CHARLESTON, S.C.–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.
For more details about the NMHC 50, visit www.nmhc.org/The-NMHC-50.
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing approximately 425,000 units in over 160 markets globally. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $13 billion in gross assets under management including $5.7 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.
NMHC provides leadership for the apartment industry on legislative and regulatory matters, advances research and the exchange of strategic business information, and promotes the desirability of apartment living. For those interested in joining the apartment industry’s premier organization, NMHC welcomes inquiries to its Washington office at 202.974.2300, or you can visit NMHC’s web site at www.nmhc.org.