Top 30 Multifamily Property Management Companies of 2020
- Aug 06, 2020
You can also read our other Top Property Managers rankings.
|Rank||Company||Units Managed 2019||Units Managed 2018||Portfolio Occupancy||Owner/Third-Party Mgr.||Diversity|
|1||Greystar Real Estate Partners LLC||536,342||491,715||93.3%||O/M||A, MR, St, Se|
|2||BH Cos.||90,074||79,990||94.0%||O/M||A, MR, Se|
|3||Lincoln Property Co.||203,342||191,669||93.4%||O/M||A, MR, X|
|4||Pinnacle Property Management Services||164,486||162,923||96.0%||M||A, MR|
|5||Bozzuto||73,600||69,600||94.0%||O/M||A, MR, L, Se, X|
|7||Cortland||58,973||50,361||91.2%||O/M||A, MR, Se|
|8||RangeWater Real Estate||42,566||27,390||89.4%||O/M||A, MR|
|9||FPA Multifamily||37,335||28,500||94.0%||O||A, MR, L, St|
|10||Essex Property Trust Inc.||60,570||59,661||97.1%||O||MR|
|11||Edward Rose Building Enterprise||65,600||64,662||–||O||A, MR, Se, X|
|12||Camden Property Trust||56,107||55,160||96.0%||O||MR|
|13||ConAm Management Corp.||49,636||52,261||93.0%||O/M||A, MR, L, Se|
|14||Balfour Beatty Communities||49,106||49,704||95.0%||O/M||MR, St|
|15||Fairfield Residential LLC||35,486||33,628||92.0%||O/M||A, MR, L, Se|
|16||Harbor Group Management Co. LLC||31,837||30,956||94.0%||O/M||A, MR, L, St|
|17||Hunt Cos. Inc.||33,924||34,057||94.0%||O||MR, X|
|18||AMLI Residential||24,997||23,285||92.6%||O||A, MR|
|19||RKW Residential||19,935||14,599||94.5%||M||A, L|
|20||Carroll Org.||32,952||33,697||93.5%||O/M||A, MR|
|21||Envolve||24,957||30,669||93.0%||O/M||A, MR, L, St, Se|
|22||Kettler||20,000||18,500||95.4%||O/M||A, MR, L|
|23||The Inland Real Estate Group of Cos. Inc.||19,920||17.149||92.0%||O||MR, St, Se, X|
|24||SVN International Corp.||18,647||12,669||93.0%||M||MR|
|25||Northland Investment Corp.||24,964||25,037||93.4%||O/M||MR|
|26||Kirkpatrick Management Co.||8,700||7,800||97.0%||M||A|
|27||Flaherty & Collins Properties||14,561||17,610||94.0%||O/M||A, MR, L, St|
|28||BlackRock Inc.||12,555||12,777||88.0%||O/M||A, MR, St, Se|
|29||Habitat America||9,008||8,756||96.0%||M||A, MR, L, Se|
|30||Dalcor Affordable Housing I LLC||4,222||4,222||96.0%||O||A|
Key: A= Affordable Housing, MR= Market Rate, L= Luxury, St= Student Housing, Se= Senior Housing, X= Other
Though we make every effort to include all major property management companies, several notable firms (among them Alliance Residential, MAA and Related Cos.) did not participate this year.
To be included in upcoming surveys, email Jeff Hamann at email@example.com.
Operations in a Changing Landscape
By Madeline Winship, Senior Research Analyst, Yardi Matrix
When COVID-19 hit, property managers responded quickly with virtual tours, self-guided tours, online leasing and stepped-up cleaning protocols. Now that the focus has shifted toward reopening, they are creatively managing the use of amenities spaces and maintenance requests while developing long-range plans for making building healthier.
This year’s list of the Top 30 Multifamily Property Management Companies is a mix of third-party service providers and owner-operators, as in previous years. Greystar took the top spot in our rankings for the second year in a row with 536,342 units managed, a nearly 10 percent increase in its portfolio size compared to the year before. BH Cos. and Lincoln Property Co. rounded out our Top 3, each boasting strong portfolios encompassing a diverse mix of multifamily assets. More than half of our Top 30 property managers operate affordable units, and many of the companies on the list additionally manage student and senior housing properties. Of the 10 property management companies at the top of the list, nine have assets in three or more regions of the United States, and three manage international multifamily assets.
Occupancy across participating companies’ portfolios averaged 94 percent. This figure is reflective of 2019 occupancy and could very well decrease in 2020 as a result of economic fallout stemming from the coronavirus pandemic. As the sector continues to adjust, effective property management will remain the bedrock of successful multifamily investment strategies.
The Top 30 Multifamily Property Management Companies of 2020 ranking utilized self-reported data for all firms. The ranking was calculated using a weighted formula based on a variety of factors, including the total square footage and number of properties under management, property operations (both owned and managed) and visibility in property sectors. The ranking represents what we feel is a logical balance between firm growth, market share and property diversity. Ranking factors are not limited to the data that appear on this page.
You’ll find more on this topic in the CPE-MHN 2020 Midyear Update.