Largest Real Estate Companies by Category: 2026 Rankings Data
Last updated . All data pieces · Methodology
When people ask which property management company is largest, they usually mean units under management. The same search often branches into lenders, commercial firms, REITs, residential brokerages and homebuilders, and each of those groups is sized on a different yardstick: loan originations, reported revenue, equity market capitalization, agent counts or homes closed. One combined list would mix measures that do not mean the same thing.
We compiled six category tables from sources read in October 2026. Property managers are from the National Multifamily Housing Council (NMHC) 50 managers list for 2026 (units managed as of January 1, 2026, company-reported survey responses). Mortgage lenders are our calculation from the Consumer Financial Protection Bureau (CFPB) 2025 Home Mortgage Disclosure Act (HMDA) snapshot, with the filters listed under that table. Commercial real estate services firms and homebuilders use fiscal 2025 totals from each company's Form 10-K or results release. REIT equity market capitalizations are from Nareit's REITWatch for August 2026 (data as of July 31, 2026). Residential brokerage agent counts are from each company's fiscal 2025 annual filing. Company survey and filing figures are labeled as company-reported. Each table is ordered only by its stated metric. This report does not rate service quality.
Property Management Companies by Units Managed: January 1, 2026
The first table is the keyword answer: multifamily property managers by units managed on the NMHC 2026 public managers list.
- Greystar1,014,091
- Asset Living446,427
- Willow Bridge Property Company244,457
- RPM Living241,479
- AMC156,223
- Avenue5 Residential153,968
- Cushman & Wakefield135,892
- Bozzuto133,117
- WinnCompanies122,183
- ZRS Management, LLC113,953
- Morgan Properties111,132
- MAA103,083
- BH Management Services94,087
- AvalonBay Communities, Inc.87,196
- Equity Residential85,190
Source: NMHC 50 managers list, 2026. Units managed as of January 1, 2026; company-reported survey responses. Chart plots all 15 rows of the table. Values as shown in the table below the chart.
| Rank by units managed | Company | Units managed (as of Jan. 1, 2026) | Headquarters |
|---|---|---|---|
| 1 | Greystar | 1,014,091 | Charleston, SC |
| 2 | Asset Living | 446,427 | Houston, TX |
| 3 | Willow Bridge Property Company | 244,457 | Dallas, TX |
| 4 | RPM Living | 241,479 | Austin, TX |
| 5 | AMC | 156,223 | Cottonwood Heights, UT |
| 6 | Avenue5 Residential | 153,968 | Seattle, WA |
| 7 | Cushman & Wakefield | 135,892 | Chicago, IL |
| 8 | Bozzuto | 133,117 | Greenbelt, MD |
| 9 | WinnCompanies | 122,183 | Boston, MA |
| 10 | ZRS Management, LLC | 113,953 | Orlando, FL |
| 11 | Morgan Properties | 111,132 | Conshohocken, PA |
| 12 | MAA | 103,083 | Germantown, TN |
| 13 | BH Management Services | 94,087 | Des Moines, IA |
| 14 | AvalonBay Communities, Inc. | 87,196 | Arlington, VA |
| 15 | Equity Residential | 85,190 | Chicago, IL |
Source: National Multifamily Housing Council (NMHC), 2026 Top Managers public list, accessed October 27, 2026. Units managed as of January 1, 2026. NMHC defines the list as multifamily (five or more units) rental units for which the company handles property management tasks; condominium, cooperative, nursing-home, hotel, hospital and mobile-home units are excluded. Figures are company-reported survey responses, not independently verified. First 15 rows of the published 50-company list.
NMHC's public page is a survey list of property management scale, not asset ownership. Profiles of multifamily and other managers appear in our property management firms directory.
Mortgage Lenders by Home Purchase Originations: 2025 HMDA
HMDA-reporting institutions ranked by first-lien, closed-end, site-built, owner-occupied, one-to-four-unit home purchase originations in 2025. Counts and dollar volume are our calculation from the CFPB public snapshot; filters follow the table.
| Rank by originations | Lender (HMDA respondent name) | Purchase originations | Purchase volume |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 210,703 | $85,984,095,000 |
| 2 | Rocket Mortgage | 122,907 | $46,771,605,000 |
| 3 | CrossCountry Mortgage, LLC | 82,705 | $34,161,895,000 |
| 4 | Mortgage Research Center | 64,616 | $21,820,850,000 |
| 5 | DHI Mortgage Company, LTD. | 63,671 | $22,275,505,000 |
| 6 | Guild Mortgage Company | 56,237 | $20,214,495,000 |
| 7 | Fairway Independent Mortgage Corp. | 52,770 | $19,110,140,000 |
| 8 | JPMorgan Chase Bank, N.A. | 49,703 | $26,778,715,000 |
| 9 | Lennar Mortgage, LLC | 48,749 | $18,038,745,000 |
| 10 | CMG Mortgage Inc. | 45,358 | $19,123,090,000 |
| 11 | Guaranteed Rate, Inc. | 45,341 | $20,015,495,000 |
| 12 | Movement Mortgage, LLC | 36,938 | $14,177,080,000 |
| 13 | loanDepot.com LLC | 34,656 | $13,513,960,000 |
| 14 | New American Funding, LLC | 31,280 | $11,041,890,000 |
| 15 | PennyMac Loan Services LLC | 30,627 | $15,194,905,000 |
Source: Calculation from Consumer Financial Protection Bureau, HMDA 2025 Snapshot National Loan Level Dataset (state CSV extracts for the 50 states and the District of Columbia), Legal Entity Identifier (LEI) aggregated by the authors. Filters: action taken = loan originated; loan purpose = home purchase; lien status = first lien; open-end line of credit = not an open-end line; reverse mortgage = not a reverse mortgage; business or commercial purpose = not primarily for a business or commercial purpose; construction method = site-built; occupancy type = principal residence; total units = 1, 2, 3 or 4. Lender names are the HMDA filer names returned by the CFPB institutions API for 2025. After filters: 2,775,707 loans and $1,126,622,705,000 in loan amount. Volume is the sum of reported loan_amount. Rank is by origination count, not volume.
The rows cover purchase originations only under those filters. Refinances, open-end lines and investment properties are excluded.
Commercial Real Estate Services Firms by Revenue: Fiscal 2025
Six publicly reported commercial real estate services firms on one shared metric: total reported fiscal 2025 revenue from each firm's Form 10-K or year-end results release. Where a firm includes reimbursed and pass-through costs in total revenue, those costs stay in the figure, so this is not a fee-only measure.
| Rank by revenue | Company | Fiscal 2025 total revenue | Source filing or release |
|---|---|---|---|
| 1 | CBRE Group | $40.55 billion | CBRE Group Form 10-K / FY2025 results |
| 2 | Jones Lang LaSalle (JLL) | $26.12 billion | JLL FY2025 results release (Feb. 18, 2026) |
| 3 | Cushman & Wakefield | $10.29 billion | Cushman & Wakefield Ltd. Form 10-K for FY2025 |
| 4 | Colliers International Group | $5.56 billion | Colliers FY2025 results release (Feb. 13, 2026) |
| 5 | Newmark Group | $3.294 billion | Newmark Group Form 10-K for FY2025 |
| 6 | Marcus & Millichap | $755.2 million | Marcus & Millichap Form 10-K for FY2025 |
Source: Each company's fiscal 2025 annual report or results release, as compiled on our commercial brokerages hub (figures re-read October 20, 2026; Newmark revenue $3,294,024 thousand from its Form 10-K; Marcus & Millichap revenue $755,156 thousand from its Form 10-K). Company-reported. Fiscal years end December 31, 2025 for these six firms. Revenue definitions differ; CBRE and JLL include large facilities-management pass-throughs.
Equity REITs by Equity Market Capitalization: July 31, 2026
Equity real estate investment trusts (REITs) by equity market capitalization in Nareit's August 2026 REITWatch (data as of July 31, 2026). Market capitalization moves with share price, so these figures are a point-in-time snapshot.
| Rank by equity market cap | Company | Equity market capitalization ($ millions) |
|---|---|---|
| 1 | Welltower Inc. | 165,494.6 |
| 2 | Prologis, Inc. | 134,825.4 |
| 3 | Equinix, Inc. | 100,525.7 |
| 4 | American Tower Corporation | 80,767.2 |
| 5 | Simon Property Group, Inc. | 74,508.6 |
| 6 | Digital Realty Trust, Inc. | 68,105.8 |
| 7 | Public Storage | 60,407.5 |
| 8 | Realty Income Corporation | 59,555.6 |
| 9 | Ventas, Inc. | 45,461.7 |
| 10 | Iron Mountain, Inc. | 36,393.2 |
Source: Nareit, REITWatch, August 2026 (data as of July 31, 2026), S&P 500 REIT constituents market capitalization table. Equity market capitalization as defined by Nareit in that publication. Figures in millions of U.S. dollars. Nareit states that the publication is not a solicitation and disclaims liability for accuracy, timeliness or completeness; Copyright 2026 by Nareit. Sector profiles for several of these REITs appear under investment firms and REITs.
Residential Brokerages by Agent Count: December 31, 2025
RealTrends and similar brokerage rankings restrict republication, so the table uses company-reported agent counts from fiscal 2025 annual filings. Franchise networks, cloud brokerages and company-owned brokerages do not count agents the same way; each row uses the figure that company filed for year-end 2025.
| Rank by agents (as filed) | Company | Agents (company-reported) | Definition in the filing |
|---|---|---|---|
| 1 | eXp Realty (AGNT, Inc.) | 83,060 | Agent count as of Dec. 31, 2025 |
| 2 | RE/MAX Holdings (U.S. and Canada) | 72,977 | U.S. and Canada combined agent count; global agent count 148,660 |
| 3 | Compass | approximately 37,000 | Agents at owned brokerages as of Dec. 31, 2025; principal agents 21,190 |
| 4 | The Real Brokerage | 31,739 | Agents on the platform at year-end 2025 |
| 5 | Douglas Elliman | approximately 5,800 | Agents including 4,492 principal agents as of Dec. 31, 2025 |
Source: AGNT, Inc. (formerly eXp World Holdings) Form 10-K for FY2025; RE/MAX Holdings, Inc. Form 10-K for FY2025; Compass, Inc. Form 10-K for FY2025; The Real Brokerage Inc. MD&A for FY2025 (Exhibit 99.3 to Form 40-F); Douglas Elliman Inc. Form 10-K for FY2025. Company-reported, not independently verified. Anywhere Real Estate was acquired by Compass on January 9, 2026, and is not listed separately for year-end 2025. Redfin was acquired by Rocket Companies effective July 1, 2025, and no longer files its own annual report. Model notes and scored profiles are on our residential brokerages hub.
Homebuilders by Homes Closed: Fiscal 2025
Five public homebuilders ordered by homes closed in each company's fiscal 2025 Form 10-K. Fiscal year-ends differ, so the twelve-month windows are not identical.
- D.R. Horton84,863
- Lennar82,583
- PulteGroup29,572
- NVR21,915
- Toll Brothers11,292
Source: Each builder's Form 10-K for fiscal 2025. Fiscal year-ends differ. Chart matches the table. Values as shown in the table below the chart.
| Rank by homes closed | Builder | Homes closed | Fiscal year end |
|---|---|---|---|
| 1 | D.R. Horton | 84,863 | September 30, 2025 |
| 2 | Lennar | 82,583 | November 30, 2025 |
| 3 | PulteGroup | 29,572 | December 31, 2025 |
| 4 | NVR | 21,915 | December 31, 2025 |
| 5 | Toll Brothers | 11,292 | October 31, 2025 |
Source: D.R. Horton, Lennar, PulteGroup, NVR and Toll Brothers Forms 10-K for fiscal 2025, as compiled on our national homebuilders hub (figures re-read October 20, 2026). Company-reported closings. Builder 100 and similar trade rankings were not used.
Reading the Category Tables Together
Units managed, purchase originations, total revenue, equity market capitalization, agent counts and homes closed answer different questions. The tables keep those measures separate so each figure stays tied to its source and period.
Sources
- National Multifamily Housing Council, 2026 Top Managers, public list, accessed October 27, 2026.
- Consumer Financial Protection Bureau, HMDA 2025 Snapshot National Loan Level Dataset (state CSV extracts) and institutions / filers API for 2025; calculation by the authors with filters stated in the mortgage lenders table, October 27, 2026.
- CBRE Group Form 10-K / FY2025 results; Jones Lang LaSalle FY2025 results release (February 18, 2026); Cushman & Wakefield Ltd. Form 10-K for FY2025; Colliers International Group FY2025 results release (February 13, 2026); Newmark Group Form 10-K for FY2025; Marcus & Millichap Form 10-K for FY2025 — compiled on commercial brokerages, re-read October 20, 2026.
- Nareit, REITWatch, August 2026 (data as of July 31, 2026), equity market capitalization tables.
- AGNT, Inc. Form 10-K for FY2025; RE/MAX Holdings, Inc. Form 10-K for FY2025; Compass, Inc. Form 10-K for FY2025; The Real Brokerage Inc. MD&A FY2025 (Form 40-F Exhibit 99.3); Douglas Elliman Inc. Form 10-K for FY2025.
- D.R. Horton, Lennar, PulteGroup, NVR and Toll Brothers Forms 10-K for fiscal 2025 — compiled on national homebuilders, re-read October 20, 2026.
Figures are shown as published by the sources named under each table. How we source and correct: editorial and corrections policy. Spotted an error? Contact us.
Release dates for these sources: Data release calendar.