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Multifamily Continued Strong Economic Run in 2017
The National Multifamily Housing Council (NMHC) just issued its NMHC 50, a ranking containing the nation’s top 50 apartment owners and managers, as well as the top developers, builders and syndicators. The report also indicated that, perhaps unsurprisingly, the multifamily sector continued its strong economic run in 2017.
Here are some of the metrics from the report:
Meanwhile:
• MAA was the largest apartment owner (99,792 units)
• Greystar Real Estate Partners was the largest apartment manager (418,475 apartments) and the largest apartment developer (development on 5,651 apartments launched in 2017)
• Summit Contracting Group Inc. was the largest third-party builder (6,053 units begun in 2017)
• Alden Torch Financial was the largest apartment tax credit syndicator (162,123 units syndicated)
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