2017 Developer List

2017 Rankings

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Developer Rank 2017	Developer Rank 2016	Company Name	Units Started 2016	Units Started 2015	Corporate Officer	HQ City	HQ State
1	5	Greystar Real Estate Partners, LLC	7673	4699	Robert A. Faith	Charleston	SC
Historical Data Regions of Operation Coroporate Officer(s) Robert A. Faith Company Website www.greystar.com Other Lists Top Manager 2017 Top Owner 2017 Top Builder 2017
2	1	Alliance Residential Company	7104	7765	Bruce Ward and V. Jay Hiemenz	Phoenix	AZ
Historical Data Regions of Operation Coroporate Officer(s) Bruce Ward and V. Jay Hiemenz Company Website www.allresco.com Other Lists Top Manager 2017 Top Owner 2017 Top Builder 2017
3	6	LMC, a Lennar company	6244	4582	Todd Farrell	Charlotte	NC
Historical Data Regions of Operation Coroporate Officer(s) Todd Farrell Company Website www.livelmc.com Other Lists Top Builder 2017
4	2	Mill Creek Residential Trust, LLC	5081	6567	Charles R. Brindell and William C. MacDonald	Dallas	TX
Historical Data Regions of Operation Coroporate Officer(s) Charles R. Brindell and William C. MacDonald Company Website www.mcrtrust.com Other Lists Top Builder 2017
5	4	Trammell Crow Residential	4517	4841	Kenneth J. Valach	Dallas	TX
Historical Data Regions of Operation Coroporate Officer(s) Kenneth J. Valach Company Website www.tcr.com Other Lists Top Builder 2017
6	9	Lincoln Property Company	4343	3449	Tim Byrne	Dallas	TX
Historical Data Regions of Operation Coroporate Officer(s) Tim Byrne Company Website www.lincolnapts.com Other Lists Top Manager 2017 Top Owner 2017
7	11	The NRP Group, LLC	3720	1785	J. David Heller	Cleveland	OH
Historical Data Regions of Operation Coroporate Officer(s) J. David Heller Company Website www.nrpgroup.com Other Lists Top Builder 2017
8	3	Wood Partners, LLC	3468	5622	Joe Keough	Atlanta	GA
Historical Data Regions of Operation Coroporate Officer(s) Joe Keough Company Website www.woodpartners.com Other Lists Top Owner 2017 Top Builder 2017
9	13	The Michaels Organization	3443	2880	John J. O'Donnell	Marlton	NJ
Historical Data Regions of Operation Coroporate Officer(s) John J. O'Donnell Company Website www.themichaelsorg.com Other Lists Top Manager 2017 Top Owner 2017
10		Continental Properties Company, Inc.	3175	2896	James Schloemer	Menomonee Falls	WI
Historical Data Regions of Operation Coroporate Officer(s) James Schloemer Company Website www.cproperties.com
11	12	Hanover Company	3102	3017	John H. Nash	Houston	TX
Historical Data Regions of Operation Coroporate Officer(s) John H. Nash Company Website www.hanoverco.com
12		Fairfield Residential Company, LLC	3007	1536	Gregory R. Pinkalla	San Diego	CA
Historical Data Regions of Operation Coroporate Officer(s) Gregory R. Pinkalla Company Website www.fairfieldresidential.com Other Lists Top Manager 2017 Top Owner 2017 Top Builder 2017
13	22	Woodfield Development	2937	1776	Greg Bonifield	Mount Pleasant	SC
Historical Data Regions of Operation Coroporate Officer(s) Greg Bonifield Company Website www.WoodfieldInvestments.com
14	7	AvalonBay Communities, Inc.	2732	3758	Timothy J. Naughton	Arlington	VA
Historical Data Regions of Operation Coroporate Officer(s) Timothy J. Naughton Company Website www.avalonbay.com Other Lists Top Manager 2017 Top Owner 2017 Top Builder 2017
15		American Campus Communities	2699	1264	Bill Bayless	Austin	TX
Historical Data Regions of Operation Coroporate Officer(s) Bill Bayless Company Website www.AmericanCampus.com Other Lists Top Manager 2017 Top Owner 2017
16	20	Crescent Communities	2389	1863	Brian Natwick	Charlotte	NC
Historical Data Regions of Operation Coroporate Officer(s) Brian Natwick Company Website www.crescentcommunities.com
17		Wermers Companies	2150	1600	Thomas Wermers and Jeff Bunker	San Diego	CA
Historical Data Regions of Operation Coroporate Officer(s) Thomas Wermers and Jeff Bunker Company Website www.wermerscompanies.com Other Lists Top Builder 2017
18		Miller-Valentine Group	2101	419	David Liette	Cincinnati	OH
Historical Data Regions of Operation Coroporate Officer(s) David Liette Company Website www.mvg.com Other Lists Top Builder 2017
19	8	Holland Residential	2053	3536	Clyde Holland	Vancouver	WA
Historical Data Regions of Operation Coroporate Officer(s) Clyde Holland Company Website www.hollandpartnergroup.com
20		The Bainbridge Companies	2032	672	Richard Schechter	Wellington	FL
Historical Data Regions of Operation Coroporate Officer(s) Richard Schechter Company Website www.bainbridgecompanies.com Other Lists Top Builder 2017
21	24	The Dinerstein Companies	1966	1748	Brian Dinerstein	Houston	TX
Historical Data Regions of Operation Coroporate Officer(s) Brian Dinerstein Company Website www.dinersteincompanies.com
22		Fore Property Company	1959	1222	Jonathan Fore	Las Vegas	NV
Historical Data Regions of Operation Coroporate Officer(s) Jonathan Fore Company Website www.foreproperty.com Other Lists Top Builder 2017
23	10	Forest City Residential Group, Inc.	1808	3352	Ronald A. Ratner	Cleveland	OH
Historical Data Regions of Operation Coroporate Officer(s) Ronald A. Ratner Company Website www.forestcity.net Other Lists Top Owner 2017
24		Billingsley Company	1798	542	Lucy Billingsley	Dallas	TX
Historical Data Regions of Operation Coroporate Officer(s) Lucy Billingsley Company Website www.billingsleyco.com Other Lists Top Builder 2017
25		Related Development, LLC	1788	1643	Steve Patterson	Miami	FL
Historical Data Regions of Operation Coroporate Officer(s) Steve Patterson Company Website www.relatedgroup.com

Developer rankings are produced using the number of units started by the company for its own account in 2016, as reported by the company’s responsible party completing the survey.The 2017 NMHC 50 was produced in association with Kingsley Associates and appeared in the April 2017 issue of Multifamily Executive.

Who is a Developer?

A Developer is the firm responsible for the entire process related to the development of a new multifamily (defined as five or more units) rental community (including independent living and age-restricted housing). The developer controls everything from preliminary planning to obtaining financing to preparing the community for delivery to the market, and typically is responsible for selection of the builder. Units are started for the developer's own account, and upon completion of units, the developer will be the owner of the units. This includes developers who may sell their property after the units have been leased.

View all definitions and the methodology behind NMHC 50 lists.

NMHC 25 Largest Apartment Developers

Greystar Real Estate Partners, LLC

Historical Data

Regions of Operation

Coroporate Officer(s)

Company Website

Other Lists

Alliance Residential Company

Historical Data

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Coroporate Officer(s)

Company Website

Other Lists

LMC, a Lennar company

Historical Data

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Coroporate Officer(s)

Company Website

Other Lists

Mill Creek Residential Trust, LLC

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Coroporate Officer(s)

Company Website

Other Lists

Trammell Crow Residential

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Coroporate Officer(s)

Company Website

Other Lists

Lincoln Property Company

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Company Website

Other Lists

The NRP Group, LLC

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Company Website

Other Lists

Wood Partners, LLC

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Company Website

Other Lists

The Michaels Organization

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Coroporate Officer(s)

Company Website

Other Lists

Continental Properties Company, Inc.

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Company Website

Hanover Company

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Company Website

Fairfield Residential Company, LLC

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Company Website

Other Lists

Woodfield Development

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Company Website

AvalonBay Communities, Inc.

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Coroporate Officer(s)