1. Greystar Real Estate Partners
Greystar Real Estate Partners stands out as the largest property management company globally, boasting a substantial presence since its founding in 1993 by Bob Faith. With over 23,800 team members operating across 247 global markets and 64 offices, Greystar has firmly established itself as a leader in the industry.
In 2022, the company managed 698,257 units, a figure that grew to 726,826 units in 2023. Headquartered in Charleston, SC, Greystar's expansive reach and commitment to excellence have solidified its position as a premier choice for property management solutions worldwide.
2. Willow Bridge (Formerly: Lincoln Property Company)
Willow Bridge, the second-largest property management company, has been a prominent player in the industry since its establishment in 1965. With its headquarters based in Dallas, TX, the company has grown significantly from its humble beginnings of 4,500 team members.
Today, Willow Bridge Company is one of the largest multifamily managers in the United States, overseeing over 180,000 units. Moreover, its prowess extends to development, having constructed almost 213,900 units over the years. With a substantial investment asset under management (AUM) amounting to $3 billion, Willow Bridge remains a key player in the real estate market.
3. Asset Living
Asset Living, the third-largest property management company, has been a cornerstone of the real estate industry since its establishment in 1968. With a workforce exceeding 8,000 employees, Asset Living has cultivated a reputation for excellence in property management services.
In 2023 alone, the company successfully managed 202,748 units, showcasing its capacity for effective management on a large scale. Headquartered in Houston, TX, Asset Living's strategic positioning allows it to efficiently oversee its extensive portfolio. Notably, Asset Living secured the No. 2 spot on the National Multifamily Housing Council's (NMHC) Top 50 Manager List for multifamily living, affirming its status as a top-tier player in the market.
4. Cushman & Wakefield
Cushman & Wakefield, the fourth largest property management company, started as a small family business in New York over a century ago. With a workforce of 52,000 team members, it has grown into a global powerhouse.
Headquartered in Dallas, TX, the company boasts a robust revenue of $9.5 billion in 2023. Operating across approximately 400 offices in 60 countries, Cushman & Wakefield is a key player in the real estate market. In 2023, they successfully managed 178,105 units, solidifying their position as leaders in property management worldwide.
5. FPI Management, Inc.
FPI Management, Inc, the fifth-largest property management company, was founded in 1968. Operating across 23 states and expanding, FPI Management has a widespread presence. In 2022, the company managed 140,210 units, a number that increased to 159,248 units in 2023. Headquartered in Folsom, CA, FPI Management is committed to delivering quality management services while continuing to expand its reach and impact in the real estate market.
6. RPM Living
RPM Living, Inc, the sixth-largest property management company, was founded in 2002 in Austin, TX. In 2023, it effectively managed 148,603 units, contributing to its impressive total of over 225,000 units managed across 45+ markets in the United States. With a focus on quality service and extensive market reach, RPM Living, Inc continues to establish itself as a prominent figure in the property management industry.
7. Apartment Management Consultants, LLC
Apartment Management Consultants, LLC, the seventh largest property management company, was founded in 2000. In 2023, they managed 130,776 units, and presently oversee 144,710 units across 31 states. With a workforce of 3,554 employees, Apartment Management Consultants, LLC operates from its headquarters in Cottonwood Heights, UT.
8. BH
BH ranks as the eighth largest property management company and boasts a legacy of more than 30 years. With a strong presence in the market, BH oversees 459 apartment communities and 30 student communities.
In 2023, the company effectively managed 107,774 units. Headquartered in Des Moines, IA, BH maintains a strategic base for its operations, ensuring efficient management across its diverse portfolio of properties.
9. WinnCompanies
WinnCompanies, the ninth-largest property management company, was founded in 1971 by Arthur Winn. Nearly 300,000 people call Winn-managed properties home, spread across 24 states, the District of Columbia, and Puerto Rico.
Notably, WinnCompanies has transformed 32 historic properties into 3,100 units of mixed-income housing in mixed-use communities. In 2023, WinnCompanies managed 105,673 units, demonstrating its extensive reach and commitment to providing quality housing solutions across diverse communities.
10. Avenue5 Residential
At number 10 on our list is Avenue5 Residential. The company ranked second on The Puget Sound Business Journal's list of the 100 fastest-growing private companies in Washington. In 2023, Avenue5 Residential managed 100,805 units. The company is headquartered in Seattle, WA.
11. MAA
MAA, ranked number 11 on our list of largest property management companies, is headquartered in Germantown, Tennessee. In 2023, they managed 99,676 units. With a robust presence spanning the Midwest, Central, and Southern U.S., MAA owns and operates over 100,000 apartment homes across 16 states and the District of Columbia.
12. RangeWater Real Estate
Next on our list of largest property management companies is RangeWater Real Estate. RangeWater operates in 194 cities across the Sun Belt and Mountain West regions, with a significant investment of $6 billion in rental housing real estate.
In 2022, they managed 78,380 units, a number that grew to 97,072 units in 2023. Headquartered in Atlanta, GA, RangeWater Real Estate demonstrates a strong presence and commitment to excellence in property management throughout its expansive operational areas.
13. Morgan Properties
Morgan Properties is another significant player in property management, founded in 1996 by Mitchell Morgan. Based in King of Prussia, PA, the company operates across 19 states in the U.S. It oversees a vast portfolio, consisting of 345+ multifamily communities. In 2023, Morgan Properties managed a total of 95,594 units, demonstrating its substantial presence and influence in the industry.
14. Bozzuto
Next on our list is Bozzuto, founded in 1988 by Tom Bozzuto and his partners. With over 3,000 employees, Bozzuto has established itself as a key player in the real estate industry. The company boasts an impressive $500 million in annual construction revenue and managed 88,710 units in 2023.
Headquartered in Greenbelt, MD, Bozzuto's commitment to excellence and innovation has solidified its reputation as a leading property management company.
15. Cortland
Cortland, the next property management company on our list, was founded in 2005 in Atlanta, with a focus on multifamily development. By 2011, they owned and managed 5,000 apartment homes. In 2023, Cortland successfully managed 83,654 units. Headquartered in Atlanta, GA, Cortland has garnered significant recognition, being named the #1 brand among property managers by Reputation.com in 2020, 2021, and 2023.
16. Equity Residential
Equity Residential, ranked number 16 among the largest property management companies, was founded in 1961 by Sam Zell and Bob Lurie. With its headquarters situated in Chicago, IL, the company has made significant strides in the real estate industry.
In 2023, Equity Residential effectively managed 79,594 units, showcasing its expertise in property management and commitment to delivering quality living experiences.
17. AvalonBay Communities, Inc.
AvalonBay Communities, Inc. is another prominent player among the largest property management companies. Headquartered in Arlington, VA, it managed 79,399 units in 2023. The company holds ownership interests in 299 apartment communities and operates in 12 states along with the District of Columbia.
18. Bell Partners
Bell Partners, led by CEO & President Lili F. Dunn, is headquartered in Greensboro, NC. The company managed 68,855 units in 2022, a figure that increased to 77,955 units in 2023. With a focus on exceptional property management services, Bell Partners continues to expand its portfolio and maintain its position as a prominent player in the real estate industry.
19. ZRS Management, LLC
ZRS Management, LLC, the penultimate property management company on our list, was originally formed in 1991 to manage high-quality multifamily communities. Specializing in apartment and multifamily property management, the company operates primarily in Florida, Texas, Georgia, North Carolina, Maryland, Virginia, Tennessee, and Illinois.
Headquartered in Orlando, FL, ZRS Management, LLC, effectively managed 76,455 units in 2023, demonstrating its expertise and widespread reach in the industry.
20. Monarch Investment & Management Group
Monarch Investment & Management Group concludes our list of largest property management companies. With 30 years of operation, 2,300 employees, and 313 communities under its management, Monarch has solidified its position in the industry. In 2023, the company managed 71,661 units across 21 states from its headquarters in Franktown, CO.