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The Top 14 Apartment Management Firms of 2022
When it comes to owning or investing in multifamily real estate, it is important to hire a viable and appropriate property management company. Although there are many companies in the market, the industry is dominated by a group of major players. In fact, the top 10 apartment management companies in the United States collectively operate more than 1 million residential units. In this article, we will review the top 14 multifamily property managers in the United States using data from the National Multifamily Housing Council (NMHC) 2022 Apartment Manager List.
1. Greystar Real Estate Partners
With more than 415,000 units managed, Greister Real Estate Partners is by far the largest asset management company in the United States. Unlike some property management firms, Greister also develops and invests in many properties that manage it. Currently, the company employs more than 12,000 people and has more than 30 offices worldwide. Also, the firm has $ 26 billion in assets under management. Greister CEO Robert A. in 1994. Founded by Faith and headquartered in Charleston, SC.
2. Lincoln Property Company
Lincoln Property Company currently operates more than 184,000 units, making it the second largest property management firm in the United States, like Greister, Lincoln has simply moved beyond property management and is actively involved in property development, construction and rehabilitation. The company is also headquartered in Lincoln, Dallas, Texas, and is currently the president and CEO of Tim Byrne, who is heavily involved in military housing development across the United States.
3. Pinnacle
Pinnacle ranks third for the largest asset managers in the country with 172,000 units operated. The company manages a variety of assets, including mixed-use features, commercial features, affordable development, senior property and student accommodation. It also specializes in assisting in the transformation of distressed assets and the management of HOA and condo associations. Pinnacle is headquartered in Dallas, Texas, and is headed by current President and CEO Rick L. Graf.
4. Alliance Residential
Alliance Residential is not only one of the largest property managers in the United States - it is also one of the largest developers in the country, having started developing more than 5,000 units in 2019. The firm currently manages more than $ 20 billion in assets, including about 100,000 in 20 states. The Alliance's approximately 3,500 employees specialize in a variety of services, including asset management, apartment marketing, trustee sales, REO purchases and lease-up management. The Alliance is headquartered in Phoenix, AZ and is headed by current Chairman and CEO Bruce Ward and President and COO VJ Hymenz.
5. WinnCompanies
WinnCompanies operates more than 100,000 properties in 22 states and is located in Washington, D.C. In addition to managing properties, the firm is a major multifamily developer with a specific emphasis on military housing construction and management. As the owner of multifamily real estate, the company focuses on both market-rate apartments and community for seniors, as well as property development and restoration for maximum sustainability. WinnCompanies is headquartered in Boston, Massachusetts and currently has CEO Gilbert Winn.
6. MAA
Unlike most property management firms on this list, MAA is a publicly traded REIT (Real Estate Investment Trust). MAA operates and invests in apartment communities across both the southeastern and southwestern United States. The company has been engaged in several acquisitions over the past two decades and, in December 2016, acquired Post Properties, greatly expanding MAA's units in management. MAA is headquartered in Memphis, Tennessee, and is currently headed by H. Eric Bolton, Jr., Chairman and CEO.
7. Apartment Management Consultant, LLC
Apartment Management Consultants, LLC currently operates more than 86,000 properties in 22 states. In addition to property management services, the company focuses on providing investment management and asset accounting services to clients, including partnerships, banks, insurance companies and various other institutional investors. Apartment Management Consultants, LLC is headquartered in Cottonwood Heights, Utah, and is headed by current President Brenda Barrett Wright.
8. BH Management, LLC
BH Management, LLC, is a subsidiary of BH Companies, which provides a variety of real estate management and investment services to clients in and around the United States. Other important subsidiaries include BH Construction, which focuses on renovating and upgrading multi-family communities, BH Architecture and Design, which focuses on designing new apartment communities, and BH Equities, which focuses on investors with their improved capital market experience and Helps to underwrite and acquire property through. With lenders, brokers and sellers. At the moment, the company operates more than 67,000 properties in the vicinity of US BH Management, the LLC is headquartered in Des Moines, Iowa and is currently headed by its founder and chairman Harry Bookie.
9. Equity Residential
Equity Residential, the 10th largest apartment manager in the United States, currently operates more than 78,000 units. Unlike some other management firms, Equity typically focuses on larger, more expensive markets, including New York City, Washington, DC, San Francisco, Los Angeles, Boston, Seattle, San Diego, Orange County, Denver, and Fort Lauderdale. Equity Residential is headquartered in Chicago, IL, and currently has CEO David J. Nederkat.
10. AvalonBay Communities, Inc.
Like MAA, AvalonBay Communities, Inc. Hall is a REIT (Real Estate Investment Trust), and has a separate focus on both acquisition, development, and management of apartment communities across the United States. AvalonBay also has a special focus on top market features. As property rehabilitation and redevelopment to increase profitability for investors. AvalonBay seeks to develop partnerships with retail property owners to facilitate the conversion of these assets into more profitable, mixed-use assets. AvalonBay Communities, Inc. It is headquartered in Arlington, VA and is currently headed by CEO Timothy J. Nutton 6
11. Bojuto Group
Bozzuto Group currently operates approximately 59,000 residential units across the United States. Although the company is a principal property manager, it also builds and develops multi-family properties as well as single-family homes. In addition, the Bozzuto Group's construction division has a minor focus on retail property construction, as well as providing third-party construction management services. The Bojuto Group is headquartered in Greenbelt, MD, and currently has CEO Tony Bojjuto.
12. Hunt / LEDIC Realty Company Associates
The Hunt Companies is one of the largest diversified real estate services companies in the United States. In addition to focusing on property management, Hunt's affiliates are involved in real estate lending, investment management, and global public infrastructure, including alternative energy investments. The Hunt Company is headquartered in El Paso, Texas and has more than 68,000 units under management. The firm is currently headed by Chris Hunt.
13. Edward Rose & Sons
Edward Rose & Sons currently owns and operates about 62,000 apartment units. Like many other companies on this list, the firm is a major property developer, with a focus on both multifamily, mixed-use and single-family home development. The company has expanded into the senior living sector by creating a new development called Rose Senior Living. Edward Rose & Sons is headquartered in Warren Rose, Bloomfield Hills, Michigan.
14. FPI management
FPI Management, founded in 1968, currently operates 115,000 units located in 14 states, including affordable housing, student housing, senior housing and even single-family housing. The firm's clients include builders, private investors, municipal corporations, manufacturers and organizations.
