2015 Owner List

2015 Rankings

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Order list by:

Owner Rank 2015	Owner Rank 2014	Company Name	Units Owned 2015	Units Owned 2014	Corporate Officer	HQ City	HQ State
1		Hunt Companies	244451	253295	Chris Hunt	El Paso	TX
2	2	Boston Capital	139934	153515	Jack Manning	Boston	MA
3	4	PNC Real Estate	130800	126972	Todd Crow	Portland	OR
4	5	Boston Financial Investment Management, LP	120146	124720	Kenneth Cutillo	Boston	MA
5	3	AIG Affordable Housing (formerly SunAmerica Affordable Housing Partners)	116247	130664	Douglas S. Tymins	Los Angeles	CA
6	6	Equity Residential	110063	109465	David J. Neithercut	Chicago	IL
7	7	The Richman Group Affordable Housing Corporation	105375	102098	Richard Paul Richman	Greenwich	CT
8	8	Enterprise Community Asset Management, Inc.	103181	99984	Charles R. Werhane	Columbia	MD
9	9	MAA	82268	82611	H. Eric Bolton, Jr.	Memphis	TN
10	10	AvalonBay Communities, Inc.	73182	72814	Timothy J. Naughton	Arlington	VA
11	12	Alliant Capital, Ltd.	71916	69361	Brian Goldberg	Woodland Hills	CA
12	14	Edward Rose Building Enterprise	59264	58319	Warren Rose	Bloomfield Hills	MI
13	17	Raymond James Tax Credit Funds, Inc.	59039	52799	Steve Kropf	St. Petersburg	FL
14	13	Camden Property Trust	58948	59899	Richard J. Campo	Houston	TX
15	36	Essex Property Trust, Inc.	56620	33560	Michael J. Schall	Palo Alto	CA
16	19	The Related Companies	53727	51320	Jeff Blau	New York	NY
17	11	Aimco	52336	60553	Terry Considine	Denver	CO
18	29	BH Equities LLC	52044	39383	Harry Bookey	Des Moines	IA
19	20	WNC & Associates, Inc.	51865	50077	Wilfred N Cooper, Jr.	Irvine	CA
20	16	J.P. Morgan Asset Management	51416	52972	Allina Boohoff	New York	NY
21	18	UDR, Inc.	50268	51159	Thomas W. Toomey	Highlands Ranch	CO
22	22	Lincoln Property Company	48705	47918	Tim Byrne	Dallas	TX
23	21	Forest City Residential Group, Inc.	47884	48007	Ronald A. Ratner	Cleveland	OH
24	24	The Michaels Organization	46662	46405	John J. O'Donnell	Marlton	NJ
25	25	Balfour Beatty Communities	44797	43971	Christopher Williams	Marvern	PA
26	27	Home Properties, Inc.	42107	42170	Edward J. Pettinella	Rochester	NY
27	30	Weidner Apartment Homes	41175	38366	Jack O'Connor	Kirkland	WA
28	31	UBS Realty Investors LLC	40424	37959	Matthew Lynch	Hartford	CT
29	28	Greystar Real Estate Partners, LLC	39637	40544	Robert A. Faith	Charleston	SC
30	33	Fairfield Residential Company LLC	37095	36130	Chris Hashioka	San Diego	CA
31	34	Heitman LLC	34111	36111	Maury Tognarelli	Chicago	IL
32	37	American Campus Communities	33499	33434	Bill Bayless	Austin	TX
33	39	Invesco Real Estate	32642	32155	Michael Kirby	Dallas	TX
34	41	Harbor Group International	32000	30489	Robert Friedman, President	Norfolk	VA
35	15	JRK Property Holdings, Inc.	31852	53373	Jim Lippman	Los Angeles	CA
36	43	Morgan Properties	31500	27488	Jonathan Morgan	King of Prussia	PA
37	38	Westdale Real Estate Investment & Management	30797	32328	Joseph G. Beard	Dallas	TX
38	40	Sentinel Real Estate Corporation	30000	32000	John H. Streicker	New York	NY
39	45	Bridge Investment Group Partners	29829	26180	Christian V. Young	Salt Lake City	UT
40		Steadfast Companies	28709	25024	Christopher Hilbert	Irvine	CA
41	46	AEW Capital Management, L.P.	27230	25861	Jeffrey Furber	Boston	MA
42	49	Milestone Management, LLC	25359	24858	Steve Lamberti	Dallas	TX
43		Cortland Partners, LLC	25358	18785	Steven Defrancis	Atlanta	GA
44	47	Southern Management Corporation	25114	25114	David Hillman	Vienna	VA
45	42	Berkshire Property Advisors	23466	28893	Alan King	Boston	MA
46	50	Alliance Residential Company	23255	23133	Bruce Ward & V. Jay Hiemenz	Phoenix	AZ
47	26	Bell Partners Inc.	23071	43966	Steven D. Bell and Jonathan D. Bell	Greensboro	NC
48	48	Highridge Costa Investors, LLC	23056	24891	Michael A. Costa	Gardena	CA
49		FPA Multifamily	22800	20982	Gregory A Fowler	San Francisco	CA
50		GID	22445	22777	William H Roberts	Boston	MA

NMHC Partners with Kingsley Associates to administer the NMHC 50 Survey. For more information on the services they provide please visit www.kingsleyassociates.com.

What is Ownership?

Owners include: Owners (partial or full) of multifamily (defined as five or more units) rental properties, including independent living and age-restricted housing. In the case of partnerships and investment funds, the owner is the entity – typically the managing general partner – that exercises effective control over the asset.

Owners do NOT include:

Syndicators - firms that purchase tax credits in order to serve as a general partner with a minority interest
Investment fund managers that do not exercise effective control over the units
Pension fund advisors that do not exercise effective control over the units
General partners for investors who serve as limited partners
Owners of condominiums, cooperatives, hotel rooms, nursing homes, hospital rooms and mobile homes

What counts as units?

Units that are in the United States only
Unit counts, not bed counts

Historical Data

Regions of Operation

NMHC 50 Largest Apartment Owners

Historical Data

Change from last year

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Regions of Operation

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Housing Units Breakdown