinction. Whirlpool Corporation's The Inside Advantage™ Program offers Powerful Brands, Innovative Products, Targeted Services and Market Insight to support building professionals.

Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of more than $18 billion in 2010, 71,000 employees, and 66 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world.

For more information on Whirlpool Corporation and its offerings for building professionals, please visit insideadvantage.com or call 1-800-952-2537.

SOURCE Whirlpool Corporation