2025 Top Managers List

2025 Rankings

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Order list by:

Manager Rank 2025	Manager Rank 2024	Company Name	Units Managed 2025	Units Managed 2024	CEO	HQ City	HQ State
1	1	Greystar	946742	814313	Bob Faith	Charleston	SC
Historical Data Regions of Operation CEO Bob Faith Company Website www.greystar.com Other Lists Top Owner 2025 Top Developer 2025 Top Builder 2025 Housing Units Breakdown Market rate units 875326 BTR units 30809 Subsidized units 36648 Student housing units 34768
2	2	Asset Living	288665	291322	Ryan McGrath	Houston	TX
Historical Data Regions of Operation CEO Ryan McGrath Company Website www.assetliving.com Housing Units Breakdown Market rate units 197016 Subsidized units 50958 Student housing units 40691
3	4	Willow Bridge Property Company (fka Lincoln Property Company)	220676	201472	Duncan Osborne	Dallas	TX
Historical Data Regions of Operation CEO Duncan Osborne Company Website www.willowbridgepc.com Housing Units Breakdown Market rate units 214056 BTR units 8555 Subsidized units 6620
4	3	RPM Living	218661	226169	Jason Berkowitz	Austin	TX
Historical Data Regions of Operation CEO Jason Berkowitz Company Website www.rpmliving.com Housing Units Breakdown Market rate units 190682 BTR units 7525 Subsidized units 20123 Student housing units 331
5	5	Cushman & Wakefield	167000	182000	Michelle MacKay	Chicago	IL
Historical Data Regions of Operation CEO Michelle MacKay Company Website www.cushmanwakefield.com Housing Units Breakdown Market rate units 149043 BTR units 8485 Subsidized units 8305
6	6	FPI Management	165038	165077	Dennis Treadaway	Folsom	CA
Historical Data Regions of Operation CEO Dennis Treadaway Company Website www.fpimgt.com Housing Units Breakdown Market rate units 90771 Subsidized units 74267
7	7	AMC*	152989	145697	Brenda Barrett	Cottonwood Heights	UT
Historical Data Regions of Operation CEO Brenda Barrett Company Website www.amcllc.net Housing Units Breakdown Market rate units 124953 Subsidized units 28036
8	8	Avenue5 Residential LLC	142841	121932	Walt Smith	Seattle	WA
Historical Data Regions of Operation CEO Walt Smith Company Website www.avenue5.com Housing Units Breakdown Market rate units 128814 BTR units 1810 Subsidized units 14027
9	11	Bozzuto	121232	101961	Toby Bozzuto	Greenbelt	MD
Historical Data Regions of Operation CEO Toby Bozzuto Company Website www.bozzuto.com Housing Units Breakdown Market rate units 116614 BTR units 972 Subsidized units 4618
10	10	WinnCompanies	116337	109037	Gilbert Winn	Boston	MA
Historical Data Regions of Operation CEO Gilbert Winn Company Website www.winncompanies.com Housing Units Breakdown Market rate units 13190 Subsidized units 83825
11	9	BH Management Services	107099	113993	Joanna Zabriskie	Des Moines	IA
Historical Data Regions of Operation CEO Joanna Zabriskie Company Website www.livebh.com Housing Units Breakdown Market rate units 107099 BTR units 7740 Subsidized units 31185 Student housing units 12315
12	12	MAA	102348	100894	H. Eric Bolton, Jr.	Germantown	TN
Historical Data Regions of Operation CEO H. Eric Bolton, Jr. Company Website www.maac.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 102348
13	19	ZRS Management LLC	92927	78130	Darren Pierce	Orlando	FL
Historical Data Regions of Operation CEO Darren Pierce Company Website www.zrsmanagement.com Housing Units Breakdown Market rate units 92927 BTR units 2542
14	15	Bell Partners Inc	88407	84621	Lili Dunn	Greensboro	NC
Historical Data Regions of Operation CEO Lili Dunn Company Website www.BellPartnersInc.com Housing Units Breakdown Market rate units 88407
15	18	Equity Residential	84249	80191	Mark Parrell	Chicago	IL
Historical Data Regions of Operation CEO Mark Parrell Company Website www.equityapartments.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 84249
16	16	AvalonBay Communities Inc.	83753	82260	Benjamin Schall	Arlington	VA
Historical Data Regions of Operation CEO Benjamin Schall Company Website www.avaloncommunities.com Other Lists Top Owner 2025 Top Developer 2025 Top Builder 2025 Housing Units Breakdown Market rate units 79828 BTR units 3151 Subsidized units 3925
17	20	RAM Partners LLC	81252	74500	Bill Leseman	Atlanta	GA
Historical Data Regions of Operation CEO Bill Leseman Company Website www.rampartnersllc.com Housing Units Breakdown Market rate units 81252
18	21	The Michaels Organization	79471	74419	Mark Morgan	Camden	NJ
Historical Data Regions of Operation CEO Mark Morgan Company Website www.TMO.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 2711 Subsidized units 53863 Student housing units 5167
19	17	Cortland	78078	80508	Steven DeFrancis	Atlanta	GA
Historical Data Regions of Operation CEO Steven DeFrancis Company Website www.cortland.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 73479
20	22	Monarch Investment & Management Group	75871	73026	Bob Nicolls	Franktown	CO
Historical Data Regions of Operation CEO Bob Nicolls Company Website www.mimginvestment.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 74871 Student housing units 1000
21	14	RangeWater Real Estate	72117	91478	Steven Shores	Atlanta	GA
Historical Data Regions of Operation CEO Steven Shores Company Website www.liverangewater.com Housing Units Breakdown Market rate units 72117 BTR units 15183
22	23	Edward Rose Building Enterprise	71591	70658	Warren Rose	Bloomfield Hills	MI
Historical Data Regions of Operation CEO Warren Rose Company Website www.EdwardRose.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 71591
23		Hunt/Envolve	66316	67614	Chris Hunt	El Paso	TX
Historical Data Regions of Operation CEO Chris Hunt Company Website www.huntcompanies.com Housing Units Breakdown Market rate units 38756 BTR units 33737 Subsidized units 27560
24	25	Weidner Apartment Homes	66249	62018	W. Dean Weidner	Kirkland	WA
Historical Data Regions of Operation CEO W. Dean Weidner Company Website www.weidner.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 66249
25	27	CONAM Management Corporation	62818	61899	Rob Singh	San Diego	CA
Historical Data Regions of Operation CEO Rob Singh Company Website www.conam.com Housing Units Breakdown Market rate units 35251 Subsidized units 27567
26	32	Hawthorne Residential Partners	62651	49703	Samantha Davenport	Greensboro	NC
Historical Data Regions of Operation CEO Samantha Davenport Company Website www.hrpliving.com Housing Units Breakdown Market rate units 58862 BTR units 3789
27	26	Essex Property Trust Inc.	62510	62261	Angela Kleiman	San Mateo	CA
Historical Data Regions of Operation CEO Angela Kleiman Company Website www.essexapartmenthomes.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 62510
28	24	The Related Companies LP	62455	66902	Jeff Blau	New York	NY
Historical Data Regions of Operation CEO Jeff Blau Company Website www.related.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 19588 Subsidized units 42867
29	33	FPA Multifamily	62244	51765	Gregory A. Fowler	San Francisco	CA
Historical Data Regions of Operation CEO Gregory A. Fowler Company Website www.fpamf.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 53244 Subsidized units 1500 Student housing units 7500
30	29	Bridge Property Management	61150	58889	Matt DeGraw	Sandy	UT
Historical Data Regions of Operation CEO Matt DeGraw Company Website www.bridgeig.com Housing Units Breakdown Market rate units 61150
31	28	UDR Inc.	60123	59762	Tom Toomey	Highlands Ranch	CO
Historical Data Regions of Operation CEO Tom Toomey Company Website www.udr.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 57723 Subsidized units 2400
32	30	Camden Property Trust	58858	58634	Richard J. Campo	Houston	TX
Historical Data Regions of Operation CEO Richard J. Campo Company Website www.camdenliving.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 58858 BTR units 377
33	31	Harbor Group International	58316	54325	Jordan Slone	Norfolk	VA
Historical Data Regions of Operation CEO Jordan Slone Company Website www.harborgroupint.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 57472 Subsidized units 844
34	38	Cardinal Group Companies	54622	46218	Alex O'Brien	Denver	CO
Historical Data Regions of Operation CEO Alex O'Brien Company Website www.cardinalgroup.com Housing Units Breakdown Market rate units 14657 BTR units 2207 Subsidized units 6840 Student housing units 33125
35	35	Village Green	50455	48491	Diane K. Batayeh	Southfield	MI
Historical Data Regions of Operation CEO Diane K. Batayeh Company Website www.villagegreen.com Housing Units Breakdown Market rate units 47000 BTR units 2500 Subsidized units 3455
36	37	GoldOller Real Estate Investments	48134	46741	Jake Hollinger	Philadelphia	PA
Historical Data Regions of Operation CEO Jake Hollinger Company Website www.goldoller.com Housing Units Breakdown Market rate units 22038 BTR units 250 Subsidized units 26096
37	39	GID / Windsor Communities	48071	45223	Gregory Bates	Atlanta	GA
Historical Data Regions of Operation CEO Gregory Bates Company Website www.gid.com Housing Units Breakdown Market rate units 46920 Subsidized units 1151
38	36	Balfour Beatty Communities	47485	47293	Chris Williams	Malvern	PA
Historical Data Regions of Operation CEO Chris Williams Company Website www.balfourbeattycommunities.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 44624 Student housing units 2861
39	34	Pegasus Residential	46264	48764	Jackie Ware	Atlanta	GA
Historical Data Regions of Operation CEO Jackie Ware Company Website www.pegasusresidential.com Housing Units Breakdown Market rate units 46264 BTR units 350
40	41	Drucker + Falk	43294	39346	Wendy Drucker, Kellie Falk, David Falk	Newport News	VA
Historical Data Regions of Operation CEO Wendy Drucker, Kellie Falk, David Falk Company Website www.druckerandfalk.com Housing Units Breakdown Market rate units 43294
41	42	Dominium	43199	38971	Paul Sween	Dallas	TX
Historical Data Regions of Operation CEO Paul Sween Company Website www.dominiuminc.com Other Lists Top Owner 2025 Top Developer 2025 Top Builder 2025 Housing Units Breakdown Market rate units 1948 Subsidized units 41251
42	44	Elmington	38953	37516	Cary Rosenblum	Nashville	TN
Historical Data Regions of Operation CEO Cary Rosenblum Company Website www.oneelmington.com Housing Units Breakdown Market rate units 15844 BTR units 1820 Subsidized units 21931 Student housing units 154
43	40	Fairfield Residential	38790	35252	Richard Boynton	San Diego	CA
Historical Data Regions of Operation CEO Richard Boynton Company Website www.fairfieldresidential.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 20350 Subsidized units 18440
44	45	Berkshire Residential Investments	38703	37098	David Olney	Boston	MA
Historical Data Regions of Operation CEO David Olney Company Website www.berkshireresi.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 38703
45	43	United Apartment Group*	37521	39114	Tim Settles	San Antonio	TX
Historical Data Regions of Operation CEO Tim Settles Company Website www.uaginc.com Housing Units Breakdown Market rate units 37521 Subsidized units 189
46		Mission Rock Residential	37236	32486	Patricia Hutchison	Denver	CO
Historical Data Regions of Operation CEO Patricia Hutchison Company Website www.missionrockresidential.com Housing Units Breakdown Market rate units 28111 Subsidized units 9125
47		Westdale Real Estate Investment & Management	36313	35379	Joseph G. Beard	Dallas	TX
Historical Data Regions of Operation CEO Joseph G. Beard Company Website www.westdale.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 36313 BTR units 1193
48		Valiant Residential*	35724	32349	Craig Lashley	Dallas	TX
Historical Data Regions of Operation CEO Craig Lashley Company Website www.valiantresidential.com Housing Units Breakdown Market rate units 34164 Subsidized units 1560
49	48	Beztak	34958	34558	Samuel Beznos	Farmington Hills	MI
Historical Data Regions of Operation CEO Samuel Beznos Company Website www.beztak.com Housing Units Breakdown Market rate units 33758 Subsidized units 1200
50		Knightvest Capital	34697	34419	David Moore	Dallas	TX
Historical Data Regions of Operation CEO David Moore Company Website www.knightvest.com Other Lists Top Owner 2025 Housing Units Breakdown Market rate units 34697

*Not a member of NMHC as of Jan. 31, 2025.

What is Property Management?

This is a survey of property management, not asset or investment management. Only multifamily (defined as five or more units) rental units (including independent living and age-restricted housing) for which the company handles property management tasks – leasing, maintenance, landscaping, etc. – should be included here.

Managers do NOT include:
Firms with control over asset / investment decisions only
Condominium or cooperative units, nursing homes, hotel rooms, hospital rooms, or mobile homes

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 Top 50 Managers

Greystar

Historical Data

Regions of Operation

CEO

Company Website

Other Lists

Housing Units Breakdown

Asset Living

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

Willow Bridge Property Company (fka Lincoln Property Company)

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

RPM Living

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

Cushman & Wakefield

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

FPI Management

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

AMC*

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

Avenue5 Residential LLC

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

Bozzuto

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

WinnCompanies

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

BH Management Services

Historical Data

Regions of Operation

CEO

Company Website

Housing Units Breakdown

MAA

Historical Data

Regions of Operation

CEO

Company Website

Other Lists

Housing Units Breakdown

ZRS Management LLC

Historical Data

Regions of Operation

CEO

Company Website