The largest owner of multifamily properties is Greystar.
Greystar, headquartered in Charleston, SC, holds the top position in multifamily ownership. As of January 1, 2024, the company owned a remarkable 108,566 units, solidifying its standing as the industry's leading proprietor. This significant portfolio demonstrates Greystar's extensive reach and dominant presence in the residential real estate market.
Top Multifamily Owners in 2024
The multifamily sector features several large entities, but Greystar consistently leads in terms of owned units. The scale of these companies reflects the immense demand and investment in rental housing across the United States.
Here's a snapshot of the top owners based on their unit count as of January 1, 2024:
| Rank | Company | Headquarters | Units Owned (2024) |
|---|---|---|---|
| 1. | Greystar | Charleston, SC | 108,566 |
| 2. | MAA | Germantown, TN | 100,894 |
| 3. | Morgan Properties | King of Prussia, PA | 92,935 |
| 4. | Nuveen | West Hartford, CT | 84,697 |
Source: Multifamily Executive Magazine
Understanding Multifamily Ownership Scale
The ownership of a large volume of multifamily units signifies several key aspects of the real estate business:
- Market Dominance: Companies like Greystar often have operations spanning across major metropolitan areas, allowing them to capitalize on diverse rental markets.
- Operational Efficiency: Managing over 100,000 units requires sophisticated operational systems for property management, maintenance, and tenant services.
- Investment Capacity: The ability to acquire and develop such a vast portfolio indicates significant financial resources and strategic investment capabilities.
- Economic Influence: These large owners play a substantial role in local economies, providing housing options and employment opportunities within the communities they serve.
The top owners continually adapt to market trends, resident demands, and economic shifts to maintain their competitive edge and expand their portfolios.
