AMO[R] firms among NMHC Top 50. (News Extra).
Fourteen AMO firms made the NMHC 2002 list, including Pinnacle Realty Management Company, which earned third place with 113,546 units and Lincoln Property Company, which placed fourth with a total apartment portfolio of 103,255 units.
The NMHC 50 of apartment management, which ranks the 50 largest apartment managers, grew by almost 4 percent, a rebound from last year, when there was essentially no change in the number of apartments managed by the top 50 firms. The NMHC 50 managers manage 2.44 million apartments, just over 15 percent of the nation's total apartment stock.
New to the list this year are AMO firms Fairfield Residential, which manages 49,230 apartments and Legacy Partners, with 29,333 apartments under management.
Apartment Investment and Management Company (AIMCO) retained the top spot among the NMHC 50 managers with 303,805 apartment units.
The NMHC 50 profile also revealed that, once again, management concentration increased. The top 10 apartment managers now manage 7.2 percent of the nation's apartments--an increase from last year, though still down slightly from 2000 levels. The top 25 firms increased their management share to 11.1 percent of the apartment stock, a new record.
RELATED ARTICLE: AMO Firm Rankings
#3 Pinnacle Realty Management Company
#4 Lincoln Property Company
#11 Camden Property Trust
#13 Fairfield Residential LLC
#26 Lane Company
#29 LEDIC Management Group, Inc.
#30 Legacy Partners
#31 Village Green Companies
#37 Forest City Enterprises
#40 FPI Management Inc.
#41 EPT Management Company
#46 Drucker & Falk LLC
#47 Western National Group
#50 Picerne Real Estate Group
Source: National Multi-Housing Council
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||accredited management organizations among National Multi Housing Council 2002 list|
|Publication:||Journal of Property Management|
|Article Type:||Brief Article|
|Date:||May 1, 2002|
|Previous Article:||Census report profiles U.S. Population. (News Extra).|
|Next Article:||Multifamily owners hit hard by insurance fallout. (News Extra).|