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2018 NMHC 50 Rankings Reveal Sector Strength, Continued Apartment Growth

The 2018 NMHC 50 rankings are out, and it reveals the apartment sector continued its strong economic run last year. National Multifamily Housing Council (NMHC) places Memphis, TN-based MAA as the country’s largest apartment owner, with 99,792 apartment homes owned.

NMHC’s Mark Obrinsky says, “Strong underlying demand and investment performance metrics continue to buoy the market. “While there may have been some signs of deceleration and market leaders have shifted strategies, the industry’s fundamentals remain robust.”

Charleston, SC-based Greystar Real Estate Partners remained the largest apartment manager, with 418,475 apartments under management. Greystar also remained the top apartment developer, with 5,651 apartments started in 2017.

Jacksonville-based Summit Contracting Group, Inc. took the spot as the nation’s top third-party apartment builder, starting 6,053 apartments in 2017, while Denver-based Alden Torch Financial continued as the country’s largest apartment tax credit syndicator, with 162,123 apartments syndicated.

NMHC Top Owners

NMHC Top Developers

NMHC Top Managers

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Inside The Story

Read more at 2018 NMHC 50 RankingsConnect With NMHC’s Obrinsky

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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