2018 Developer List

2018 Rankings

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Developer Rank 2018	Developer Rank 2017	Company Name	Units Started 2018	Units Started 2017	Corporate Officer	HQ City	HQ State
1	1	Greystar Real Estate Partners	5651	7673	Robert A. Faith	Charleston	SC
2	4	Mill Creek Residential	5293	5081	William C. MacDonald	Dallas	TX
3	8	Wood Partners	5191	3468	Joe Keough	Atlanta	GA
4	2	Alliance Residential	5170	7104	Bruce Ward and V. Jay Hiemenz	Phoenix	AZ
5	6	Lincoln Property Company	5002	4343	Tim Byrne	Dallas	TX
6	5	Trammell Crow Residential	3863	4517	Kenneth J. Valach	Dallas	TX
7	3	LMC, a Lennar company	3742	6244	Todd Farrell	Charlotte	NC
8	10	Continental Properties Company, Inc.	3140	3175	James H. Schloemer	Menomonee Falls	WI
9		JPI	2832	1643	Mark Bryant	Irving	TX
10	9	The Michaels Organization	2768	3443	John J. O'Donnell	Marlton	NJ
11		StreetLights Residential	2607	896	Doug Chesnut	Dallas	TX
12	14	AvalonBay Communities, Inc.	2600	2732	Timothy J. Naughton	Arlington	VA
13	17	Wermers Companies	2500	2150	Thomas Wermers and Jeff Bunker	San Diego	CA
14	13	Woodfield Investments	2422	2937	Greg Bonifield	Mount Pleasant	SC
15	11	Hanover	2313	3102	John H. Nash	Houston	TX
16	20	The Bainbridge Companies	2240	2032	Richard Schechter	Wellington	FL
17	15	American Campus Communities	2219	2699	Bill Bayless	Austin	TX
18		ZOM Living	2207	1080	Greg T. West	Orlando	FL
19		Landmark Properties	2198		Wes Rogers	Athens	GA
20	16	Crescent Communities	2164	2389	Brian Natwick	Charlotte	NC
21		Prometheus Real Estate Group, Inc.	2088		Jackie Safier	San Mateo	CA
22	24	Billingsley Company	2065	1913	Lucy Billingsley	Dallas	TX
23		LDG Development	2027	1122	Chris Dischinger	Louisville	Ky
24	19	Holland Partner Group	2000	2053	Clyde Holland	Vancouver	WA
25		Picerne Development Corp	1955	1769	David R. Picerne	Phoenix	AZ

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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.

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NMHC 25 Largest Apartment Developers

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