Top Multifamily Property Management Firms 2021

You can also read our other Property Management Firms rankings.

Rank Company Units Managed 2020 Units Managed 2019 Portfolio Occupancy Owner/Third-Party Mgr. Diversity
1 Greystar Real Estate Partners 728,910 536,342 91.9% O/M A, MR, St, Se
2 Lincoln Property Co. 210,183 203,342 92.7% O/M A, MR, X
3 Cushman & Wakefield 171,713 2,650 M A, MR
4 Bozzuto 80,317 73,600 91.0% O/M A, MR, L
5 BH Cos. 90,926 90,074 94.1% O/M A, MR, St
6 Morgan Properties 73,428 54,125 94.4% O/M MR
7 Avenue5 Residential 75,872 67,858 93.7% M A, MR, L, X
8 Edward Rose Building Enterprise 67,016 65,600 95.0% O A, MR, Se, X
9 Cortland 63,915 58,973 89.7% O/M A, MR, Se
10 Essex Property Trust 61,554 61,782 96.5% O MR
11 Camden Property Trust 56,850 56,107 95.0% O MR
12 UDR 52,589 51,294 95.9% O A, MR, L
13 Balfour Beatty Communities 50,413 49,106 95.0% O/M MR, St
14 The Related Cos. 65,401 O/M A, MR
15 Harbor Group International 40,538 31,837 94.7% O/M A, MR
16 TCN Worldwide 60,864 O/M MR
17 Dominium 35,072 34,743 95.6% O/M A, MR, L, Se
18 FPA Multifamily 40,200 36,500 92.0% O A, MR, L, St
19 GID/Windsor Property Management 37,387 36,557 94.8% O A, MR
20 SVN International Corp. 19,804 18,647 94.0% M A, MR, L, St, Se
21 RKW Residential 22,781 19,935 94.3% M A, L
22 Envolve 32,337 24,957 91.0% O/M A, MR, L, St, Se
23 Hines 6,528 224 64.0% O MR, L, St, Se
24 The Bainbridge Cos. 20,000 17,500 94.0% O/M MR, L, St
25 Hunt Cos. 33,887 33,924 91.0% O MR, X
26 Timberland Partners 17,466 15,935 96.1% O A, MR, L
27 Carroll Organization 26,983 32,952 94.2% O/M A, MR
28 The Inland Real Estate Group of Cos. 21,937 19,920 87.0% O MR, St, Se, X
29 Northland Investment Corp. 24,809 24,723 92.5% O/M A, MR, L
30 Habitat America LLC 9,636 9,008 98.0% M A, MR, L, Se
31 Brookfield Properties 23,059 18,071 92.0% O/M A, MR
32 AMLI Residential 18,702 17,399 92.1% O L
33 Block Real Estate Services 6,824 5,211 96.8% O/M MR, L
34 BlackRock 14,799 12,555 89.2% A, MR, St, Se
35 The Breeden Co. 8,699 8,217 97.0% O/M MR, L
36 Freeman Webb Co. 14,622 13,781 93.0% O/M A, MR, Se
37 BRIDGE Housing 9,529 8,968 96.2% O A, MR
38 Kettler 19,309 19,679 O/M A, MR, L
39 GMH Communities 7,341 7,341 87.0% O/M L, St
40 Cascade Management 7,301 6,747 96.0% M A, MR, Se

Key: A= Affordable Housing, MR= Market Rate, L= Luxury, St= Student Housing, Se= Senior Housing, X= Other

Though we make every effort to include all major property management companies, several notable firms (among them Alliance Residential, MAA and AvalonBay) did not participate this year.

To be included in upcoming surveys, email Jeff Hamann at jeffrey.hamann@cpe-mhn.com. 

Through the Storm

During a challenging 2020, multifamily property management firms were positioned right at the center of the turmoil. They were tasked with efficiently operating properties while addressing the heightened safety concerns of residents and staff. 

Multifamily properties performed well over the past year, particularly those in suburban zones and the Sun Belt. Assets in gateway markets struggled, however, with rent growth decelerating as demand shifted away from urban cores across the country. Although the sector is well on its way to recovery, the importance of using an established property management firm to navigate the coming years remains top of mind.

This year’s Top Multifamily Property Management Companies includes 40 companies with a combined 2.4 million units under management. The portfolios of our participants increased by more than 25 percent between 2019 and 2020, as firms continued expanding footprints across regions and asset types. Our respondents had an overall occupancy rate of 93 percent, despite wider economic challenges.

Greystar tops our list this year with almost 730,000 units under management in 2020, a 36 percent increase from the year before. Rounding out the top three are Lincoln Property Co., with about 210,000 units under management, and Cushman & Wakefield, which grew its platform to 172,000 units after its acquisition of Pinnacle Property Management Services in early 2020.

Methodology

The Top 40 Multifamily Property Management Companies of 2021 ranking utilized self-reported data for all firms. The ranking was calculated using a weighted formula based on a variety of factors, including the total units and number of properties under management, property operations (both owned and managed) and presence across property sectors. The ranking represents what we feel is a logical balance between firm growth, market share and property diversity. Ranking factors are not limited to the data that appear on this page.

—Madeline Winthrop, Senior Research Analyst, Yardi Matrix

Read the MHN 2021 Midyear Guide.

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