NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Balfour Beatty Communities, LLC, a leading provider of property management, development and related real estate services for the multifamily, military, and student housing markets, demonstrated growth in all sectors across 2013 and it showed in the recently published 2014 NMHC 50, National Multi-Housing Council’s annual industry ranking of the top 50 apartment owners and managers nationwide. With more than 44,500 units under management, Balfour Beatty Communities moved up to the 23rd spot on the 50 Largest Apartment Managers list, and placed 25th on the 50 Largest Apartment Owners list with close to 44,000 owned units.
Balfour Beatty Communities added more than 5,500 units to the portfolio in 2013 as part of its continued growth in military housing and more recent expansion into both the multifamily and student housing sectors throughout the U.S.
“We are very pleased with the continued growth of both our managed and owned portfolios in multifamily, military and student housing,” said Terri Edelman, executive vice president of Balfour Beatty Communities. “We bring a unique perspective, proven approach and the best team in the business to all of our properties and the market has responded favorably. We look forward to continuing this growth trajectory in 2014 and beyond.”
Based in Washington, D.C., NMHC is a national association representing the interests of the larger and most prominent apartment firms in the United States. NMHC partners with Kingsley Associates, a leading real estate research and consulting firm, for the NMHC 50’s research and analysis. Complete 2014 rankings and detailed analysis are available at http://www.nmhc.org/Content.cfm?ItemNumber=62184&NavID=587.
About Balfour Beatty Communities
Balfour Beatty Communities, LLC is a diversified real estate services company delivering development, design, financing, construction, renovation, property and facilities management services in the multifamily, student and military housing sectors. A leader in the industry, Balfour Beatty Communities has more than 44,000 residential units and $5.5 billion in real estate assets under management and has developed or renovated more than 27,000 units with a total value of close to $4 billion. Headquartered outside Philadelphia, PA, Balfour Beatty Communities has more than 1,200 employees and is a subsidiary of Balfour Beatty Investments, Inc.
Balfour Beatty Investments is part of Balfour Beatty plc, a global leader in professional services, construction services, support services, and infrastructure investment, with more than $17 billion in annual revenues.