2021 Top Owners List

2021 Rankings

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Order list by:

Owner Rank 2021	Owner Rank 2020	Company Name	Units Owned 2021	Units Owned 2020	Corporate Officer	HQ City	HQ State
1	1	MAA	100490	100031	H. Eric Bolton, Jr.	Germantown	TN
Historical Data Regions of Operation Corporate Officer(s) H. Eric Bolton, Jr. Company Website www.maac.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 100490
2	5	Morgan Properties	90617	70052	Mitchell L. Morgan	King of Prussia	PA
Historical Data Regions of Operation Corporate Officer(s) Mitchell L. Morgan Company Website www.morganproperties.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 90617
3	4	Starwood Capital Group	89349	75409	Barry S. Sternlicht	Miami	FL
Historical Data Regions of Operation Corporate Officer(s) Barry S. Sternlicht Company Website www.starwoodcapital.com Other Lists Top Owner 2021
4	3	AvalonBay Communities, Inc.	80094	79886	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 2021 Top Owner 2021 Housing Units Breakdown Market rate units 75477
5	2	Equity Residential	78568	80624	Mark J. Parrell	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Mark J. Parrell Company Website www.equityapartments.com Other Lists Top Manager 2021 Top Owner 2021
6	8	Greystar Real Estate Partners	75099	63306	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 2021 Top Owner 2021 Top Developer 2021 Top Builder 2021 Housing Units Breakdown Student housing units 16931 Senior housing units 8831
7	6	Related Companies	73082	69369	Jeff Blau	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Jeff Blau Company Website www.related.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 19461
8	7	Edward Rose Building Enterprise	67016	65600	Warren Rose	Bloomfield Hills	MI
Historical Data Regions of Operation Corporate Officer(s) Warren Rose Company Website www.edwardrose.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 65945 Senior housing units 1071
9	13	Monarch Investment & Management Group	63727	56633	Bob Nicolls	Franktown	CO
Historical Data Regions of Operation Corporate Officer(s) Bob Nicolls Company Website www.mimginvestment.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 62727
10	9	The Irvine Company	62254	62254	Jim Krohn	Newport Beach	CA
Historical Data Regions of Operation Corporate Officer(s) Jim Krohn Company Website www.irvinecompany.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 62654
11	12	Cortland	62229	58033	Steven DeFrancis	Atlanta	GA
Historical Data Regions of Operation Corporate Officer(s) Steven DeFrancis Company Website www.cortland.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 61056 Senior housing units 1429
12	10	Essex Property Trust, Inc.	60272	60570	Michael J. Schall	San Mateo	CA
Historical Data Regions of Operation Corporate Officer(s) Michael J. Schall Company Website www.essexapartmenthomes.com Other Lists Top Manager 2021 Top Owner 2021
13	22	Nuveen Real Estate	60201	49401	James Martha	New York	NY
Historical Data Regions of Operation Corporate Officer(s) James Martha Company Website www.nuveen.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 49037 Student housing units 4629 Senior housing units 1964
14	11	Hunt Companies, Inc.	57819	58340	Chris Hunt	El Paso	TX
Historical Data Regions of Operation Corporate Officer(s) Chris Hunt Company Website www.huntcompanies.com Other Lists Top Owner 2021 Housing Units Breakdown Military housing units 51484
15	14	Weidner Apartment Homes	57012	56262	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 2021 Top Owner 2021 Housing Units Breakdown Market rate units 57012
16	15	Camden Property Trust	56850	56107	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 2021 Top Owner 2021
17	18	Lincoln Property Company	53132	54200	Tim Byrne	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Tim Byrne Company Website www.lincolnapts.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 16099 Military housing units 37033
18	19	The Michaels Organization	52991	52119	John J. O'Donnell	Camden	NJ
Historical Data Regions of Operation Corporate Officer(s) John J. O'Donnell Company Website www.tmo.com Other Lists Top Manager 2021 Top Owner 2021 Top Developer 2021 Housing Units Breakdown Market rate units 980 Student housing units 1921 Military housing units 2848
19	20	UDR, Inc.	51649	51294	Tom Toomey	Highlands Ranch	CO
Historical Data Regions of Operation Corporate Officer(s) Tom Toomey Company Website www.udr.com Other Lists Top Manager 2021 Top Owner 2021
20	16	BH Companies	51178	55950	Harry Bookey	Des Moines	IA
Historical Data Regions of Operation Corporate Officer(s) Harry Bookey Company Website www.bhmanagement.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 49078
21	17	PGIM Real Estate	50619	55152	Susan Mello	Madison	NJ
Historical Data Regions of Operation Corporate Officer(s) Susan Mello Company Website www.pgimrealestate.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 50619 Senior housing units 1162
22	21	JPMorgan Asset Management	49339	50037	Brett Kahn	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Brett Kahn Company Website www.jpmorgan.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 41486
23	23	Balfour Beatty Communities	48511	48862	Christopher Williams	Malvern	PA
Historical Data Regions of Operation Corporate Officer(s) Christopher Williams Company Website www.balfourbeattycommunities.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 48511 Student housing units 2344 Military housing units 43162
24	32	Harbor Group International, LLC	46217	31609	Jordan Slone	Norfolk	VA
Historical Data Regions of Operation Corporate Officer(s) Jordan Slone Company Website www.harborgroupint.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 44091
25		Fairfield Residential Company LLC	38484	21616	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 2021 Top Owner 2021 Top Developer 2021 Top Builder 2021 Housing Units Breakdown Market rate units 15744 Student housing units 299 Senior housing units 948
26	26	GID	37607	36557	Bob DeWitt	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Bob DeWitt Company Website www.gid.com Other Lists Top Owner 2021
27	28	Invesco Real Estate	37296	35139	Michael Kirby	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Michael Kirby Company Website www.invescorealestate.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 35076 Senior housing units 317
28	34	Bridge Investment Group	36588	30626	Jonathan Slager	Salt Lake City	UT
Historical Data Regions of Operation Corporate Officer(s) Jonathan Slager Company Website www.bridgeig.com Other Lists Top Manager 2021 Top Owner 2021 Top Developer 2021 Housing Units Breakdown Market rate units 35011
29	24	FPA Multifamily	36400	37355	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 Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 35150 Student housing units 5500
30	25	UBS Realty Investors LLC	35259	37334	Matthew Johnson	Hartford	CT
Historical Data Regions of Operation Corporate Officer(s) Matthew Johnson Company Website www.ubs.com/realestate Other Lists Top Owner 2021
31	27	Dominium	34784	34580	Paul Sween	Plymouth	MN
Historical Data Regions of Operation Corporate Officer(s) Paul Sween Company Website www.dominiumapartments.com Other Lists Top Manager 2021 Top Owner 2021 Top Developer 2021 Top Builder 2021 Housing Units Breakdown Market rate units 3418 Senior housing units 8074
32	29	American Campus Communities	34585	33925	Bill Bayless	Austin	TX
Historical Data Regions of Operation Corporate Officer(s) Bill Bayless Company Website www.americancampus.com Other Lists Top Manager 2021 Top Owner 2021 Housing Units Breakdown Market rate units 32462 Student housing units 32462
33	31	American Landmark Apartments	33000	32000	Joe Lubeck	Tampa	FL
Historical Data Regions of Operation Corporate Officer(s) Joe Lubeck Company Website www.alapts.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 33000
34	33	Heitman	32114	30866	Maury Tognarelli	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Maury Tognarelli Company Website www.heitman.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 32114 Student housing units 7804 Senior housing units 1020
35	37	TruAmerica Multifamily LLC	29535	27420	Robert E. Hart	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Robert E. Hart Company Website www.truamerica.com Other Lists Top Owner 2021
36	35	Westdale Real Estate Investment & Management	29196	30427	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 2021 Top Owner 2021
37	39	AEW Capital Management, L.P.	28741	26160	Jeffrey Furber	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Jeffrey Furber Company Website www.aew.com Other Lists Top Owner 2021 Housing Units Breakdown Senior housing units 3654
38	40	Eaton Vance Management	27703	25765	Andrew Frenette	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Andrew Frenette Company Website www.eatonvancerealestate.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 27703
39	30	AIR Communities (formerly Aimco)	26592	26145	Terry Considine	Denver	CO
Historical Data Regions of Operation Corporate Officer(s) Terry Considine Company Website www.aircommunities.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 26596
40	41	Knightvest Capital	26508	25477	David Moore	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) David Moore Company Website www.knightvest.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 26508
41	50	The NRP Group	26117	22884	J. David Heller	Cleveland	OH
Historical Data Regions of Operation Corporate Officer(s) J. David Heller Company Website www.nrpgroup.com Other Lists Top Owner 2021 Top Developer 2021 Top Builder 2021 Housing Units Breakdown Market rate units 8433 Senior housing units 2495
42	46	Northland Investment Corporation	26092	24775	Lawrence Gottesdiener	Newton	MA
Historical Data Regions of Operation Corporate Officer(s) Lawrence Gottesdiener Company Website www.northland.com Other Lists Top Owner 2021
43	44	Security Properties	26075	25120	Bob Krokower	Seattle	WA
Historical Data Regions of Operation Corporate Officer(s) Bob Krokower Company Website www.securityproperties.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 17865 Senior housing units 2356
44		Alliance Residential	26040	22259	V. Jay Hiemenz	Phoenix	AZ
Historical Data Regions of Operation Corporate Officer(s) V. Jay Hiemenz Company Website www.allresco.com Other Lists Top Owner 2021 Top Developer 2021 Top Builder 2021 Housing Units Breakdown Market rate units 25339 Senior housing units 701
45	45	Sentinel Real Estate Corporation	26000	25100	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 2021 Housing Units Breakdown Market rate units 26000
46	47	AMLI Residential	25454	24997	Greg Mutz	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Greg Mutz Company Website www.amli.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 25129
47	42	Southern Management Companies	25327	25327	Suzanne D. Hillman	Vienna	VA
Historical Data Regions of Operation Corporate Officer(s) Suzanne D. Hillman Company Website www.southernmanagement.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 25327
48	38	JRK Property Holdings	25273	26697	Bobby Lee	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Bobby Lee Company Website www.jrk.com Other Lists Top Owner 2021
49	48	Peak Capital Partners	25020	23324	Jeff Danley	Provo	UT
Historical Data Regions of Operation Corporate Officer(s) Jeff Danley Company Website www.peakcapitalpartners.com Other Lists Top Owner 2021 Housing Units Breakdown Market rate units 13719 Student housing units 977 Senior housing units 2110
50	49	Mercy Housing, Inc.	24627	23182	Ismael Guerrero	Denver	CO
Historical Data Regions of Operation Corporate Officer(s) Ismael Guerrero Company Website www.mercyhousing.org Other Lists Top Owner 2021 Housing Units Breakdown Senior housing units 10053

NMHC Partners with Kingsley (a Grace Hill Company) to administer the NMHC 50 Survey. Learn more about their survey solutions, visit gracehill.com/products/kingsleysurveys/

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

Historical Data

Historical data for each company reflects only years the company previously qualified for the NMHC 50 lists.

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

Morgan Properties

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

AvalonBay Communities, Inc.

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

Greystar Real Estate Partners

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Related Companies

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

Monarch Investment & Management Group

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

The Irvine Company

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Cortland

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)