Multifamily Property Management Companies
Apartment managers, using NMHC’s 2026 Top 50 Managers list as the yardstick.
Last updated: 2026-10-20
We do not score property managers. We have not published a rubric for them, and fees and service data are rarely public. Firms are listed alphabetically. Any rank shown is NMHC’s, by units managed, not ours.
NMHC 2026 Top 50 Managers, in full
The table is reproduced from NMHC’s published list, which counts only multifamily rental units (five or more units, including independent living and age-restricted) where the company does the property management itself: leasing, maintenance and so on. It is a survey of property management, not of asset or investment management. An asterisk marks firms that were not NMHC members as of Jan 31, 2026. The prior-year figures are the ones shown on the 2026 list, and some differ from what the 2025 list printed. Source: NMHC.
| NMHC rank | Company | Units 2026 | Prior year | Change | HQ |
|---|---|---|---|---|---|
| 1 | Greystar | 1,014,091 | 946,742 | +7.1% | Charleston, SC |
| 2 | Asset Living | 446,427 | 288,665 | +54.7% | Houston, TX |
| 3 | Willow Bridge Property Company | 244,457 | 220,676 | +10.8% | Dallas, TX |
| 4 | RPM Living | 241,479 | 218,661 | +10.4% | Austin, TX |
| 5 | AMC | 156,223 | 152,989 | +2.1% | Cottonwood Heights, UT |
| 6 | Avenue5 Residential | 153,968 | 142,841 | +7.8% | Seattle, WA |
| 7 | Cushman & Wakefield | 135,892 | 149,938 | -9.4% | Chicago, IL |
| 8 | Bozzuto | 133,117 | 121,232 | +9.8% | Greenbelt, MD |
| 9 | WinnCompanies | 122,183 | 116,337 | +5.0% | Boston, MA |
| 10 | ZRS Management, LLC | 113,953 | 92,927 | +22.6% | Orlando, FL |
| 11 | Morgan Properties | 111,132 | 97,384 | +14.1% | Conshohocken, PA |
| 12 | MAA | 103,083 | 102,348 | +0.7% | Germantown, TN |
| 13 | BH Management Services | 94,087 | 107,099 | -12.1% | Des Moines, IA |
| 14 | AvalonBay Communities, Inc. | 87,196 | 83,753 | +4.1% | Arlington, VA |
| 15 | Equity Residential | 85,190 | 84,249 | +1.1% | Chicago, IL |
| 16 | RAM Partners LLC | 85,072 | 81,252 | +4.7% | Atlanta, GA |
| 17 | Cortland | 81,979 | 83,021 | -1.3% | Atlanta, GA |
| 18 | Bell Partners Inc | 81,386 | 88,407 | -7.9% | Greensboro, NC |
| 19 | Monarch Investment & Management Group | 78,830 | 75,871 | +3.9% | Franktown, CO |
| 20 | The Michaels Organization | 76,863 | 79,419 | -3.2% | Camden, NJ |
| 21 | Hunt/Envolve | 74,655 | 66,627 | +12.0% | El Paso, TX |
| 22 | FPA Multifamily | 72,853 | 62,244 | +17.0% | San Francisco, CA |
| 23 | RangeWater Real Estate | 72,838 | 72,117 | +1.0% | Atlanta, GA |
| 24 | Edward Rose Building Enterprise | 72,648 | 71,471 | +1.6% | Bloomfield Hills, MI |
| 25 | Weidner Apartment Homes | 70,139 | 66,249 | +5.9% | Kirkland, WA |
| 26 | Bridge Property Management | 64,652 | 61,150 | +5.7% | Sandy, UT |
| 27 | Essex Property Trust | 62,994 | 62,157 | +1.3% | San Mateo, CA |
| 28 | CONAM Management Corporation | 62,940 | 62,818 | +0.2% | San Diego, CA |
| 29 | Harbor Group Management Company | 62,511 | 58,316 | +7.2% | Norfolk, VA |
| 30 | UDR, Inc. | 60,535 | 60,123 | +0.7% | Highlands Ranch, CO |
| 31 | Hawthorne Residential Partners | 59,078 | 62,651 | -5.7% | Greensboro, NC |
| 32 | Camden Property Trust | 58,759 | 59,210 | -0.8% | Houston, TX |
| 33 | The Related Companies, LP | 58,411 | 62,455 | -6.5% | New York, NY |
| 34 | Cardinal Group Management | 56,874 | 54,622 | +4.1% | Denver, CO |
| 35 | Village Green | 52,985 | 50,455 | +5.0% | Southfield, MI |
| 36 | Pegasus Residential | 50,000 | 46,264 | +8.1% | Alpharetta, GA |
| 37 | GID/Windsor Property Management Company | 49,486 | 48,071 | +2.9% | Atlanta, GA |
| 38 | Balfour Beatty Communities | 47,045 | 47,485 | -0.9% | Malvern, PA |
| 39 | GoldOller | 45,343 | 46,637 | -2.8% | Philadelphia, PA |
| 40 | Arqline | 45,026 | 23,435 | +92.1% | Colorado, CO |
| 41 | Elmington | 44,081 | 38,953 | +13.2% | Nashville, TN |
| 42 | Fairfield Residential | 43,647 | 38,790 | +12.5% | San Diego, CA |
| 43 | SRG Residential* | 43,527 | 37,737 | +15.3% | Newport Beach, CA |
| 44 | Drucker + Falk | 42,016 | 43,294 | -3.0% | Newport News, VA |
| 45 | Kairoi Residential | 40,791 | 27,777 | +46.9% | San Antonio, TX |
| 46 | Valiant Residential* | 40,744 | 35,724 | +14.1% | Dallas, TX |
| 47 | Berkshire Residential Investments | 40,493 | 38,703 | +4.6% | Boston, MA |
| 48 | Mission Rock Residential | 37,145 | 32,012 | +16.0% | Denver, CO |
| 49 | American Landmark | 36,611 | — | — | Tampa, FL |
| 50 | Westdale Real Estate Investment & Management | 36,593 | 36,313 | +0.8% | Dallas, TX |
The rank is NMHC’s, not ours. Equity Residential and AvalonBay appear as separate rows, but they merged into Vivmark Residential on Aug 17, 2026 (8-K). AMC’s breakdown on NMHC shows identical market-rate and BTR figures, so we use only its total.
Profiled in this segment
Asset Living
Private. No. 2 on the NMHC 2026 list.
Grew from 288,665 to 446,427 units on the NMHC list, the biggest jump in the top 10.
Profile and sources →Greystar
Private. Largest manager on the NMHC 2026 list.
No. 1 NMHC manager at 1,014,091 units; also No. 1 owner and No. 1 developer on NMHC’s 2026 lists.
Profile and sources →RPM Living
Private. No. 4 on the NMHC 2026 list.
241,479 units on NMHC’s 2026 list, close behind Willow Bridge.
Profile and sources →Willow Bridge Property Company
Private. Listed as formerly Lincoln Property Company in NMHC’s 2025 list.
No. 3 NMHC manager at 244,457 units; also No. 20 on NMHC’s 2026 developer list.
Profile and sources →Who each is actually for
Based on what the cited sources say, not on reviews. If we had no source, the cell is left out.
| Firm | Fit signals from the sources |
|---|---|
| Asset Living | Third-party owners wanting a fee manager that does not appear on NMHC’s owner lists. Student housing owners: about 50,800 of its NMHC units are student housing. |
| Greystar | Owners of large or multi-market apartment portfolios who want one manager across markets (NMHC scale). Student-housing and build-to-rent owners: both appear in NMHC’s breakdown of its units. Owners who mind a manager that also owns and develops nearby should ask how conflicts are handled; nothing we read addresses it. |
| RPM Living | Third-party owners, especially build-to-rent (about 10,800 BTR units in NMHC’s breakdown). |
| Willow Bridge Property Company | Owners who knew the Lincoln residential platform: this is the name to look for now. Build-to-rent owners: about 9,200 BTR units in NMHC’s breakdown. |
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Section published: hub, three sub-hubs, ten profiles and three comparisons, from the NMHC 2026 lists, SEC filings and firm pages read this day.
Sources
- NMHC, 2026 Top 50 Managers · accessed 2026-10-20
- Vivmark Residential (formerly Equity Residential) Form 8-K, merger closing, Aug 17, 2026 · accessed 2026-10-20
- NMHC, 2025 Top 50 Managers · accessed 2026-10-20
- NMHC, 2026 Top 50 Owners · accessed 2026-10-20
- NMHC, 2026 Top 50 Developers · accessed 2026-10-20
- NMHC, 2026 Top 25 Builders · accessed 2026-10-20