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	99,676	100,002	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 99,676
2	5	Greystar Real Estate Partners, LLC	98,860	80,121	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 78,433 Student housing units 18,313
3	3	Morgan Properties	93,594	94,107	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 93,594
4	4	AvalonBay Communities, Inc.	80,325	81,803	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 76,194
5	6	Equity Residential	79,594	80,407	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 79,594
6		Cortland	77,407	73,851	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 76,603
7	8	Nuveen Real Estate	73,374	70,947	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 56,035 Student housing units 5,910
8	10	Monarch Investment & Management Group	71,661	66,898	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 71,661
9	7	The Related Companies, LP	71,184	75,023	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 20,576
10	9	Edward Rose Building Enterprise	69,567	68,379	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 69,567
11	13	Essex Property Trust, Inc.	62,147	62,290	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	61,022	59,808	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 58,802 Student housing units 3,414
13	19	The Michaels Organization	60,646	54,969	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 14,864 Student housing units 3,831
14	17	Camden Property Trust	58,702	58,300	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 58,702
15	14	Weidner Apartment Homes	58,556	54,807	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 58,556
16	15	Harbor Group International, LLC	58,519	59,433	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 58,116
17	18	UDR, Inc.	58,374	57,483	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	55,147	54,118	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 18,114
19	23	Bridge Investment Group	54,712	48,827	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 53,296
20	21	JPMorgan	54,506	51,618	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 44,801
21	22	BH Equities	49,756	50,043	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 49,195 Student housing units N/A
22	24	Balfour Beatty	46,740	48,157	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 44,761 Student housing units 1,979
23	25	FPA Multifamily	45,200	42,335	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 38,000 Student housing units 6,000
24	27	GID	43,886	40,915	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 43,886
25	29	TruAmerica Multifamily	40,344	39,493	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 40,344
26	26	The Olayan Group	40,000	41,000	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	39,897	40,372	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 36,545 Student housing units 563
28	30	Dominium	39,591	37,731	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 1,809
29	32	Fairfield Residential Company, LLC	38,092	35,887	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 20,747
30	44	Berkshire Residential Investments	37,036	29,037	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 37,036
31	34	Heitman, LLC	36,489	33,977	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 36,489 Student housing units 7,993
32	31	Independence Realty Trust	35,526	36,831	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 35,526
33	35	American Landmark	34,128	33,303	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 34,128
34	36	Knightvest Capital	33,727	32,984	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 33,727 Student housing units N/A
35		Mill Creek Residential	33,424	21,222	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	32,417	24,663	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 32,417
37		Tides Equities	31,942	19,349	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 31,942
38	41	The Millennia Companies	31,242	30,164	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 9,240
39	42	Westdale Real Estate Investment & Management	29,800	29,598	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	29,710	29,354	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 29,710 Student housing units 232
41		GVA Management	29,686	14,650	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 29,686
42	37	UBS Realty Investors	28,700	31,873	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.	28,309	29,605	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	27,908	25,355	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 8,865
45	48	Sentinel Real Estate Corporation	27,705	26,480	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 27,705
46		MG Properties	27,381	23,438	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 27,381
47	38	Peak Capital Partners	27,241	30,754	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 15,588 Student housing units 236
48	50	Waterton	27,165	25,989	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 26,633
49	49	JRK Property Holdings	26,941	26,464	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	26,599	26,519	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 26,599

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

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Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Greystar Real Estate Partners, LLC

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Corporate Officer(s)

Company Website

Other Lists

Housing Units Breakdown

Morgan Properties

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Housing Units Breakdown

AvalonBay Communities, Inc.

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Housing Units Breakdown

Equity Residential

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Company Website

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Housing Units Breakdown

Cortland

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Housing Units Breakdown

Nuveen Real Estate

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Housing Units Breakdown

Monarch Investment & Management Group

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The Related Companies, LP

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Housing Units Breakdown

Edward Rose Building Enterprise

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Housing Units Breakdown

Essex Property Trust, Inc.

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PGIM Real Estate

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