Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of rental housing properties, is pleased to announce that it has been recognized as the top ranked apartment manager for the sixth consecutive year in the National Multifamily Housing Council’s 27th annual 2016 NMHC 50, the authoritative ranking of the nation’s 50 largest apartment owners and managers.
Greystar remains at the top of the manager list after adding 20,600 units to its portfolio and becoming the first property manager to break the 400,000-unit threshold. In addition, Greystar was recognized in the top five for apartment developers, up from eighth in 2015; remains one of the largest apartment owners ranking 32th; and debuted on the general contractors list coming in 21st.
“At Greystar, we never set out to be the biggest, but instead have always focused on trying to be the best,” said Bob Faith, Founder and CEO of Greystar. “We are honored that our team members’ ongoing commitment and focus on our residents, clients and partners has led to this recognition.”
NMHC partners with Kingsley Associates, a leading real estate research and consulting firm for the NMHC 50’s research and analysis. All apartment owners, managers, developers, and contractors are invited to answer a survey questionnaire that asks about their prior year activities. Apartment owners and managers are ranked based on their portfolio holdings (either owned or managed) as of January 1, 2016, while developers and general contractors are ranked based on the number of units started in 2015.