One firm set records for this year’s National Multifamily Housing Council Top 50 roundup of multifamily firms. Greystar now sits at the number one spot in the NMHC’s lists for top apartment owner, manager, and developer in 2024.
This marks the 14th year in a row that Greystar has landed as Top Manager in the NMHC list. Additionally, this is Greystar’s fourth consecutive year as both Top Owner and Top Developer.
As of this year, Greystar owns 108,566 units, manages 798,272 units, and has started development of 9,151 units.
NMHC 50 Largest Apartment Owners
Greystar took the number one spot this year, jumping up from second in 2023. MAA, which owns 100,894 units in 2024, and Morgan Properties, which owns 92,935, took second and third respectively.
Over 80% of Greystar’s owned units are market rate, 17% are student housing units, and 3% are others.
Top Apartment Owners:
- Greystar (108,566 units) rose to first
- MAA (100,894 units) dropped to second
- Morgan Properties (92,935 units) stayed in third
- Nuveen (84,697 units) rose to fourth, from seventh
- AvalonBay Communities (82,565 units) dropped to fifth, from fourth
- Equity Residential (80,191 units) dropped to sixth, from fifth
- The Michaels Organization (77,683 units) rose to seventh, from 13th
- Cortland (74,831 units) dropped to eighth, from sixth
- Monarch Investment (73,026 units) dropped to ninth, from eighth
- The Related Companies, LP (72,423 units) dropped to 10th, from ninth
NMHC 50 Largest Apartment Managers
Greystar stayed in the number one spot this year, marking its 14th year in a row to do so. Asset Living, which manages 291,322 units, jumped from third to second place in 2024. RPM Living manages 226,169 units, rising three spots from sixth to third this year.
Nearly all (92%) of housing units managed by Greystar are market rate, while just under 5% are student housing and 3% are others.
Top Apartment Managers:
- Greystar (798,272) stayed in first
- Asset Living (291,322) rose to second, from third
- RPM Living (226,169 units) rose to third, from sixth
- Willow Bridge Property Company (201,472 units) dropped to fourth, from second
- Curshman & Wakefield (182,214 units) dropped to fifth, from fourth
- FPI Management, Inc. (167,767 units) dropped to sixth, from fifth
- Apartment Management Consultants, LLC (145,697 units) stayed in seventh
- Avenue5 Residential, LLC (121,932) rose to eighth, from 10th
- BH (113,993 units) dropped to ninth, from eighth
- WinnCompanies (109,037 units) dropped to 10th, from ninth
NMHC 25 Largest Developers
Greystar rose from second to first place in 2024 for largest developers. Mill Creek Residential started just over 8,000 units in 2023, rising from third place from second this year. Trammell Crow Residential started 5,823 units last year and has gone from fifth place to third in this year’s ranking.
Top Apartment Developers:
- Greystar (9,151 units) rose to first, from second
- Mill Creek Residential (8,022 units) rose to second, from third
- Trammell Crow Residential (5,823 units) rose to third, from fifth
- Wood Partners (5,137 units) stayed in fourth
- Hillpointe, LLC (4,861 units) rose to fifth, from 13th
- Alliance Residential (4,628 units) dropped to sixth, from first
- The Michaels Organization (4,292 units) took seventh
- Core Spaces (4,030 units) took eighth
- Hines (3,670 units) rose to ninth, from 17th
- D.R. Horton Inc. (3,433 units) stayed in 10th
Related Stories
Giants 400 | Dec 20, 2023
Top 100 Apartment and Condominium Construction Firms for 2023
Clark Group, Suffolk Construction, Summit Contracting Group, and McShane Companies top BD+C's ranking of the nation's largest apartment building and condominium general contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 20, 2023
Top 70 Apartment and Condominium Engineering Firms for 2023
Kimley-Horn, WSP, Tetra Tech, and Thornton Tomasetti head BD+C's ranking of the nation's largest apartment building and condominium engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 20, 2023
Top 160 Apartment and Condominium Architecture Firms for 2023
Gensler, Humphreys and Partners, Solomon Cordwell Buenz, and AO top BD+C's ranking of the nation's largest apartment building and condominium architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 20, 2023
Top 40 Student Housing Construction Firms for 2023
Findorff, Juneau Construction, JE Dunn Construction, and Weitz Company top BD+C's ranking of the nation's largest student housing facility general contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 20, 2023
Top 30 Student Housing Engineering Firms for 2023
Kimley-Horn, Wiss, Janney, Elstner Associates, KPFF Consulting Engineers, and Olsson head BD+C's ranking of the nation's largest student housing facility engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
Giants 400 | Dec 20, 2023
Top 90 Student Housing Architecture Firms for 2023
Niles Bolton Associates, Solomon Cordwell Buenz, BKV Group, and Humphreys and Partners Architects top BD+C's ranking of the nation's largest student housing facility architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
MFPRO+ News | Dec 18, 2023
Berkeley, Calif., raises building height limits in downtown area
Facing a severe housing shortage, the City of Berkeley, Calif., increased the height limits on residential buildings to 12 stories in the area close to the University of California campus.
Condominiums | Dec 12, 2023
5 condominium trends for 2024
While the condo market faces challenges heading into 2024, it continues to adapt to changing buyer preferences and focus on offering luxury experiences.
Codes and Standards | Dec 11, 2023
Washington state tries new approach to phase out fossil fuels in new construction
After pausing a heat pump mandate earlier this year after a federal court overturned Berkeley, Calif.’s ban on gas appliances in new buildings, Washington state enacted a new code provision that seems poised to achieve the same goal.
MFPRO+ News | Dec 11, 2023
U.S. poorly prepared to house growing number of older adults
The U.S. is ill-prepared to provide adequate housing for the growing ranks of older people, according to a report from Harvard University’s Joint Center for Housing Studies. Over the next decade, the U.S. population older than 75 will increase by 45%, growing from 17 million to nearly 25 million, with many expected to struggle financially.