CHARLESTON, S.C.--(BUSINESS WIRE)--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 eighth consecutive year in the National Multifamily Housing Council’s 29th annual 2018 NMHC 50, the authoritative ranking of the nation’s 50 largest apartment owners and managers.
In addition, Greystar was recognized as the top apartment developer for the second year in a row. The company also remains one of the largest apartment owners, ranking 16th – up from 19th last year – and featured on the top builders list, coming in sixth.
“Greystar’s success is truly a team effort, and we are very thankful for our team members’ ongoing commitment to providing superior service to our residents, clients, partners and the community,” said Bob Faith, Founder and CEO of Greystar. “We are also very honored and grateful for the continued recognition from the NMHC and look forward to another banner year.”
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, 2018, while developers and general contractors are ranked based on the number of units started in 2017.
For more details about the NMHC 50, visit www.nmhc.org/The-NMHC-50.
Greystar is a leading, fully integrated multifamily 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, Latin America and Asia-Pacific, Greystar operates in over 130 markets globally and is the largest operator of apartments in the United States, managing over 420,000 units, with an aggregate estimated value of approximately $80 billion. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $23 billion in gross assets under management including more than $8 billion of developments that have been completed or are 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.