MRI Clients Make the List – 2016 NMHC 50
Each year, the National Multifamily Housing Council (NHMC) publishes their ranking of the country’s largest apartment owners and managers. The report, rounding out its 27th year, provides a good benchmark for where the industry is going as well as the forecast for new trends. Based on the findings in the NMHC 50, the apartment industry (homes and properties) is soaring. According to the data, the number of renter households grew by 10.8 million in the past 10 years, and absorption of apartments has grown by 82%.
The fact that rentals are increasing means that the demand for ownership properties is decreasing. In fact, it is lower than it has been in nearly 50 years. This is driving developers and investors to put more energy into the multifamily sector, allowing the number of multifamily buildings with at least five units to reach its highest level in 28 years. NMHC attributes this growth to the multifamily industry’s strong fundamentals, which have attracted new players to the market.
The multifamily sector is growing rapidly and shows no signs of stopping. We are proud to see 22 MRI Software clients on the lists this year. Check them out below:
| Top 50 Managers | Top 50 Owners |
|---|---|
| Lincoln Property Company | Equity Residential |
| Equity Residential | AvalonBay Communities, Inc. |
| AvalonBay Communities, Inc. | The Related Companies |
| Asset Plus Companies | J.P. Morgan Asset Management |
| The Bozzuto Group | UDR, Inc. |
| The ConAm Group | Lincoln Property Company |
| UDR, Inc. | Forest City Residential Group, Inc. |
| The Related Companies | Prudential Real Estate Investors |
| Village Green | Morgan Properties |
| American Campus Communities | American Campus Communities |
| Forest City Residential Group, Inc. | Harbor Group International |
| Capstone Real Estate Services, Inc. | |
| The Lynd Company | |
| Morgan Properties | |
| The John Stewart Company | |
| Kettler Management | |
| ZRS Management, LLC | |
| Edgewood Management Corporation |
For a more in depth look at the 2016 NMHC 50, click here.
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