Jan 7 (Reuters) -
* CPP INVESTMENTS AND GREYSTAR REAL ESTATE PARTNERS FORM U.S. MULTIFAMILY DEVELOPMENT JOINT VENTURE
* CPP INVESTMENTS - HAS ALLOCATED US$350 MILLION IN EQUITY TO JOINT VENTURE FOR A 90% STAKE, AND GREYSTAR HAS ALLOCATED US$39 MILLION FOR REMAINING 10%.
* CPP INVESTMENTS - GREYSTAR WILL MANAGE AND OPERATE PORTFOLIO ON BEHALF OF JOINT VENTURE