2017 Owner List

2017 Rankings

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Order list by:

Owner Rank 2017	Owner Rank 2016	Company Name	Units Owned 2017	Units Owned 2016	Corporate Officer	HQ City	HQ State
1	9	MAA	99393	79496	H. Eric Bolton, Jr.	Memphis	TN
Historical Data Regions of Operation Corporate Officer(s) H. Eric Bolton, Jr. Company Website www.maac.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 99393
2	30	Starwood Capital Group	85554	42702	Barry S. Sternlicht	Greenwich	CT
Historical Data Regions of Operation Corporate Officer(s) Barry S. Sternlicht Company Website www.starwoodcapital.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 85554
3	6	Equity Residential	78023	109540	David J. Neithercut	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) David J. Neithercut Company Website www.equityapartments.com Other Lists Top Manager 2017 Top Owner 2017
4	10	AvalonBay Communities, Inc.	74538	75584	Timothy J. Naughton	Arlington	VA
Historical Data Regions of Operation Corporate Officer(s) Timothy J. Naughton Company Website www.avalonbay.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Top Builder 2017 Housing Units Breakdown Market rate units 70159 Student housing units 0 Military housing units 0 Senior housing units 0
5	18	Hunt Companies, Inc.	61970	52225	Chris Hunt	El Paso	TX
Historical Data Regions of Operation Corporate Officer(s) Chris Hunt Company Website www.huntcompanies.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 7632 Military housing units 51875
6	13	Edward Rose Building Enterprise	61508	60503	Warren Rose	Bloomfield Hills	MI
Historical Data Regions of Operation Corporate Officer(s) Warren Rose Company Website www.edwardrose.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 61204 Senior housing units 316
7	24	Lincoln Property Company	59980	49024	Tim Byrne	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Tim Byrne Company Website www.lincolnapts.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Housing Units Breakdown Market rate units 22703 Student housing units 464 Military housing units 36813
8	16	Essex Property Trust, Inc.	59260	58768	Michael J. Schall	San Mateo	CA
Historical Data Regions of Operation Corporate Officer(s) Michael J. Schall Company Website www.essex.com Other Lists Top Manager 2017 Top Owner 2017
9		The Irvine Company	58732	57825	Chaz Mueller	Newport Beach	CA
Historical Data Regions of Operation Corporate Officer(s) Chaz Mueller Company Website www.irvinecompany.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Student housing units 1207 Military housing units 0 Senior housing units 0
10	14	Camden Property Trust	52793	59792	Richard J. Campo	Houston	TX
Historical Data Regions of Operation Corporate Officer(s) Richard J. Campo Company Website www.camdenliving.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 52793
11	19	J.P. Morgan Asset Management	52046	51861	Allina Boohoff	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Allina Boohoff Company Website www.jpmorgan.com Other Lists Top Owner 2017
12	22	UDR, Inc.	51129	50646	Thomas W. Toomey	Highlands Ranch	CO
Historical Data Regions of Operation Corporate Officer(s) Thomas W. Toomey Company Website www.udr.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 51129
13	17	BH Equities, LLC	51113	55819	Harry Bookey	Des Moines	IA
Historical Data Regions of Operation Corporate Officer(s) Harry Bookey Company Website www.bhmanagement.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 51113 Student housing units 0 Military housing units 0 Senior housing units 0
14	26	The Michaels Organization	49950	48429	John J. O'Donnell	Marlton	NJ
Historical Data Regions of Operation Corporate Officer(s) John J. O'Donnell Company Website www.themichaelsorg.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Housing Units Breakdown Market rate units 1857 Student housing units 3019 Military housing units 2975 Senior housing units 10406
15	25	Balfour Beatty Communities	49163	48698	Christopher Williams	Malvern	PA
Historical Data Regions of Operation Corporate Officer(s) Christopher Williams Company Website www.balfourbeattycommunities.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Student housing units 2129 Military housing units 43737
16	23	Aimco	46311	49148	Terry Considine	Denver	CO
Historical Data Regions of Operation Corporate Officer(s) Terry Considine Company Website www.aimco.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 37922
17	29	Weidner Apartment Homes	46218	43878	Jack O'Connor	Kirkland	WA
Historical Data Regions of Operation Corporate Officer(s) Jack O'Connor Company Website www.weidner.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 46218
18	28	Prudential Real Estate Investors	46185	44587	Susan Mello	Madison	NJ
Historical Data Regions of Operation Corporate Officer(s) Susan Mello Company Website www.pgimrealestate.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 46185 Senior housing units 4562
19	32	Greystar Real Estate Partners, LLC	44037	38070	Robert A. Faith	Charleston	SC
Historical Data Regions of Operation Corporate Officer(s) Robert A. Faith Company Website www.greystar.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Top Builder 2017 Housing Units Breakdown Market rate units 38662 Student housing units 676 Senior housing units 4699
20	21	Fairfield Residential Company, LLC	41864	50733	Gregory R. Pinkalla	San Diego	CA
Historical Data Regions of Operation Corporate Officer(s) Gregory R. Pinkalla Company Website www.fairfieldresidential.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Top Builder 2017 Housing Units Breakdown Market rate units 41864 Student housing units 299 Senior housing units 0
21	36	Cortland Partners, LLC	39674	32241	Steven DeFrancis	Atlanta	GA
Historical Data Regions of Operation Corporate Officer(s) Steven DeFrancis Company Website www.cortlandpartners.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 37855 Senior housing units 1040
22	31	UBS Realty Investors, LLC	39361	42518	Matthew Lynch	Hartford	CT
Historical Data Regions of Operation Corporate Officer(s) Matthew Lynch Company Website www.ubs.com/realestate Other Lists Top Owner 2017
23	34	Steadfast Companies	36500	34565	Christopher Hilbert	Irvine	CA
Historical Data Regions of Operation Corporate Officer(s) Christopher Hilbert Company Website www.steadfastcompanies.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 113 Student housing units 0 Military housing units 0 Senior housing units 0
24	41	Monarch Investment & Management Group	35955	28547	Bob Nicolls	Franktown	CO
Historical Data Regions of Operation Corporate Officer(s) Bob Nicolls Company Website www.mimginvestment.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 35955 Student housing units 400
25	35	Morgan Properties	35929	32384	Mitchell L. Morgan	King of Prussia	PA
Historical Data Regions of Operation Corporate Officer(s) Mitchell L. Morgan Company Website www.morgan-properties.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 35929
26	27	Forest City Residential Group, Inc.	32873	47035	Ronald A. Ratner	Cleveland	OH
Historical Data Regions of Operation Corporate Officer(s) Ronald A. Ratner Company Website www.forestcity.net Other Lists Top Owner 2017 Top Developer 2017
27	37	Invesco Real Estate	31968	31744	Michael Kirby	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Michael Kirby Company Website www.invescorealestate.com Other Lists Top Owner 2017
28	38	American Campus Communities	31074	32455	Bill Bayless	Austin	TX
Historical Data Regions of Operation Corporate Officer(s) Bill Bayless Company Website www.AmericanCampus.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Housing Units Breakdown Student housing units 31074
29	40	Sentinel Real Estate Corp	30000	29000	John H. Streicker	New York	NY
Historical Data Regions of Operation Corporate Officer(s) John H. Streicker Company Website www.sentinelcorp.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 30000
30	48	Milestone Management, LLC	29920	25073	Steve Lamberti	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Steve Lamberti Company Website www.milestonerents.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 29920
31	33	Heitman, LLC	28614	37636	Maury Tognarelli	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Maury Tognarelli Company Website www.heitman.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 23777 Student housing units 4363 Senior housing units 474
32	39	Westdale Real Estate Investment & Management	28204	30448	Joseph G. Beard	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Joseph G. Beard Company Website www.westdale.com Other Lists Top Manager 2017 Top Owner 2017
33	43	JRK Property Holdings, Inc.	27514	27254	Jim Lippman	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Jim Lippman Company Website www.jrk.com Other Lists Top Owner 2017
34	49	Harbor Group International	27393	23972	Robert Friedman	Norfolk	VA
Historical Data Regions of Operation Corporate Officer(s) Robert Friedman Company Website www.harborgroupint.com Other Lists Top Owner 2017
35	45	AEW Capital Management, L.P.	25523	26262	Jeffrey Furber	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Jeffrey Furber Company Website www.aew.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 24559 Senior housing units 964
36	5	AIG Global Real Estate	25441	18531	Douglas S. Tymins	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Douglas S. Tymins Company Website www.aig.com/globalrealestate Other Lists Top Owner 2017
37	47	Southern Management Corporation	25114	25114	David Hillman	Vienna	VA
Historical Data Regions of Operation Corporate Officer(s) David Hillman Company Website www.southernmanagement.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 25114
38		AMLI Residential	25041	23733	Greg Mutz	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Greg Mutz Company Website www.amli.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 25041
39	44	FPA Multifamily	24250	26606	Gregory A. Fowler	San Francisco	CA
Historical Data Regions of Operation Corporate Officer(s) Gregory A. Fowler Company Website www.fpamf.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 24250 Student housing units 4148
40		Northland Investment Corporation	24212	22966	Lawrence Gottesdiener	Newton	MA
Historical Data Regions of Operation Corporate Officer(s) Lawrence Gottesdiener Company Website www.northland.com Other Lists Top Owner 2017
41	46	Alliance Residential Company	24163	26115	Bruce Ward and V. Jay Hiemenz	Phoenix	AZ
Historical Data Regions of Operation Corporate Officer(s) Bruce Ward and V. Jay Hiemenz Company Website www.allresco.com Other Lists Top Manager 2017 Top Owner 2017 Top Developer 2017 Top Builder 2017 Housing Units Breakdown Senior housing units 200
42		Dominium	24030	22344	Paul Sween and Armand Brachman	Plymouth	MN
Historical Data Regions of Operation Corporate Officer(s) Paul Sween and Armand Brachman Company Website www.dominiumapartments.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 2573 Senior housing units 3388
43		TruAmerica Multifamily	22400	14704	Robert Hart	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Robert Hart Company Website www.truamerica.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 22400 Student housing units 0 Military housing units 0 Senior housing units 0
44		ELRH Investments	22000	12000	Joseph Lubeck	Tampa	FL
Historical Data Regions of Operation Corporate Officer(s) Joseph Lubeck Company Website www.elrhinvestments.com Other Lists Top Owner 2017
45		GID	21462	19804	Thad Palmer	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Thad Palmer Company Website www.gid.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 21462
46	50	Berkshire Group	21454	23845	Alan King	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Alan King Company Website www.berkshire-group.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 21454
47		Highridge Costa Companies	21115	22390	Michael A. Costa	Gardena	CA
Historical Data Regions of Operation Corporate Officer(s) Michael A. Costa Company Website www.housingpartners.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 0 Student housing units 0 Military housing units 0 Senior housing units 8056
48	42	Bridge Investment Group Partners	21061	28261	Danuel R. Stanger	Salt Lake City	UT
Historical Data Regions of Operation Corporate Officer(s) Danuel R. Stanger Company Website www.bridge-igp.com Other Lists Top Manager 2017 Top Owner 2017 Housing Units Breakdown Market rate units 19568
49		Simpson Housing LLLP	20690	19444	J. Robert Love	Denver	CO
Historical Data Regions of Operation Corporate Officer(s) J. Robert Love Company Website www.simpsonhousing.com Other Lists Top Owner 2017 Housing Units Breakdown Market rate units 20690
50		Wood Partners, LLC	19998	21506	Joe Keough	Atlanta	GA
Historical Data Regions of Operation Corporate Officer(s) Joe Keough Company Website www.woodpartners.com Other Lists Top Owner 2017 Top Developer 2017 Top Builder 2017 Housing Units Breakdown Market rate units 19758 Student housing units 0 Military housing units 0 Senior housing units 0

Due to changes in methodology for this list, year-over-year changes in rank provide an inaccurate measure of companies’ performance and have, therefore, been omitted for 2017. The 2017 NMHC 50 was produced in association with Kingsley Associates and appeared in the April 2017 issue of Multifamily Executive.

What is Ownership?

Owners include: Owners (partial or full) of multifamily (defined as five or more units) rental properties, including independent living and age-restricted housing. In the case of partnerships and investment funds, the owner is the entity – typically the managing general partner – that exercises effective control over the asset.

Owners do NOT include:

Syndicators - firms that purchase tax credits in order to serve as a general partner with a minority interest
Investment fund managers that do not exercise effective control over the units
Pension fund advisors that do not exercise effective control over the units
General partners for investors who serve as limited partners
Owners of condominiums, cooperatives, hotel rooms, nursing homes, hospital rooms and mobile homes

What counts as units?

Units that are in the United States only
Unit counts, not bed counts

View all definitions and the methodology behind NMHC 50 lists.

NMHC 50 Largest Apartment Owners

MAA

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Starwood Capital Group

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Equity Residential

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

AvalonBay Communities, Inc.

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Hunt Companies, Inc.

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Edward Rose Building Enterprise

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Lincoln Property Company

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Essex Property Trust, Inc.

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

The Irvine Company

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Camden Property Trust

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

J.P. Morgan Asset Management

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

UDR, Inc.

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website