| Who Owns the Nation's Apartment Units | ||||
|---|---|---|---|---|
| All Properties | 2-4 Unit Properties | 5-49 Unit Properties | 50+ Unit Properties | |
| Individual Investor | 48% | 77% | 34% | 7% |
| LLP, LP, LLC, or General Partnership | 36% | 15% | 47% | 68% |
| Real Estate Investment Trust (REIT) | 2% | 0% | 1% | 2% |
| Real Estate Corporation | 3% | 0% | 4% | 7% |
| Nonprofit Organization/Housing Cooperative/Tenant in Common | 4% | 2% | 4% | 9% |
| Trustee for Estate | 3% | 5% | 6% | 1% |
| Other | 2% | 1% | 2% | 3% |
| Not Reported | 2% | 0% | 3% | 3% |
| Total | 100% | 100% | 100% | 100% |
|
Source: U.S. Department of Housing and Urban Development and U.S. Census Bureau, Rental Housing Finance Survey. Updated 9/2017. |
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| Source: U.S. Bureau of the Census, 2015 County Business Patterns Note: Figures are primarily for apartment management but also include management of condominiums and single-family rental properties. An establishment is a single physical location at which business is conducted; a company or enterprise may have multiple establishments. Individual properties leased or managed by property lessors or property managers are not normally considered separate establishments, but rather the permament offices from which the properties are leased or managed are considered establishments. "Lessors of Residential Buildings" (NAICS code 531110) comprises establishments primarily engaged in acting as rental agents for apartments and other rental housing. The establishments in this category include owner-lessors; establishments in this category may manage the property themselves or have another establishment manage it for them. "Residential Property Managers" (NAICS code 531311) comprises establishments primarily engaged in managing residential real estate for others. Establishments and employees are assigned to only one industry, so there is no double counting in the figures above. Neither of these listings include establishments or employees of Real Estate Investment Trusts, which are treated by the Census Bureau as a separate industry. Updated 7/2017. |
