Greystar Tops 2019 NMHC 50 As Largest Apartment Manager For Ninth Consecutive Year
National Multifamily Housing Council (NMHC) Ranks Greystar in Top 10 in Four Categories Including Top Apartment Owners, Top Developers and Top Builders
Charleston, S.C. (April 17, 2018) – 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 ninth consecutive year in the National Multifamily Housing Council’s 30th annual 2019 NMHC 50, the authoritative ranking of the nation’s 50 largest apartment owners and managers. In all, the company was recognized in four categories including the top owners list, where it ranked seventh – up nine spots from 2018.
The NMHC has also recognized Greystar as a top-five apartment developer for the last five years, awarding it third in the category for 2019. Moreover, the company remains one of the nation’s top builders, coming in 10th in this year’s ranking.
“Greystar’s achievements are made possible by our team members’ dedication to providing excellent service to our residents, clients and partners while establishing Greystar as an industry leader in markets across the globe,” said Bob Faith, Founder and CEO of Greystar. “We are thrilled and grateful for the continued recognition from NMHC and look forward to continuing to evolve and advance our strategic priorities in the coming 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, 2019, while developers and general contractors are ranked based on the number of units started in 2018.
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 management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $115 billion of real estate in over 180 markets globally including offices throughout the United States, UK, Continental Europe, Latin America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing approximately 500,000 units/beds, and has a robust institutional investment management platform with $32 billion of assets under management including $12 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. We bring together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for 39 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, email the Council at firstname.lastname@example.org, or visit NMHC's web site at www.nmhc.org.
About Kingsley Associates
Since 1985, real estate leaders have turned to Kingsley Associates to maximize their portfolio and organizational performance. Our comprehensive suite of research and benchmarking tools assess firm performance and competitive position based on direct feedback from key stakeholders. Kingsley's primary services include resident and tenant experience surveys, employee engagement studies, client /investor experience surveys, and peer benchmarking programs. In response to the need for performance-based benchmarks, Kingsley Associates developed the Kingsley IndexSM, which is now the largest and most comprehensive database of customer satisfaction metrics available to the real estate industry. To learn more, please visit our website kingsleyassociates.com or email at email@example.com.
ICR on behalf of Greystar