April 17, 2018
The 2018 NMHC 50 rankings are out, and it reveals the apartment sector continued its strong economic run last year. National Multifamily Housing Council (NMHC) places Memphis, TN-based MAA as the country’s largest apartment owner, with 99,792 apartment homes owned.
NMHC’s Mark Obrinsky says, “Strong underlying demand and investment performance metrics continue to buoy the market. “While there may have been some signs of deceleration and market leaders have shifted strategies, the industry’s fundamentals remain robust.”
Charleston, SC-based Greystar Real Estate Partners remained the largest apartment manager, with 418,475 apartments under management. Greystar also remained the top apartment developer, with 5,651 apartments started in 2017.
Jacksonville-based Summit Contracting Group, Inc. took the spot as the nation’s top third-party apartment builder, starting 6,053 apartments in 2017, while Denver-based Alden Torch Financial continued as the country’s largest apartment tax credit syndicator, with 162,123 apartments syndicated.
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