2023 Top Owners List

2023 Rankings

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Order list by:

Owner Rank 2023	Owner Rank 2022	Company Name	Units Owned 2023	Units Owned 2022	Corporate Officer	HQ City	HQ State
1	2	MAA	99676	100002	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 2023 Top Owner 2023 Housing Units Breakdown Market rate units 99676
2	5	Greystar Real Estate Partners, LLC	98860	80121	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 2023 Top Owner 2023 Top Developer 2023 Top Builder 2023 Housing Units Breakdown Market rate units 78433 Student housing units 18313
3	3	Morgan Properties	93594	94107	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 2023 Top Owner 2023 Housing Units Breakdown Market rate units 93594
4	4	AvalonBay Communities, Inc.	80325	81803	Ben Schall & Sean Breslin	Arlington	VA
Historical Data Regions of Operation Corporate Officer(s) Ben Schall & Sean Breslin Company Website www.avaloncommunities.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 76194
5	6	Equity Residential	79594	80407	Mark Parrell	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Mark Parrell Company Website www.equityapartments.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 79594
6		Cortland	77407	73851	Steven DeFrancis & Jason Kern	Atlanta	GA
Historical Data Regions of Operation Corporate Officer(s) Steven DeFrancis & Jason Kern Company Website www.cortland.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 76603
7	8	Nuveen Real Estate	73374	70947	Jay Martha	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Jay Martha Company Website www.nuveen.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 56035 Student housing units 5910
8	10	Monarch Investment & Management Group	71661	66898	Bob Nicolls	Franktown	CO
Historical Data Regions of Operation Corporate Officer(s) Bob Nicolls Company Website www.mimginvestment.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 71661
9	7	The Related Companies, LP	71184	75023	Jeff Blau	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Jeff Blau Company Website www.related.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 20576
10	9	Edward Rose Building Enterprise	69567	68379	Warren Rose	Bloomfield Hills	MI
Historical Data Regions of Operation Corporate Officer(s) Warren Rose Company Website www.EdwardRose.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 69567
11	13	Essex Property Trust, Inc.	62147	62290	Michael Schall & Angela Kleiman	San Mateo	CA
Historical Data Regions of Operation Corporate Officer(s) Michael Schall & Angela Kleiman Company Website www.essex.com Other Lists Top Manager 2023 Top Owner 2023
12	11	PGIM Real Estate	61022	59808	Catherine Marcus & Yetta Tropper	Newark	NJ
Historical Data Regions of Operation Corporate Officer(s) Catherine Marcus & Yetta Tropper Company Website www.pgimrealestate.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 58802 Student housing units 3414
13	19	The Michaels Organization	60646	54969	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 2023 Top Owner 2023 Housing Units Breakdown Market rate units 14864 Student housing units 3831
14	17	Camden Property Trust	58702	58300	Richard J. Campo & D. Keith Oden	Houston	TX
Historical Data Regions of Operation Corporate Officer(s) Richard J. Campo & D. Keith Oden Company Website www.camdenliving.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 58702
15	14	Weidner Apartment Homes	58556	54807	W. Dean Weidner	Kirkland	WA
Historical Data Regions of Operation Corporate Officer(s) W. Dean Weidner Company Website www.weidner.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 58556
16	15	Harbor Group International, LLC	58519	59433	Jordan Slone	Norfolk	VA
Historical Data Regions of Operation Corporate Officer(s) Jordan Slone Company Website www.harborgroupint.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 58116
17	18	UDR, Inc.	58374	57483	Tom Toomey	Highlands Ranch	CO
Historical Data Regions of Operation Corporate Officer(s) Tom Toomey Company Website www.udr.com Other Lists Top Manager 2023 Top Owner 2023
18	20	Lincoln Property Company	55147	54118	Tim Byrne	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Tim Byrne Company Website www.lincolnapts.com Other Lists Top Manager 2023 Top Owner 2023 Top Developer 2023 Housing Units Breakdown Market rate units 18114
19	23	Bridge Investment Group	54712	48827	Colin Apple & Matt DeGraw	Sandy	UT
Historical Data Regions of Operation Corporate Officer(s) Colin Apple & Matt DeGraw Company Website www.bridgeig.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 53296
20	21	JPMorgan	54506	51618	Brett Kahn	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Brett Kahn Company Website www.jpmorgan.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 44801
21	22	BH Equities	49756	50043	Harry Bookey & Joanna Zabriskie	Des Moines	IA
Historical Data Regions of Operation Corporate Officer(s) Harry Bookey & Joanna Zabriskie Company Website www.livebh.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 49195 Student housing units 0
22	24	Balfour Beatty	46740	48157	Christopher Williams	Malvern	PA
Historical Data Regions of Operation Corporate Officer(s) Christopher Williams Company Website www.balfourbeattycommunities.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 44761 Student housing units 1979
23	25	FPA Multifamily	45200	42335	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 2023 Top Owner 2023 Housing Units Breakdown Market rate units 38000 Student housing units 6000
24	27	GID	43886	40915	Gregory Bates	Atlanta	GA
Historical Data Regions of Operation Corporate Officer(s) Gregory Bates Company Website www.GID.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 43886
25	29	TruAmerica Multifamily	40344	39493	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 2023 Housing Units Breakdown Market rate units 40344
26	26	The Olayan Group	40000	41000	Camile G. Saba	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Camile G. Saba Company Website www.olayan.com Other Lists Top Owner 2023
27	28	Invesco Real Estate	39897	40372	Jackson Lapin & Greg Kraus	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Jackson Lapin & Greg Kraus Company Website www.invesco.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 36545 Student housing units 563
28	30	Dominium	39591	37731	Paul Sween & Mark Moorhouse	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Paul Sween & Mark Moorhouse Company Website www.dominiumapartments.com Other Lists Top Manager 2023 Top Owner 2023 Top Developer 2023 Top Builder 2023 Housing Units Breakdown Market rate units 1809
29	32	Fairfield Residential Company, LLC	38092	35887	Richard Boynton	San Diego	CA
Historical Data Regions of Operation Corporate Officer(s) Richard Boynton Company Website www.fairfieldresidential.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 20747
30	44	Berkshire Residential Investments	37036	29037	David Olney & Alan King	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) David Olney & Alan King Company Website www.berkshireresi.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 37036
31	34	Heitman, LLC	36489	33977	Maury Tognarelli	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Maury Tognarelli Company Website www.heitman.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 36489 Student housing units 7993
32	31	Independence Realty Trust	35526	36831	Scott Schaeffer & Farrell Ender	Philadelphia	PA
Historical Data Regions of Operation Corporate Officer(s) Scott Schaeffer & Farrell Ender Company Website www.irtliving.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 35526
33	35	American Landmark	34128	33303	Joe Lubeck	Tampa	FL
Historical Data Regions of Operation Corporate Officer(s) Joe Lubeck Company Website www.alapts.com Other Lists Top Manager 2023 Top Owner 2023 Housing Units Breakdown Market rate units 34128
34	36	Knightvest Capital	33727	32984	David Moore	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) David Moore Company Website www.knightvestcapital.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 33727 Student housing units 0
35		Mill Creek Residential	33424	21222	William C. MacDonald	Boca Raton	FL
Historical Data Regions of Operation Corporate Officer(s) William C. MacDonald Company Website www.millcreekplaces.com Other Lists Top Owner 2023 Top Developer 2023 Top Builder 2023
36		Alliance Residential	32417	24663	Jay Hiemenz	Scottsdale	AZ
Historical Data Regions of Operation Corporate Officer(s) Jay Hiemenz Company Website www.allresco.com Other Lists Top Owner 2023 Top Developer 2023 Top Builder 2023 Housing Units Breakdown Market rate units 32417
37		Tides Equities	31942	19349	Sean Kia & Ryan Andrade	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Sean Kia & Ryan Andrade Company Website www.tidesequities.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 31942
38	41	The Millennia Companies	31242	30164	Frank Sinito	Cleveland	OH
Historical Data Regions of Operation Corporate Officer(s) Frank Sinito Company Website www.themillenniacompanies.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 9240
39	42	Westdale Real Estate Investment & Management	29800	29598	Joseph G. Beard	Dallas	TX
Historical Data Regions of Operation Corporate Officer(s) Joseph G. Beard Company Website www.Westdale.com Other Lists Top Owner 2023
40	43	CWS Capital Partners	29710	29354	Steve Sherwood	Austin	TX
Historical Data Regions of Operation Corporate Officer(s) Steve Sherwood Company Website www.cwscapital.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 29710 Student housing units 232
41		GVA Management	29686	14650	Alan Stalcup	Austin	TX
Historical Data Regions of Operation Corporate Officer(s) Alan Stalcup Company Website www.gvamgt.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 29686
42	37	UBS Realty Investors	28700	31873	Matthew Johnson	Hartford	CT
Historical Data Regions of Operation Corporate Officer(s) Matthew Johnson Company Website www.ubs.com/realestate Other Lists Top Owner 2023
43	39	AEW Capital Management, L.P.	28309	29605	Jeffrey Furber	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Jeffrey Furber Company Website www.aew.com Other Lists Top Owner 2023
44		The NRP Group	27908	25355	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 2023 Top Developer 2023 Top Builder 2023 Housing Units Breakdown Market rate units 8865
45	48	Sentinel Real Estate Corporation	27705	26480	Michael F. Streicker	New York City	NY
Historical Data Regions of Operation Corporate Officer(s) Michael F. Streicker Company Website www.sentinelcorp.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 27705
46		MG Properties	27381	23438	Mark Gleiberman	San Diego	CA
Historical Data Regions of Operation Corporate Officer(s) Mark Gleiberman Company Website www.mgproperties.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 27381
47	38	Peak Capital Partners	27241	30754	Jeff Danley & Jamie Dunn	Provo	UT
Historical Data Regions of Operation Corporate Officer(s) Jeff Danley & Jamie Dunn Company Website www.peakcapitalpartners.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 15588 Student housing units 236
48	50	Waterton	27165	25989	David Schwartz	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) David Schwartz Company Website www.waterton.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 26633
49	49	JRK Property Holdings	26941	26464	Jim Lippman & Bobby Lee	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Jim Lippman & Bobby Lee Company Website www.jrk.com Other Lists Top Owner 2023
50	47	Northland	26599	26519	Matthew Gottesdiener	Newton	MA
Historical Data Regions of Operation Corporate Officer(s) Matthew Gottesdiener Company Website www.northland.com Other Lists Top Owner 2023 Housing Units Breakdown Market rate units 26599

Read an analysis of the 2023 Top Owners Rankings >>>

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

Greystar Real Estate Partners, LLC

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

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

Housing Units Breakdown

Cortland

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Nuveen Real Estate

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 Related Companies, LP

Historical Data

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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

Essex Property Trust, Inc.

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

PGIM Real Estate

Historical Data

Regions of Operation