Ranking The Top 20 Property Management Companies in 2022
There is a flurry of property management companies that have real estate holdings on at least two or more properties to their name. Each property management company will have its own niche of building management that could be strictly commercial, strictly industrial, strictly residential, or a combination. To think every property management company is the same is like assuming every single human being is the same. This is not true. There are some property management companies that excel at what they do while others could learn at least a thing or two from them. There are twenty that stick out in 2022 that deserve mention when it comes to ranking who really is the top dog.
20. Buildium
Buildium has a property management company that focuses on offering the most amount of value it can for the dollar. The rental property management software it uses works well with local providers as a means to ensure everybody is happy with the service they’re receiving. This company was founded by two property managers out of Rhode Island in 2002 and in just twenty years’ time, it has grown into one of the most respected property management companies in the business, especially in the Boston area. Over 14,000 customers deal with Buildium and mostly do so with a satisfied smile.
19. Lerner Enterprises
Lerner Enterprises has earned the best-in-class real estate developer and property manager due to its diverse and award-winning portfolio. Whether they’re managing commercial or retail properties, this company has managed to do so in a manner that makes them one of the best property management companies in the business. Founded in 1952 by Theodore N. Lerner, this Maryland-based firm has been one of the leaders in high-performance buildings that are managed with exceptional care.
18. The Millennia Companies
Starting in 1995, Frank T. Sinito started up The Millennia Companies. Designed as a high-performance business enterprise with the purpose to enrich lives, the Millennia Housing Management team has since developed a portfolio that houses more than 275 multifamily residential communities in twenty-six states. It has over thirty thousand units under its management authority. What puts Millennia Housing Development, Ltd. on the map are the more than 11,500 units of affordable housing it managed to preserve.
17. Baird & Warner
The largest family-owned property management company in Illinois is Baird & Warner. Dedicated to making life easier for buyers and sellers in the state, especially in Chicago, the management company has repeatedly won accolades and awards for providing the best customer service in the industry. This is a property management company that first started in 1855 when Lyman Baird came to Chicago with the dream to expand the city’s landscape.
16. Starwood Capital Group
Based out of Miami, Florida, Starwood Capital Group serves as an investment firm that focuses on global real estate and the energy sector. Founded in 1992, the company has since raised over sixty-five billion dollars of capital with over ninety-five billion dollars in assets under management. This is a global company that has earned a reputation as an industry leader when it comes to representing itself as an environmentally and morally responsible company that puts people ahead of profit as the key formula to doing business.
15. Atlas Lane
Founded in 2016, Atlas Lane is a residential property management company that serves owners and renters in the Washington, D.C. region. The company uses real estate data as a means to keep clients happy, along with whatever technology they have at their disposal. Atlas Lane also offers optimal customer service, as well as incentives to ensure costs are kept down through preventative maintenance.
14. Bay Property Management Group
Bay Property Management Group was founded in 2010. The standard services it offers are among the best in the industry. What’s great about this company is they write and enforce their own agreements. They also serve as a bridge between tenants and landlords, making it as easy as possible for both sides to have their issues addressed with the least amount of stress possible.
13. PMI Golden State
Founded in 2015, PMI Golden State has its headquarters in Los Angeles, California. It’s regarded as one of the best property management in the city. This award-winning company uses today’s technology to entice new tenants to stay at any of the Los Angeles-based properties managed by them and their associates. What adds to PMI’s charm is there are no early termination fees for management services. When one is unhappy, simply cancel within thirty days without hassle.
12. Vacasa
Vacasa has property management in the United States, Canada, Mexico, Belize, and Costa Rica. It is the premier vacation destination in North and Central America and has an excellent reputation as a vacation rental management company. Even vacation homes require decent property management and this is a niche Vacasa has mastered without fail.
11. Balfour Beatty Communities
Balfour Beatty is the parent company of Balfour Beatty Communities. Beatty has been a company that’s been in business for over a century and has since acquired over 50,000 units that cater to multifamilies, students, and the military. The company owns over six billion dollars USD in real estate assets under its management. The dedication Balfour has to upgrading all its units to best accommodate environmental and residential needs has earned them one of the top multifamily management properties, according to Multihousing News. The Balfour Beatty Communities Foundation is an organization the company has used as a means to improve community living by offering scholarships interested in earning a higher education. They also provide financial support to military family-focused organizations and charities.
10. WinnCompanies
WinnCompanies is the largest management company of affordable housing in the United States and is one of the largest multifamily property management companies in the nation. With over one hundred properties in eleven different states, it manages more than 15,000 apartments with a reputation that’s innovative and socially responsible. WinnCompanies established the WinningEdge Scholarship for qualifying residents who seek to achieve higher education. Between 2012 and 2022, it has raised over $390,000 USD in scholarship funds. The commitment made to environmentally sustainable and affordable housing has put WinnCompanies in the list as one of the best property management companies currently in operation.
9. The Bozzuto Group
Since 1988, The Bozzuto Group has run as a family-owned and operated construction and multifamily property management company that strives to serve as a sanctuary environment. The goal is to enrich neighborhoods with a better way of living. With over 78,000 managed residences, along with 50,000 homes and other real estate developments, Bozzuto has blossomed as a family-focused favorite. In 2020, Buzzuto’s Rise program won an award for Best Corporate Social Responsibility Program by Multihouseing News, which is a nationally recognized multifamily real estate news source.
8. AvalonBay Communities, Inc.
AvalaonBay Communities, Inc. is a real estate investment company that shares a focus on leading metropolitan areas that so far has nearly three hundred apartment communities under its property management. There are nearly ninety thousand apartment homes located in thirteen states, as well as the District of Columbia. What makes AvalonBay Communities so impressive is the dedication it has to create a better way of living in a multifamily property environment. In 2019, they became a constituent of the FTSE4Good Index Series. This is an organization that measures the performance level of companies based on their practices in areas such as environmental concerns, social issues, and governance practices.
7. Equity Residential
Founded in 1969, it was the intention of Equity Residential to handle student apartment complexes. Since then, it has become one of the largest property management companies in the United States. With over 78,000 residential units under its management expertise, the due diligence required to keep up with all that’s needed has been a focus that earned Equity Residential a reputation as a top-tier property management firm.
6. BH Management Services, LLC
The extensive range of residential properties under the management of BH Management Services, LLC features the Smart Home Technology and Green Conservations programs. With over one hundred thousand family units in over three hundred communities, it’s no easy task to make sure everything runs as smoothly as possible while accommodating everyone’s needs. They manage to do it, however, as they’re favored by Investopedia as one of the best property management companies in the industry.
5. Coldwell Banker Richard Ellis (CBRE)
CBRE was founded in 1906 that eventually became one of the world’s largest commercial management companies with over five hundred offices to its name. Nearly three billion square feet of commercial property is managed by a company that has its headquarters based out in Dallas, Texas. In 2019, five of its managed facilities were recognized for excellence in commercial building management and operations, according to the Building Owners and Managers Association. In addition to property management, CBRE also offers commercial property solutions as a service to owners and residents. They’ve also assisted clients who possess commercial, residential, and mixed properties.
4. Asset Living
Headquartered out of Houston, Texas, Asset Living has been in the business of property management since 1986. What started out as a humble beginning eventually led to one of the property management giants that manage nearly 160,000 units. Exactly as the name suggests, this company focuses on providing affordable housing for residents according to what their income can afford.
3. Cushman & Wakefield
Founded in 1917, Cushman & Wakefield expanded to owning more than 170,000 units after it acquired Pinnacle. As an integrated company, Cushman & Wakefield thrive on the spirit of teamwork as it manages over 840 properties. The uniqueness of this company’s practice to ensure their residents are happy demonstrates a stellar track record of customer service and proper management protocols that matter most.
2. Lincoln Property Company
Lincoln Property Company was founded in Dallas, Texas, in 1965. They earn this spot because this property management company has established itself as number one when it comes to customer service. When it comes to determining who really is the top dog, it’s not about the size of the dog itself but how it carries itself. Lincoln does this very well, more so than any other company of its kind. When a company understands the value of people, regardless if they’re investors or renters, this is where the money truly counts.
Having six billion dollars worth of multifamily developments and over 220,000 units that are valued at over fourteen billion dollars, pulling off such a feat is no easy task. Yet, Lincoln is able to do this with five-star service. While the niche seems to be in the management of residential properties, Lincoln also has managed to distinguish itself through Service Organization Control compliance as they ensure all the properties fulfill third-party management, accounting, and IT-related requirements.
1. Greystar Real Estate Partners
Greystar Real Estate Partners is the clear winner for managing the most amount of units in 2022 (698,2557 Units). At nearly seven hundred thousand units under their thumb, one would think the task of managing so much property would be impossible. Greystar is 2022’s Top Owner, Top Developer, and Top Builder. Based out of Charleston, South Carolina, this company has certainly taken a few leaps and bounds since its 1993 startup year. Owned and managed by Bob Faith, he set out to become a rental housing industry leader. It was an accomplishment he has realized since then as the strategies he and his company exercised so far have worked like a charm.
