April 12, 2019
The latest National Multifamily Housing Council research reveals the multifamily industry remained strong last year, as national supply is beginning to roughly equal demand. The 2019 NMHC 50 survey ranks the nation’s largest apartment owners, managers, developers, builders and syndicators.
Memphis, TN-based MAA remained the country’s largest apartment owner, breaking the 100,000-unit mark, with 100,864 apartment homes owned. Charleston, SC-based Greystar Real Estate Partners also retained its place as the largest apartment manager, with 451,180 apartments under management.
On the development front, Phoenix-based Alliance Residential rose three spots to become the top developer this year with 6,935 apartments started in 2018 — that’s over 1,000 more units started than the next developer on the list.
NMHC’s Caitlin Walter says, “Industry performance in 2018 was quite similar to that of the prior year—and the newest NMHC 50 rankings reflect that. For years, the increase in demand for apartments outstripped the growth in supply. The recent pickup in the annual pace of apartment production has brought new supply roughly in line with demand, at least nationally.”
NMCH Top 50 Lists
Largest Apartment Owners List
2. Equity Residential
3. AvalonBay Communities, Inc.
4. Starwood Capital Group
5. Related Companies
6. Edward Rose Building Enterprise
7. Greystar Real Estate Partners
8. The Irvine Company
9. Hunt Companies
10.Essex Property Trust, Inc.
Largest Apartment Managers List
1. Greystar Real Estate Partners
2. Lincoln Property Company
4. Alliance Residential
5. FPI Management, Inc.
8. BH Management, LLC
9. Apartment Management Consultants, LLC
Largest Apartment Developers List
1. Alliance Residential
2. Wood Partners
3. Greystar Real Estate Partners
4. Mill Creek Residential
5. Lincoln Property Company
6. LMC, a Lennar Company
7. Trammell Crow Residential
9. The NRP Group
10.The Bainbridge Companies
*Pictured MMA’s Cityscape at Market Center in Plano, TX
For comments, questions or concerns, please contact Dennis Kaiser