While there wasn’t a lot of movement on this year’s Managers list, RPM Living broke into the top 10 and RangeWater Real Estate jumped 16 spots in rank. In addition, GID and Independence Realty Trust made their way onto the list for the first time this year.
NMHC 50 Managers Summary
The number of units managed by the Top 50 managers has been growing more rapidly in recent years, increasing by nearly 1 million (979k) units in the past five years alone.
Renter Preferences: Property Management Has A Major Influence On Leasing
As testament to the multifamily industry’s increasing sophistication, renters are becoming more aware of their management companies’ name, brand and reputation. In fact, nearly half (45 percent) of renter respondents to a recent NMHC/Grace Hill survey indicated that their management company’s reputation is “very important” in their future leasing decisions; almost another quarter (24 percent) said it was “absolutely essential.”
Portfolio Size Measures
No. 1 Vs. No. 50 Over Time
Movers and Shakers
New to the List
Independence Realty Trust