Rental market witnesses improvement from top industry members

Top commercial property management companies are witnessing improvements.

A report from the National Multi Housing Council showed that the biggest names in the apartment industry have experienced improvements.

The 2012 NMHC 50 noted that Boston Capital and Greystar Real Estate partners were the top two companies in terms of property ownership and management, respectively. In total, the top 50 owners witnessed their portfolio increase to 3 million apartment units, while the top 50 managers experienced a rise to 2.8 million units. The property management companies on the list added close to 60,000 apartment units, in all.

"The 2012 NMHC 50 shows that there was no single strategy employed by apartment firms to capitalize on the surge in the rental market," said Mark Obrinsky, chief economist for NMHC. "Some pursued aggressive acquisitions programs while others took advantage of growing investor interest in apartments to be net sellers of non-core assets."

Fewer than 20 companies ended up being sellers, as 17 lost a net total of 78,098 units, the report added. The in the report still are in possession of fewer than 20 percent of the U.S. apartment stock. Managers in the report operate fewer than 16 percent of the total stock.

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