Before the outbreak of COVID-19 and the related economic weakening, the multifamily industry and the sector’s fundamentals were as healthy as they had been in years, as demonstrated by the National Multifamily Housing Council’s (NMHC) just-released 2020 NMHC 50. The annual roster ranks the nation’s largest apartment owners, managers, developers, builders and syndicators.

Among the industry leaders were the following:

• MAA, the country’s largest apartment owner with 100,031 apartment homes owned, breaking the 100,000-unit mark for the second consecutive year.
• Greystar Real Estate Partners, the largest apartment manager with 492,967 apartments under management.
• Alliance Residential, retaining its place as the largest apartment developer with 8,009 apartments started in 2019.
• Summit Contracting Group, once again the country’s highest-producing apartment builder, starting 9,065 apartments in 2019.
• PNC Real Estate, continuing as the nation’s largest apartment tax credit syndicator, with 132,179 apartments syndicated.

“As is evident from the growth on this year’s builders and developers lists, the industry is continuing the pace of production to meet the needs of pent-up demand from years past,” said NMHC’s Caitlin Sugrue Walter. “In addition, apartment transaction volume surpassed $100 billion for what’s now the seventh consecutive year.”

Pictured: A Greystar property in Redwood City, CA.

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