The Nation`s 50 Largest Apartment Owners and 50 Largest

Transcription

NEW FOR 2015
The NMHC 25 Top Developers and
NMHC 25 Top General Contractors
2015
The Nation’s 50 Largest Apartment Owners
and 50 Largest Apartment Managers
SPECIAL SUPPLEMENT BROUGHT TO YOU BY NMHC
MARKET
LEADERSHIP
REDEFINED
With $38+ billion in multifamily
transactions fowing through CBRE
Capital Markets in 2014 alone, we’re
redefning market leadership in the
multifamily industry. We combine
unprecedented access to leading
capital sources with unmatched
local market expertise to deliver the
industry’s most powerful and diverse
multifamily platform.
We are proud to be named the #1
multifamily broker again in 2014*,
and we thank our clients for entrusting
us with their business year after year.
*Real Capital Analytics
cbre.com/multifamily
TGM ACTIVE PROPERTIES
TGM SOLD PROPERTIES
TGM HEADQUARTERS
TGM REGIONAL / DISTRICT OFFICES
TABLE OF
CONTENTS
Introduction ................................. 2
2015 Apartment Ownership....... 4
2015 Apartment Management ... 6
Amping Up the Upturn ............... 8
2015 Top Developers ..................16
2015 Top General
Contractors .................................17
NMHC Debuts Top 25 Developers
and Top 25 Contractors Lists ....18
NMHC Officers ......................... 22
NMHC Executive Committee.. 22
NMHC Board of Directors ....... 26
NMHC Advisory Committee ...40
2
multifamily executive is pleased to present the 26th annual NMHC 50, the
National Multifamily Housing Council’s authoritative ranking of the nation’s 50
largest apartment owners and 50 largest apartment managers. New this year,
NMHC has added rankings for the nation’s top 25 developers and the top 25
general contractors.
For more than two decades, the NMHC 50 has been a key resource for
industry observers. The top owner and manager lists, and the analysis that
accompanies them, have provided the leading benchmark against which to
measure industry trends and concentration. The new developer and contractor
lists supplement this information with insights into those sectors as well.
Based in Washington, D.C., NMHC provides leadership for the $1.3 trillion
apartment industry. It is where the industry’s best and the brightest come
together to leverage smart decision making and collaborative action to shape
a positive future for their businesses, the multifamily housing industry and the
communities they help build.
NMHC provides leadership for the apartment industry on legislative and
regulatory matters, advances research and the exchange of strategic business
information, and promotes the desirability of apartment living.
For those interested in joining the apartment industry’s premier organization,
NMHC welcomes inquiries to its Washington office at 202.974.2300, or you can
visit NMHC’s web site at www.nmhc.org.
Missing calls isn’t so sweet.
Us
Them
If you’re not using Anyone Home’s Resident Engagement Solutons to manage your propertes then
you might not be getng everything you’re paying for. You see our Contact Center operates 24/7/365
and is stafed with awesome people who are equipped with superior technology, like Neighborhood
SMARTBASE©. It can antcipate the most frequently asked community and neighborhood questons and
pinpoint sister communites, local transportaton, shopping, restaurants and more, creatng a positve
customer experience by matching homes to their needs and desires. Plus with our ShowPro™ applicaton,
you can manage all leasing actvites in real-tme from one central locaton, at your fngertps. It’s like
getng a box of chocolates with VIP access to the entre chocolate factory.
Let us sweeten up your day.
Give us a call at 888.913.3913 or visit us at
www.AnyoneHome.com/Chocolate for more details.
2015 APARTMENT OWNERSHIP
NATIONAL MULTIFAMILY HOUSING COUNCIL 50
(50 Largest U.S. Apartment Owners as of January 1, 2015)
4
Owner
Rank
2015
Owner
Rank
2014
Units
Owned
2015
1
1
Hunt Companies
244,451
2
2
Boston Capital
3
4
4
Units
Owned
2014 Corporate Officer
HQ City
HQ
State
253,295 Chris Hunt
El Paso
TX
139,934
153,515 Jack Manning
Boston
MA
PNC Real Estate
130,800
126,972 Todd Crow
Portland
OR
5
Boston Financial Investment Management, LP
120,146
124,720 Kenneth Cutillo
Boston
MA
5
3
AIG Affordable Housing (formerly SunAmerica
Affordable Housing Partners)
116,247
130,664 Douglas S. Tymins
Los Angeles
CA
6
6
Equity Residential
110,063
109,465 David J. Neithercut
Chicago
IL
7
7
The Richman Group Affordable Housing Corporation
105,375
102,098 Richard Paul Richman
Greenwich
CT
8
8
Enterprise Community Asset Management, Inc.
103,181
99,984 Charles R. Werhane
Columbia
MD
9
9
MAA
82,268
82,611 H. Eric Bolton, Jr.
Memphis
TN
10
10
AvalonBay Communities, Inc.
73,182
72,814 Timothy J. Naughton
Arlington
VA
11
12
Alliant Capital, Ltd.
71,916
69,361 Brian Goldberg
Woodland Hills
CA
12
14
Edward Rose Building Enterprise
59,264
58,319 Warren Rose
Bloomfield Hills
MI
13
17
Raymond James Tax Credit Funds, Inc.
59,039
52,799 Steve Kropf
St. Petersburg
FL
14
13
Camden Property Trust
58,948
59,899 Richard J. Campo
Houston
TX
15
36
Essex Property Trust, Inc.
56,620
33,560 Michael J. Schall
Palo Alto
CA
16
19
The Related Companies
53,727
51,320 Jeff Blau
New York
NY
17
11
Aimco
52,336
60,553 Terry Considine
Denver
CO
18
29
BH Equities LLC
52,044
39,383 Harry Bookey
Des Moines
IA
19
20
WNC & Associates, Inc.
51,865
50,077 Wilfred N Cooper, Jr.
Irvine
CA
20
16
J.P. Morgan Asset Management
51,416
52,972 Allina Boohoff
New York
NY
21
18
UDR, Inc.
50,268
51,159 Thomas W. Toomey
Highlands Ranch CO
22
22
Lincoln Property Company
48,705
47,918 Tim Byrne
Dallas
TX
23
21
Forest City Residential Group, Inc.
47,884
48,007 Ronald A. Ratner
Cleveland
OH
24
24
The Michaels Organization
46,662
46,405 John J. O'Donnell
Marlton
NJ
25
25
Balfour Beatty Communities
44,797
43,971 Christopher Williams
Marvern
PA
Company Name
Owner
Rank
2015
Owner
Rank
2014
Company Name
Units
Owned
2015
Units
Owned
HQ City
HQ
State
26
27
Home Properties, Inc.
42,107
42,170 Edward J. Pettinella
Rochester
NY
27
30
Weidner Apartment Homes
41,175
38,366 Jack O'Connor
Kirkland
WA
28
31
UBS Realty Investors LLC
40,424
37,959 Matthew Lynch
Hartford
CT
29
28
Greystar Real Estate Partners, LLC
39,637
40,544 Robert A. Faith
Charleston
SC
30
33
Fairfield Residential Company LLC
37,095
36,130 Chris Hashioka
San Diego
CA
31
34
Heitman LLC
34,111
36,111 Maury Tognarelli
Chicago
IL
32
37
American Campus Communities
33,499
33,434 Bill Bayless
Austin
TX
33
39
Invesco Real Estate
32,642
32,155 Michael Kirby
Dallas
TX
34
41
Harbor Group International
32,000
30,489 Robert Friedman
Norfolk
VA
35
15
JRK Property Holdings, Inc.
31,852
53,373 Jim Lippman
Los Angeles
CA
36
43
Morgan Properties
31,500
27,488 Jonathan Morgan
King of Prussia
PA
37
38
Westdale Real Estate Investment & Management
30,797
32,328 Joseph G. Beard
Dallas
TX
38
40
Sentinel Real Estate Corporation
30,000
32,000 John H. Streicker
New York
NY
39
45
Bridge Investment Group Partners
29,829
26,180 Christian V. Young
Salt Lake City
UT
Steadfast Companies
28,709
25,024 Christopher Hilbert
Irvine
CA
40
41
46
AEW Capital Management, L.P.
27,230
25,861 Jeffrey Furber
Boston
MA
42
49
Milestone Management, LLC
25,359
24,858 Steve Lamberti
Dallas
TX
Cortland Partners, LLC
25,358
18,785 Steven Defrancis
Atlanta
GA
43
44
47
Southern Management Corporation
25,114
25,114 David Hillman
Vienna
VA
45
42
Berkshire Property Advisors
23,466
28,893 Alan King
Boston
MA
46
50
Alliance Residential Company
23,255
Ward and
23,133 Bruce
V. Jay Hiemenz
Phoenix
AZ
47
26
Bell Partners Inc.
23,071
D. Bell and
43,966 Steven
Jonathan D. Bell
Greensboro
NC
48
48
Highridge Costa Investors, LLC
23,056
24,891 Michael A. Costa
Gardena
CA
49
FPA Multifamily
22,800
20,982 Gregory A Fowler
San Francisco
CA
50
GID
22,445
22,777 William H Roberts
Boston
MA
APRIL 2015 | NMHC 50
5
2015 APARTMENT MANAGEMENT
(50 Largest U.S. Apartment Managers as of January 1, 2015)
6
Manager
Rank
2015
Manager
Rank
2014
Company Name
Units
Managed
2015
Units
Managed
HQ City
HQ
State
1
1
Greystar Real Estate Partners, LLC
393,079
214,696 Robert A. Faith
Charleston
SC
2
3
Lincoln Property Company
164,416
153,445 Tim Byrne
Dallas
TX
3
4
Pinnacle
131,790
132,450 Rick Graf
Dallas
TX
4
5
Equity Residential
110,063
109,465 David J. Neithercut
Chicago
IL
5
6
WinnCompanies
96,955
87,542 Gilbert Winn
Boston
MA
6
7
MAA
82,268
82,582 H. Eric Bolton, Jr.
Memphis
TN
7
9
Alliance Residential Company
82,123
Ward and
71,972 Bruce
V. Jay Hiemenz
Phoenix
AZ
8
10
FPI Management, Inc.
76,500
69,675 Dennis Treadaway
Folsom
CA
9
8
AvalonBay Communities, Inc.
72,564
71,734 Timothy J. Naughton
Arlington
VA
10
11
Apartment Management Consultants, LLC
71,483
64,421 Greg Wiseman
Cottonwood Heights UT
11
12
Bell Partners Inc.
66,202
D. Bell and
63,832 Steven
Jonathan D. Bell
Greensboro
NC
12
19
BH Management Services, LLC
62,040
50,438 Harry Bookey
Des Moines
IA
13
15
Edward Rose Building Enterprise
59,264
58,319 Warren Rose
Bloomfield Hills
MI
14
14
Aimco
58,981
59,135 Terry Considine
Denver
CO
15
13
Camden Property Trust
58,948
59,899 Richard J. Campo
Houston
TX
16
41
56,620
33,560 Michael J. Schall
Palo Alto
CA
17
25
Hunt/LEDIC Management Affiliates
54,113
Hunt and
44,427 Chris
Pierce Ledbetter
El Paso
TX
18
16
52,530
55,629 Chris Hashioka
San Diego
CA
19
24
Asset Plus Companies
51,112
44,462 Michael S. McGrath
Houston
TX
20
20
The ConAm Group of Companies
51,000
50,000 Chaz Mueller
San Diego
CA
21
30
The Bozzuto Group
50,556
40,450 Thomas S. Bozzuto
Greenbelt
MD
22
18
UDR, Inc.
50,268
51,159 Thomas W. Toomey
Highlands Ranch
CO
23
21
The Related Companies
48,530
47,901 Jeff Blau
New York
NY
24
34
CFLane, LLC
47,128
38,059 Byron Cocke
Atlanta
GA
25
23
Balfour Beatty Communities
44,838
44,554 Christopher Williams
Marvern
PA
Manager
Rank
2015
Manager
Rank
2014
Units
Managed
2015
26
22
The Michaels Organization
44,589
27
29
28
27
29
Units
Managed
HQ City
HQ
State
44,813 John J. O'Donnell
Marlton
NJ
42,107
42,170 Edward J. Pettinella
Rochester
NY
Westdale Real Estate Investment & Management
41,491
43,532 Joseph G. Beard
Dallas
TX
31
Weidner Apartment Homes
41,175
38,366 Jack O'Connor
Kirkland
WA
30
26
American Campus Communities
41,045
43,072 Bill Bayless
Austin
TX
31
32
U.S. Residential Group LLC
38,942
38,347 Al Fenstermacher
Dallas
TX
32
28
Village Green
38,669
42,500 Jonathan Holtzman
Detroit/Chicago
MI
33
36
Forest City Residential Group, Inc.
37,121
35,472 Ronald A. Ratner
Cleveland
OH
34
44
Capstone Real Estate Services, Inc.
34,360
32,665 James W Berkey
Austin
TX
35
37
Milestone Management, LLC
33,816
35,547 Steve Lamberti
Dallas
TX
36
35
Gables Residential
33,440
36,081 Sue Ansel
Atlanta
GA
37
45
Harbor Group International
33,235
32,009 Robert Friedman
Norfolk
VA
38
43
The John Stewart Company
32,883
32,626 Jack D. Gardner
San Francisco
CA
Bridge Investment Group Partners
32,155
27,628 Christian V. Young
Salt Lake City
UT
JRK Property Holdings, Inc.
31,852
53,373 Jim Lippman
Los Angeles
CA
Morgan Properties
31,500
27,488 Jonathan Morgan
King of Prussia
PA
39
40
17
41
Company Name
42
39
CompassRock Real Estate LLC
30,188
34,288 David B. Woodward
New York
NY
43
50
Drucker & Falk
30,075
27,858 Kellie Falk
Newport News
VA
44
46
Sentinel Real Estate Corporation
30,000
32,000 John H. Streicker
New York
NY
45
RAM Partners, LLC
29,224
23,859 Bill Leseman
Atlanta
GA
46
LivCor, LLC
29,000
26,000 Ralph Pickett
Chicago
IL
47
Edgewood Management Corporation
28,784
25,930 Cindy Sanquist
Germantown
MD
48
49
Orion Real Estate Services, Inc.
28,214
28,324 Kirk Tate
Houston
TX
49
42
Cottonwood Residential
27,711
33,514 Chad Christensen
Salt Lake City
UT
50
47
The Lynd Company
26,992
30,651 Michael J. Lynd Jr
San Antonio
TX
7
Amping Up the Upturn
As demand continued to outpace new supply, 2014 proved the bull market
still had spring in its step.
> By Mark Obrinsky, Senior Vice President of Research and Chief Economist, National Multifamily Housing Council
Now entering its seventh year, one might expect the apartment
industry expansion to be looking a little long in the tooth. Indeed, early
in 2014 it looked like a slowdown was arriving. Instead, all indications
point to renewed strength, and the key dynamic—rising demand is
outstripping even the more rapid delivery of new supply—remains very
much in place.
Renter growth remains at historical highs. For the fourth time in
the last five years, 2014 saw an increase of more than one million new
renters. Over the last decade, the number of renters increased by more
than eight million, the highest such figure on record (which goes back
to the 1960s). Meanwhile, the homeownership rate dipped further,
ending the year at 63.9% (the lowest in 20 years).
Many of these new renters moved into small multifamily or
single-family homes, in part because there weren’t more apartments
available. New construction did increase to meet this demand. Starts
of larger multifamily homes (those in buildings with at least five units)
rose to 344,000, the highest level since 1988. This amount also falls
right in the middle of the range NMHC estimates is needed each
year to keep up with new demand (and to replace units lost due to
destruction and deterioration). Completions, which have recently
lagged starts by an average of 18 months, increased to 253,500 last year,
just below their level in 2009.
Evidence of tight markets was widespread. Absorptions of
investment-grade apartments rose by 51% to 251,745, the most since
2010 (and the second highest level since 2000). It would surely have
been higher if more apartments had been delivered in 2014. The
national occupancy rate edged up even further to 95.4%, 330 basis
points higher than the low point in 2009. Even as new construction
NMHC 50 Profile 2015
Portfolio Size
Minimum Entry Threshold
2,787,669 2,941,939 22,445
No. of Apartments Owned
No. of Apartments Managed
No. of Apartments Owned
26,992
No. of Apartments Managed
Number of Apartments Owned
Top 50
2,787,669
8
Top 10
1,255,647
Second 10
567,175
Top 25
2,031,138
Second 25
756,531
NMHC 50 Owners
Portfolio Size Measures
55,753
Number of Apartments Owned
43,452
Mean
Top 10
6.3%
Median
244,451 22,445
No. 1 Firm
No. 50 Firm
Top 25
10.5%
Top 50
14.4%
Note: Changes in ownership definition and company response make historical comparisons difficult.
Many Top Owners Reduced Their Portfolios
ramped up, same-store rents actually accelerated over the course of
the year, finishing 2014 at an average 4.6% higher than in 4Q 2013.
It’s hardly a surprise then that apartment transactions posted a
new record level of $112 billion, 9% higher than in 2013. Over onethird of that volume, a record $41.5 billion, came from sales of midand high-rise buildings. With strong fundamentals and widespread
availability of capital, it is likewise no surprise that prices for apartment
properties also continued to rise. They are now 15-20% higher
than their pre-recession peaks. And cap rates edged down further,
averaging 6.1% nationally last year—and only 5.1% on mid- and highrise properties.
These strong fundamentals permeated the NMHC 50, with a
particular emphasis on the NMHC 50 managers. The number of
apartments in the portfolios of the NMHC 50 managers rose to an
all-time high, just short of three million. The combined portfolios of
the managers were 154,270 more than the combined portfolios of
the NMHC 50 owners, the largest such difference since 1998. The
threshold for making the managers list was higher than the owners list,
as were the median and mean portfolios for apartment managers.
For the first time since 1998, all four measures (top firm, minimum
threshold, mean and median) were larger for the managers than the
owners. Two-thirds of the management firms had portfolios ranging
between 30,000 and 60,000; just 54% of owners did. Finally, 12
managers (one more than last year) and 11 owners (same as last year)
had portfolios larger than 60,000.
Many of the top NMHC 50 owners actually reduced their portfolios
in 2014. A total of 20 companies in the NMHC 50 owned fewer
apartment homes than a year ago, and the combined decrease came
to 110,008 units.
Hunt Companies retained the top spot on the NMHC 50 owners
list for the second straight year, even with an 8,884-unit decrease in its
portfolio. That decrease was a sharp change from the prior four years.
In fact, between 2010 and 2014, Hunt increased its ownership portfolio
by more than the entire portfolio owned by any other apartment firm
in those years.
Boston Capital stayed in the #2 slot despite cutting 13,581 units
from its portfolio, while last year’s third-ranked firm, AIG Affordable
Housing, slipped to #5 after dropping a net 14,417 units. As a result,
PNC Real Estate and Boston Financial Investment Management, LP
each moved up one slot. There were no ranking changes among the
next five firms: Equity Residential; The Richman Affordable Housing
Corporation; Enterprise Community Asset Management, Inc.; MAA;
and AvalonBay Communities, Inc.
Just outside the top 10 were some significant changes. Aimco shed
8,217 units from its portfolio, bringing its total to 52,336, the fewest it
has owned since 1997 and a far cry from its high-water mark in 2004 of
278,657, the most ever owned by an apartment company. Its ranking
slipped to #17, also the lowest for Aimco since 1997. Other notable
portfolio decreases were JRK Property Holdings, Inc. (-21,521) and Bell
Partners, Inc. (-20,895).
Apartment Owners On the Rise
Largest Portfolio Growth (Apartments)
Moving Up in Rank (Slots)
25 25 25
20 20 20
15 15 15
10 10 10
◾ Essex Property Trust, Inc. | +23,060
◾ BH Equities LLC | +12,661
◾ Cortland Partners, LLC | +6,573
25
25
20
20
15
15
10
5
0
10
5
◾ Raymond James Tax Credit
Funds, Inc. | +6,240 0
◾ Morgan Properties | +4,012
5
5
5
0
0
0
Essex Property
Trust, Inc. | +21
BH Equities LLC
| +11
Morgan
Properties | +7
Harbor Group
International | +7
Milestone
Management,
LLC | +7
9
On the other side of the ledger, Essex’s purchase of BRE helped it
add 23,060 units and shot up 21 spots, making it the 15th largest owner.
The other big gainer was BH Equities, whose ownership portfolio rose by
12,661, putting the firm in the #18 slot. Three firms rose seven slots in the
rankings even though their portfolio increases were not generally large:
Harbor Group International (1,511 units to #34), Morgan Properties (4,012
units to #36), and Milestone Management (501 units to #42). In all, 29
apartment firms added a combined 92,825 homes to their portfolios.
Four firms appear on this year’s list that weren’t on last year’s list.
Two companies are true newcomers: Steadfast Companies (#40) and
Cortland Partners, LLC (#43) have never been among the NMHC 50
owners, while FPA Multifamily (#49) and GID (#50) are returning
after absences of 15 years and four years, respectively. Of the four
firms that left the list, DRA Advisors LLC didn’t make the minimum
threshold and Pinnacle has refocused to concentrate on property
management. Neither Landmark Apartment Trust nor Prudential Real
Estate Investors responded to the survey.
Notably, all of the five biggest owners specialize in subsidized and
low-income housing. That leaves Equity Residential as the largest
market-rate apartment owner. MAA and AvalonBay Communities
are the other large market-rate owners among the top 10 firms. Four
firms own substantial portfolios of military housing: Balfour Beatty
Communities, Hunt Companies, Lincoln Property Company and Forest
City Residential Group, Inc. American Campus Communities is the only
REITS IN THE RANKINGS
There were nine REITs among the top 50 owners, the same number (and
the same firms) as in 2014. The most noteworthy change was the Essex
Property Trust takeover of BRE Properties (an NMHC 50 owner as recently
as 2013). That made it the fifth largest REIT measured by number of units
(up from eighth largest last year). Equity Residential, MAA and AvalonBay
Communities once again had the most units among REITs, while Camden
Property Trust moved into fourth place, as Aimco’s downsizing resulted
in its moving down to sixth among REITs. Apart from Essex and Aimco,
portfolio changes among REITs in the NMHC 50 were small.
While the NMHC 50 ranks firms by number of units owned, it is
also useful to gauge their size by the value of those units. Capturing
such data for most companies is impractical; however, public companies
report enough information to measure total capitalization, which
offers an alternative measure. Though this isn’t perfect—ownership
of non-apartment assets can substantially affect overall firm value—it
nonetheless gives a useful perspective on relative size among apartment
firms, as rankings by capitalization vary dramatically from unit ownership
rankings. In fact, the total capitalization of the top three firms ($90.5
billion) is almost 60% larger than that of the other six REITs ($56.7
billion). That is a much greater difference than one finds when looking at
units. Among these REITs, AvalonBay has the highest total capitalization
per apartment ($405,489), while MAA has the lowest ($119,577).
The biggest trend among apartment property
managers is the opposite of the contraction trend
in the owners list. Namely, the managers got bigger.
Almost all size measures showed the management
NMHC 50 at record levels.
student housing specialist in the NMHC 50, though Heitman LLC and
BH Equities LLC also own a substantial number of student housing units.
Manager Firms Increase to Record Levels
The biggest trend among apartment property managers is the opposite
of the contraction trend in the owners list. Namely, the managers
got bigger. Almost all size measures showed the management
NMHC 50 at record levels. Overall, the combined portfolios of
firms on this year’s list rose to 2,941,939 apartments, 3.0% more
than the total from last year, and an all-time high. This represented
15.2% of the entire apartment stock (rental residences in buildings
with at least five units in them). The mean and median portfolios
(58,839 and 44,714 units, respectively) were also new records, as
were the combined portfolios of the top 10 and top 25 firms.
Apartment REIT Rankings (as of January 1, 2015)
Company
Equity Residential
Apartments
with
Ownership
Interest
Unit
Rank
Among
REITs
Company Total
Capitalization
($ millions)
Cap Rank
Among
REITs
110,063
1
40,539
1
MAA
82,268
2
9,837
6
AvalonBay
Communities, Inc.
73,182
3
29,675
2
Camden Property
Trust
58,948
4
9,706
7
Essex Property
Trust, Inc.
56,620
5
20,248
3
Aimco
52,336
6
10,356
5
UDR, Inc.
50,268
7
12,230
4
Home
Properties, Inc.
42,107
8
7,315
8
American Campus
Communities
33,499
9
7,226
9
Note: Company total capitalization sums: (1) market value of shares outstanding, including operating partnership units; (2) the value of perpetual preferred stock; and (3) the book value of total debt
outstanding. Capitalization estimates for December 31, 2014, are provided by Stifel Nicolaus & Company, Inc.
10
The online leasing
revolution begins...
Seriously, a quill?
John Hancock
Find out what Ben thinks:
On-Site.com/Revolution
Proudly made in the USA
Apartment Managers
Largest Portfolio Growth (Apartments)
25
25
25
20
20
20
15
15
10
10
◾ Greystar Real Estate Partners,5 LLC5 |
+178,383
0
0
◾ Essex Property Trust, Inc. | +23,060
◾ BH Management Services, LLC |
+11,602
0
Moving Up in Rank (Slots)
50000
25
25
20
20
20
15
15
10
10
5
5
0
0
15
Essex Property
Trust, Inc. | +25
10
5
0
CFLane, LLC
| +10
Capstone
Real Estate
Services, Inc. | +10
Hunt/LEDIC Mgmt
Affiliates | +8
Harbor Group
International |+8
15
10
◾ Lincoln Property Company
|
5
+10,971
0
◾ Alliance Residential Company |
+10,151
100000
150000
Apartments Managed by Tier (thousands)
3,000
25
The Bozzuto
Group | +9
200000
◾ Top 50
◾ Top 25
◾ Top 10
2,500
2,000
1,500
1,000
500
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
The top of the NMHC 50 management list looks quite familiar—
there was only one new firm among the largest 15 managers—but that
masks some big developments. The biggest by far was the acquisition
by Greystar Real Estate Partners, LLC (last year’s top management
firm) of Riverstone Residential Group (last year’s #2 firm). That
helped make Greystar the largest apartment management firm on
record, with 393,079 apartment homes in its portfolio. Its portfolio
increase of 178,383 was also the largest increase ever. With Riverstone
gone, Lincoln Property Company, Pinnacle, Equity Residential and
WinnCompanies all moved up one slot to round out the top five firms.
The second biggest wave was the Essex acquisition of BRE,
increasing its portfolio by 23,060 units and making it the #16 manager.
Essex was also the biggest mover in the rankings, jumping up 25 slots.
Other firms with large increases in their management portfolios were
12
BH Management Services, LLC (11,602), Lincoln Property (10,971),
Alliance Residential Company (10,151) and The Bozzuto Group
(10,106). Besides Essex, the bigger gains in rankings were recorded by
CFLane, LLC (up 10 slots to #24), Capstone Real Estate Services, LLC
(up 10 slots to #34) and The Bozzuto Group (up 9 slots to #21).
Overall, 31 firms increased the number of units under
management, by a combined 329,840 units, an average of 10,640 each.
(Excluding Greystar’s big gain, the average pickup was 5,049.) For the
19 firms that shed some management units, the total decrease was
55,820, for an average drop of 2,938.
Unlike the top 50 owners list where affordable housing firms
dominate the top rankings, they are more spread out in the managers
list. Among the top 50 managers, those that managed the most
subsidized and low-income housing were No. 5 WinnCompanies
One gigabit per second.
Now that’s a high-speed amenity.
XFINITY’s Advanced Communities Network provides
fber solutions to gigabit speeds for your property.
Every resident wants more Internet speed. As an XFINITY® Community on our exclusive Advanced Communities
Network, your property will be gigabit capable, ready to support the latest integrated TV, Internet, Voice and
Home Automation experience with the X1 Entertainment Operating System® from XFINITY. And since every
property is unique, we customize our fber solutions to ft your environment. Plus, we constantly monitor
our network for consistent, reliable service and our customer support is available 24/7. Become an XFINITY
Communities property and get a better network, better entertainment and better service.
Visit comcast.com/xfnitycommunities today.
Suits available with XFINITY On Demand,
on XFINITY TV Go app and at xfnity.com/tv
Not available in all areas. Restrictions apply. Availability limited to qualifying properties. Features and programming vary depending on area and service level and
are subject to change. Call for restrictions and details. © 2015 Comcast. All rights reserved. NBCU celebrity endorsement not implied. All networks are divisions
of NBCUniversal. © NBCUniversal Media, LLC. All rights reserved.
NPA159163
In all, there were 23 firms that made the NMHC 50
management list but not the ownership list. Of those,
12 indicated they were not owners; the other 11 had
ownership portfolios too small to rank among the top
50 owners.
(31,141), No. 8 FPI Management, Inc. (29,000), No. 17 Hunt/LEDIC
Management Affiliates (28,182) and No. 3 Pinnacle (22,500). Balfour
Beatty Communities managed the most military housing units (43,081),
followed by WinnCompanies (40,779) and Lincoln Property (31,729).
This year’s NMHC 50 management list features five firms that
were not on the list last year. Bridge Investment Group Partners, with
32,155 apartment homes, debuts at #39. Morgan Properties, with
31,500 units, returns to the list after a one-year absence at #41. RAM
Partners, LLC (#45) and Edgewood Management Corporation (#47)
are both back among the top 50 managers after an absence of five
years. LivCor LLC is making its first appearance at #46.
Besides Riverstone Residential Group, four other firms exited
the NMHC 50 management list. Both McKinley, Inc. and Berkshire
Property Advisors pared their portfolios enough to miss the minimum
threshold level. Neither Lindsey Management Co., Inc. nor Landmark
Apartment Trust responded to the survey.
In all, there were 23 firms that made the NMHC 50 management
list but not the ownership list. Of those, 12 indicated they were not
owners; the other 11 had ownership portfolios too small to rank among
the top 50 owners. Similarly, 14 firms on the NMHC 50 ownership list
indicated they do not undertake any property management, meaning
that there are nine firms on the list with management portfolios, but
not enough units under management to make the cutoff. ◾
METHODOLOGY
The National Multifamily Housing Council (NMHC) partnered with
Kingsley Associates to handle the NMHC 50 survey process, although
NMHC remains solely responsible for any errors. To compile the NMHC
50 lists, both organizations gather names of owners, managers, developers
and general contractors from as wide a range of sources as possible and
contact staff from each firm that completes the survey online. Over the
years, improved outreach and increased publicity associated with the
rankings have resulted in more firms responding to the survey.
For the purposes of this survey, investment fund managers are treated
as owners only if they retain substantial equity in the apartment property
or if they maintain effective responsibility and decision-making over the
investment property. Similarly, tax credit syndicators and franchisers are
regarded as owners only if they retain a fiduciary responsibility. When
firms function strictly as advisers rather than investors, they are not
regarded as owners.
The rankings are unable to distinguish between partial and full
ownership. Some firms own sizable apartment properties through joint
ventures in which their share could range anywhere from 1% to 99%.
Others are primarily the sole owners of their apartments. In principle,
it would be desirable to account for partial ownership—treating 50%
ownership of 100 apartments as equivalent to full ownership of 50 units,
for example. In practice, it is not feasible to make such distinctions.
The survey excludes condominiums, cooperatives, hotel rooms,
nursing homes, hospital rooms, mobile homes and houses with rental
units. Rental housing for seniors (age-restricted apartments) is included,
although assisted living and congregate care facilities are not. Both
student housing and military housing are included (measured by units, not
beds). Finally, since industry concentration is measured by comparing the
top 50 owners and managers against the nation’s entire apartment stock,
only U.S. apartments are included.
At times, a firm may debut on the NMHC 50 at a high level. Generally,
this means the firm is responding to the survey for the first time, rather
than an indication of an outsized portfolio gain—although that, too,
happens on occasion. Nonetheless, despite many improvements and
everyone’s best efforts, the process remains imperfect because it relies on
both accurate reporting and surveying of the complete universe, both of
which can be fraught with problems.
There are two caveats in comparing the lists over time. First, the
definition of ownership was refined in 2006 to eliminate those investment
fund managers with neither substantial equity nor effective control over the
investment property. (Note: This change did not affect the management
list.) Second, occasionally firms that have previously been among the top 50
owners or managers have not responded to the NMHC survey1. When that
occurs, companies appear on the list that otherwise might not have been
large enough. These adjustments affect the total number of apartments
owned by the top 50 firms as well as other measures of concentration, such
as the mean and median portfolio size. For these reasons, year-to-year
comparisons must be made with great care.
1
This year, for example, Landmark Apartment Trust (#35 on last year’s NMHC owners list and #40 on the managers list), Prudential Real Estate Investors (#44 on last year’s owners list) and
Lindsey Management Co., Inc. (#33 on last year’s managers list) chose not to participate in the survey.
14
One gigabit per second.
Now that’s a high-speed amenity.
XFINITY’s Advanced Communities Network provides
fber solutions to gigabit speeds for your property.
Every resident wants more Internet speed. As an XFINITY® Community on our exclusive Advanced Communities
Network, your property will be gigabit capable, ready to support the latest integrated TV, Internet, Voice and
Home Automation experience with the X1 Entertainment Operating System® from XFINITY. And since every
property is unique, we customize our fber solutions to ft your environment. Plus, we constantly monitor
our network for consistent, reliable service and our customer support is available 24/7. Become an XFINITY
Communities property and get a better network, better entertainment and better service.
Visit comcast.com/xfnitycommunities today.
Suits available with XFINITY On Demand,
on XFINITY TV Go app and at xfnity.com/tv
Not available in all areas. Restrictions apply. Availability limited to qualifying properties. Features and programming vary depending on area and service level
and are subject to change. Call for restrictions and details. © 2015 Comcast. All rights reserved. NBCU celebrity endorsement not implied. All networks are
divisions of NBCUniversal. © NBCUniversal Media, LLC. All rights reserved.
NPA159162
2015 TOP DEVELOPERS
(25 Largest U.S. Apartment Developers as of January 1, 2015)
Developer
Rank 2015
16
Units
Started
2014
Company Name
Corporate Officer
HQ City
HQ State
1
7,500 Alliance Residential Company
Bruce Ward & V. Jay Hiemenz
Phoenix
AZ
2
5,397 Mill Creek Residential Trust LLC
Charles R. Brindell
Dallas
TX
3
4,700 Wood Partners, LLC
Ryan Dearborn, Chairman CEO
Atlanta
GA
4
4,593 Related Development, LLC
Steve Patterson
Miami
FL
5
4,565 Lennar Multifamily Communities
Todd Farrell
Charlotte
NC
6
4,044 AvalonBay Communities, Inc.
Timothy J. Naughton
Arlington
VA
7
3,983 Trammell Crow Residential
Kenneth J. Valach
Dallas
TX
8
3,896 Greystar Real Estate Partners, LLC
Robert A. Faith
Charleston
SC
9
2,658 The NRP Group LLC
J. David Heller and T. Richard Bailey
Cleveland
OH
10
2,557 Lincoln Property Company
Tim Byrne
Dallas
TX
11
2,510 Carmel Partners
Ron Zeff
San Francisco
CA
12
2,400 CAPREIT, Inc.
Dick Kadish
Rockville
MD
13
2,267 Equity Residential
David J. Neithercut
Chicago
IL
14
2,220 The Calida Group
Eric Cohen
Las Vegas
NV
15
1,790 Holland Residential
Clyde Holland
Vancouver
WA
16
1,766 The Michaels Organization
John J. O'Donnell
Marlton
NJ
17
1,610 StreetLights Residential
Tom Bakewell
Dallas
TX
18
1,596 Forest City Residential Group, Inc.
Ronald A. Ratner
Cleveland
OH
19
1,556 Flournoy Development Co., LLC
Thomas H. Flournoy
Columbus
GA
20
1,525 AMLI Residential
Greg Mutz
Chicago
IL
21
1,500 Prometheus Real Estate Group, Inc.
Jaclyn Safier
San Mateo
CA
22
1,461 EdR
Randy Churchey
Memphis
TN
23
1,458 The Dinerstein Companies
Brian Dinerstein
Houston
TX
24
1,453 GID
William H Roberts
Boston
MA
25
1,422 Woodfield Development
Greg Bonifield
Arlington
VA
2015 TOP GENERAL CONTRACTORS
(25 Largest U.S. Apartment General Contractors as of January 1, 2015)
General
Contractor
Rank 2015
Units
Started
2014
Company Name
Corporate Officer
HQ City
HQ State
1
3,781 Balfour Beatty Construction
Mark Layman
Dallas
TX
2
3,189 Rampart Construction Company, LLC
Craig Cummings
Grapevine
TX
3
3,014 Clark Builders Group
Keith Anderson
Arlington
VA
4
2,635 Carocon Corporation
Ambrose W Dittloff
Charlotte
NC
5
2,171 Fortune-Johnson, Inc.
Brett Fortune
Atlanta
GA
6
2,075 Summit Contractors Group, Inc.
Michael Padgett
Jacksonville
FL
7
1,940 Winter Park Construction (WPC)
Jeff Forrest, President
Maitland
FL
8
1,750 Harkins Builders, Inc.
Richard M. Lombardo, CEO
Marriottsville
MD
9
1,425 The Bozzuto Group
Thomas S. Bozzuto
Greenbelt
MD
10
1,360 Village Green
Jonathan Holtzman
Detroit/Chicago
MI
11
1,292 Galaxy Builders, Ltd
Neilesh Verma, President
San Antonio
TX
12
1,259 Driver URBAN
Brian Chartrand
Irvine
CA
13
1,250 KWA Construction
Keller Webster
Addison
TX
14
1,236 C.F. Evans Construction
Johnny Evans
Orangeburg
SC
15
1,200 Wermers Companies
CEO Thomas Wermers President Jeff Bunker
San Diego
CA
16
1,123 CFC Construction, Inc.
EJ Olbright
Golden
CO
17
1,097 Brown Construction Incorporated
Ron Brown
West Sacramento
CA
18
1,047 BEACH Project Management LLC
Gary Bethel
Seguin
TX
19
1,039 Jordan Foster Construction LLC
Roy Raines, COO
El Paso
TX
20
1,025 NorSouth Constructs
Bill Johnston
Savannah
GA
21
987 MKS Residential
Louis Kuntz
Solana Beach
CA
22
984 Cobalt Construction Company
Darin Kruse
Simi Valley
CA
23
900 Fincor Construction
Michael C Finn
Laurel
MD
24
900 ZMG Construction, Inc.
Kevin Somers
Longwood
Fl
25
866 LandSouth Construction, LLC
James G Pyle
Jacksonville Beach
FL
17
Alliance Residential’s Broadstone Cordevalle property is close to major highways and the
headquarters of Dell. It’s also located at the heart of its town of Round Rock, Texas.
NMHC Debuts Top 25 Developers
and Top 25 Contractors Lists
Was 2014 a High-Water Mark for Development?
> By Bendix Anderson
The nation’s growing appetite for rental housing is keeping apartment
developers and general contractors very busy. Bouncing back from the
Great Recession-induced near shutdown of apartment construction,
apartment starts have grown from 97,000 in 2009 to 341,800 in 2014.
As the NMHC 50 celebrates its 26th year, we are expanding it
to include the firms behind those starts. New this year, we are
pleased to present the NMHC Top 25 Developers and the NMHC
Top 25 General Contractors.
Alliance on top
Alliance Residential Company, No. 1 on the Top 25 Developers list,
had a breakout year in 2014. “We finally surpassed the peak of the last
cycle—2014 was our best year ever,” says Jay Hiemenz, president and
COO of Alliance.
The development company started construction on 7,500 units
of multifamily housing in which the company had an ownership stake.
That big number is up from 5,200 units the company started in 2013
18
and is 2,000 more than its nearest competitor, Mill Creek Residential
Trust, which took the No. 2 spot on the list.
Alliance plans to stay very active in 2015—but is unlikely to break
another record. “I think 2014 was the peak,” says Hiemenz.
That’s partly because development sites are getting more
expensive and difficult to find. “The easier sites or the best sites were
done earlier in the cycle,” says Hiemenz. Office, retail and for-sale
housing developers have begun to bid up prices of development sites.
“Condominium developers are paying prices that we can’t approach,”
says Hiemenz. “The competition is pretty fierce.”
Mill Creek’s CEO Charles R. Brindell, Jr., agrees. “I do think that
2014 will represent the high-water mark in terms of annualized new
apartment starts,” he says. Overall, he forecasts a 10,000 to 20,000
drop in total starts in 2015, but not because demand is falling.
Mill Creek started 5,397 units of multifamily housing in 2014 in
which the company had an ownership stake. That’s up slightly from
5,033 in 2013. “We are very comfortable with our current pace of
starts,” says Brindell.
Demand remains strong he says, but echoing Hiemenz, he notes
that it’s getting more difficult to quickly build to meet that demand.
Prime development sites and skilled construction workers are both
becoming difficult to find, which is cutting into profitability and adding
to the time it takes to complete a project.
Labor shortage holds back development
A shortage of labor has already started to hold back new development.
The list’s No. 8 firm, Greystar Real Estate Partners, LLC, actually
reduced the number of units it started in 2014 because several
2014 projects were held over into 2015. In 2014, Greystar started
construction on 3,896 units, down from 4,766 units in 2013.
“We are going to have a really big 2015,” says Bob Faith, CEO of
Greystar. But he concurs that “getting deals to pencil out takes a little
more work.”
Construction costs are rising quickly in many geographic markets,
and developers face a shortage of labor. Many construction companies
closed down during the recession, which forced a lot of construction
workers to find other work. In the framing and drywall trades, many
developers believe immigrant laborers left the U.S. to return to their
home countries when their jobs disappeared.
It used to be relatively easy to bring a framing crew of 80 workers
to a construction project, said Faith. Today a typical framing crew has
just 15 to 20 workers.
Currently, low prices for commodities and construction materials,
like concrete and steel, could help pro formas, but developers
can’t count on them still being low when it’s time for them to buy.
“Commodities are so volatile, low prices are hard to capitalize on at
any given time,” says Alliance’s Hiemenz.
Local officials are also taking longer to issue building permits. “Many
cities and towns cut their staff. They don’t have many people to process
entitlements,” says Hiemenz. “It is just taking longer to build.”
All of this volatility and delays have narrowed risk-adjusted
returns considerably over the past 24 months. With tighter margins,
developers like Greystar now wait to start construction on new
projects until all the costs have been completely negotiated.
“The continued increase in construction costs and the likelihood of
some marginal increase in interest rates during 2015 will dampen new
development starts some, but not significantly,” says Mill Creek’s Brindell.
Powerful demand provides motivation to overcome
construction challenges
Despite the increasing challenges to new development, firms are
committed to finding a way to keep building given the powerful
demand fundamentals facing the country.
Between 2009 and 2014, 4.17 million people joined the ranks of
the 20- to 34-year-old age bracket, which has a homeownership rate
of 35.9%. That should work out to 2.67 million new renters, according
to data from research firm MPF Research. But developers only
built 997,000 new apartments during that time: “a pretty staggering
differential,” says John Gray, director of investments for Lennar
Multifamily Communities, No. 5 on the list.
While some of those new renters may have gone to singlefamily rentals, that still leaves a lot of people to help absorb all the
new apartments developers are delivering. Certainly that’s what
happened in 2014.
“Nearly every market covered by the major research houses
outperformed anticipated rent growth and occupancy figures,” says
Gray. “It was a particularly big year for upside surprises in both Class B
and Garden product.”
Developers diversify
While the development party is expected to continue for at least a few
more years, the nature and location of the projects may be different
from what we’ve seen in recent years.
With core market sites harder to lock down at affordable prices,
more developers are looking to the suburbs. “We are certainly seeing
more suburban opportunities in 2015 than in 2014 and certainly 2013,”
says Alliance’s Hiemenz.
But as we heard at NMHC’s Annual Meeting in January, not all
suburbs are created equal. Most of the suburban sites the Top 25
Developers are looking at are transit-oriented and located within
walking distance of shopping and a commuter train station.
Many of the largest developers in the country have also been
growing their business by building niche property types.
Alliance plans to begin developing seniors housing in 2015; the
company has added a full-time seniors housing development expert
to its staff.
“We will hopefully see a few projects toward the end of 2015,” says
Hiemenz. Seniors housing provided an unexpected opportunity for the
company. “If you had asked me a year ago if I thought I would be in the
seniors housing business, I probably wouldn’t have said yes,” he says.
The strong performance of the seniors housing business throughout
the recession and recovery, along with new, reliable data that shows
that performance, has made the business much more attractive to
developers like Hiemenz.
The No. 9 developer in 2014, NRP Group, is planning to change
its focus in 2015 to build more affordable housing. “In 2015, we plan
to increase the affordable developments to around 10 developments
The strong performance of the seniors housing business
throughout the recession and recovery, along with new,
reliable data that shows that performance, has made the
business much more attractive to developers…
In January, Mill Creek Residential started leasing its 208 new, luxury rental
apartment at Avenue H in Dallas. High-end shopping, dining and a jogging and
biking trail are just a few blocks away.
19
and decrease the market rate to four developments,” according to a
spokesperson for NRP. That’s a sharp reversal for NRP. For the past
four years, only about 30% of the firm’s starts were affordable housing,
usually financed with federal low-income housing tax credits.
“We are concerned in several of our key markets that some
overbuilding may exist,” said their spokesperson. “We would rather
be a little early to exit markets than be too late.”
Michaels Development, No. 16 on the list, is growing its business by
expanding into student housing, a new strategy for the firm, which has
traditionally focused on affordable housing. In past years, Michaels
has also stretched itself into the development of military housing
communities. Another of the Top 25 Developers, EdR, coming in at No.
22, specializes in student housing; the firm started 1,461 units of such
housing in 2014.
Top contractors grow their business
Many of the largest general contractors also grew quickly in 2014.
Balfour Beatty Construction started work on 3,781 units of multifamily
housing for developers in 2014, up from 2,549 in 2013, earning itself the
No. 1 spot on the Top 25 Contractors list.
Rampart Construction, No. 2, also had a busy 2014, starting
construction on 3,189 units of multifamily housing, up from just 2,200
units in 2013. The firm expects to start a similar volume of work in
2015, “slowing slightly” from 2014.
The shortage of workers is the biggest challenge these contractors
face. “There are more opportunities to build than there are people
to get it done,” says Brett Fortune, CEO of Fortune-Johnson General
Contractors, No. 5, which started 2,171 apartments in 2014.
To complete all these apartments on schedule, Fortune focuses
on finding subcontractors that can provide skilled workers even
in a tight labor market. “We are uber-focused on picking the right
subcontractors… with the right team we can maintain the schedule.”
Top contractors are working with new techniques and
technologies to respond to the shortage of labor. “We will also focus
on prefabrication and other lean management techniques to increase
efficiency on-site and work around the pending labor shortage,”
according to Driver URBAN, which started construction on 1,259 units
of multifamily housing for developers in 2014, earning itself the No. 11
spot on the Top Contractors list.
Rising prices for materials are also challenging contractors. “Lumber
prices are starting to tick back again. Sheetrock is going up,” says Fortune.
“In addition to labor and pricing, we have seen the average size
of projects grow, many in excess of 300 units,” says Marc Padgett,
president of Summit Contracting Group, Inc., No. 6 with 2,075 units
under construction in 2014.
Contractors also must adapt to new regulations. “One of our
biggest challenges is new building codes and interpretations of codes,”
says Ambrose Dittloff, president of No. 4 Carocon Corp. New codes
range from requirements to include more energy-saving insulation to
requirements to include new safety technology.
Several leading development companies also work as general
contractors for other developers. For example, the Bozzuto Group,
a leading developer, earned itself the No. 8 spot on the Top 25
Contractors list by starting construction for other developers on
1,425 units of multifamily housing in 2014. Village Green, the No. 10
contractor with 1,360 units, also has a long history in development.
The company plans to expand both its development and contracting
activity to new markets including Toronto, Canada; Louisville,
Kentucky; Kansas City and Philadelphia. ◾
This year Alliance Residential will break ground on Broadstone Domain at Brickell in Miami, Fla.
The 21-story high-rise is a short walk away from numerous restaurants, shops and night spots.
20
Enabling Progress
Citi Community Capital
po
rogr ss.
r ng
Bu ld ng Co
“
opl .
un t
“
nabl ng
s.
“Three principles at the core of what we stand for — to invest our resources with
those who share the vision of using housing as the foundation for lasting social
and economic growth across the country."
— Mark Dean,
Managing Director
Citi Community Capital’s responsible lending practices help address social issues
through the financing of safe and affordable housing.
Citi is the #1 affordable housing lender as ranked by Affordable Housing Finance. We have the
nationwide talent and platform to provide affordable housing solutions.
Citi. Your Community Development Partner.
citicommunitycapital.com
© 2014 Citigroup Global Markets Inc. Member SIPC. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup, Inc.
2015 NMHC OFFICERS
CHAIRMAN
Daryl J. Carter
Avanath Capital
Management
Irvine, CA
VICE CHAIRMAN
TREASURER
Robert E. DeWitt
GID
Boston, MA
Gables Residential
Dallas, TX
FORMER CHAIRMEN
Kelley A. Bergstrom
C. Preston Butcher
Ric Campo
Douglas Crocker, II
SECRETARY
Susan Ansel
Allen Cymrot
Peter F. Donovan
William H. Elliott
David R. Schwartz
Waterton
Associates, L.L.C.
Chicago, IL
Richard L. Fore
Randolph G. Hawthorne
Gary T. Kachadurian
PRESIDENT
Douglas M. Bibby
National Multifamily
Housing Council
Washington, DC
Mary Ann King
Duncan L. Matteson, Sr.
Richard L. Michaux
IMMEDIATE PAST
CHAIRMAN
Thomas S. Bozzuto
The Bozzuto Group
Greenbelt, MD
Robert Sheridan
Geoffrey L. Stack
Leonard W. Wood
EXECUTIVE COMMITTEE
Patti Fielding
Aimco
Denver, CO
Patti Shwayder
Aimco
Denver, CO
V. Jay Hiemenz
Alliance Residential
Company
Phoenix, AZ
James M. Krohn
Alliance Residential
Company
Phoenix, AZ
William C.
Bayless, Jr.
American Campus
Communities
Austin, TX
William W. Talbot
American Campus
Communities
Austin, TX
Marc E. deBaptiste
ARA
Boca Raton, FL
Gary T.
Kachadurian
ARA
Hinsdale, IL
Sean J. Breslin
AvalonBay
Communities, Inc.
Arlington, VA
Leo S. Horey
AvalonBay
Communities, Inc.
Arlington, VA
Daryl J. Carter
Avanath Capital
Management
Irvine, CA
John Williams
Avanath Capital
Management
Irvine, CA
Tom Keady
The Bainbridge
Companies
Cary, NC
Richard Schechter
The Bainbridge
Companies
Wellington, FL
Jonathan D. Bell
Bell Partners
Greensboro, NC
Lili F. Dunn
Bell Partners
Alexandria, VA
Frank Lutz
Berkadia
Horsham, PA
Alan King
Berkshire Property
Advisors
Alpharetta, GA
David J. Olney
Berkshire Property
Advisors
Boston, MA
Thomas S. Bozzuto
The Bozzuto Group
Greenbelt, MD
Julie A. Smith
Bozzuto
Management
Company
Greenbelt, MD
22
EXECUTIVE COMMITTEE
Laurie A. Baker
Camden Property
Trust
Houston, TX
Keith Oden
Camden Property
Trust
Houston, TX
Grace Huebscher
Capital One
Multifamily Finance
Bethesda, MD
Christopher Beda
Carmel Partners, Inc.
San Francisco, CA
Ron Zeff
Carmel Partners, Inc.
San Francisco, CA
Peter F. Donovan
CBRE
Boston, MA
Brian F. Stoffers
CBRE Capital
Markets
Houston, TX
Robert D. Greer, Jr.
Clarion Partners
Washington, DC
Nathan S. Collier
The Collier
Companies
Gainesville, FL
J. Andrew
Hogshead
The Collier
Companies
Gainesville, FL
Daniel J. Epstein
The ConAm Group
San Diego, CA
Rob Singh
The ConAm Group
San Diego, CA
Paul G. Kerr
Davlyn Investments
San Diego, CA
Jon D. Williams
Davlyn Investments
San Diego, CA
Alan W. George
Equity Residential
Chicago, IL
Adam Berry
Essex Property
Trust, Inc.
Palo Alto, CA
Susanne Hiegel
Fannie Mae
Washington, DC
Manuel Menendez
Fannie Mae
Washington, DC
Deborah RatnerSalzberg
Forest City
Enterprises, Inc.
Washington, DC
Ronald A. Ratner
Forest City
Residential
Group, Inc.
Cleveland, OH
David Brickman
Freddie Mac
Mc Lean, VA
John M. Cannon
Freddie Mac
New York, NY
Susan Ansel
Gables Residential
Dallas, TX
Dawn Severt
Gables Residential
Trust
Atlanta, GA
Robert E. DeWitt
GID
Boston, MA
Stacy G. Hunt
Greystar Real Estate
Partners, LLC
Houston, TX
William C. Maddux
Greystar Real Estate
Partners, LLC
Charleston, SC
Joe Mosley
Greystone Servicing
Corporation, Inc.
New York, NY
Billy Posey
Greystone Servicing
Corporation, Inc.
Memphis, TN
Laura A. Beuerlein
Heritage Title
Company of
Austin, Inc.
Austin, TX
Gary S. Farmer
Heritage Title
Company of
Austin, Inc.
Austin, TX
Mona Keeter
Carlton
HFF
Dallas, TX
Matthew Lawton
HFF
Chicago, IL
Clyde P. Holland
Holland Partner
Group
Vancouver, WA
Edward J.
Pettinella
Rochester, NY
23
EXECUTIVE COMMITTEE
William T. Hyman
Hunt Mortgage
Group
New York, NY
Jeffrey T. Morris
Jones Lang LaSalle
Americas, Inc.
Orlando, FL
Jubeen F. Vaghefi
Jones Lang LaSalle
Americas, Inc.
Miami, FL
Dan Baker
KeyBank Real Estate
Capital
Chicago, IL
James H. Callard
Klingbeil Capital
Management/
American Apartment
Communities
Annapolis, MD
Guy K. Hays
Legacy Partners
Foster City, CA
W. Dean Henry
Legacy Partners
Residential, Inc.
Foster City, CA
Brian C. Byrne
Lincoln Property
Company
Oak Brook, IL
Margette G.
Hepfner
Lincoln Property
Company
Dallas, TX
H. Eric Bolton, Jr.
MAA
Memphis, TN
Albert M.
Campbell, III
MAA
Memphis, TN
John J. Kerin
Marcus & Millichap
Calabasas, CA
Hessam Nadji
Marcus & Millichap
Company
Walnut Creek, CA
Jeffrey Goldberg
Milestone Group
New York, NY
Steven T. Lamberti
Milestone
Management
Dallas, TX
Charles R.
Brindell, Jr.
Mill Creek
Residential Trust LLC
Dallas, TX
Mark Alfieri
Monogram
Residential Trust
Plano, TX
Peggy Daly
Monogram
Residential Trust
Plano, TX
Mary Ann King
Moran & Company
Irvine, CA
Thomas F. Moran
Moran & Company
Chicago, IL
Kerry R. French
NorthMarq
Capital, Inc.
Houston, TX
Eduardo Padilla
NorthMarq
Capital, Inc.
Minneapolis, MN
Gary Goodman
Passco Companies,
LLC
Irvine, CA
Larry Sullivan
Passco Companies,
LLC
Irvine, CA
Larry Goodman
Pinnacle
Addison, TX
Rick Graf
Pinnacle
Addison, TX
Marc S. Pollack
Pollack Shores Real
Estate Group
Atlanta, GA
Steven L. Shores
Pollack Shores Real
Estate Group
Atlanta, GA
David P. Stockert
Post Properties, Inc.
Atlanta, GA
Jamie Teabo
Post Properties, Inc.
Atlanta, GA
Donna Preiss
The Preiss Company
Raleigh, NC
David Durning
Prudential Mortgage
Capital Company
Chicago, IL
Michael Bissell
SARES*REGIS Group
Irvine, CA
Geoffrey L. Stack
SARES*REGIS Group
Irvine, CA
Timothy J. Hogan
Trammell Crow
Residential
Dallas, TX
24
Welcome to the RentPath family.
Relax! When you partner with RentPath, you get the digital power of four leading brands—
Apartment Guide, Rent.com, Lovely and Rentals.com. Along with that comes a number-one
ranking in trafc and generating quality leads. All powered by the strength of one RentPath—
the leader in Value, Innovation and Performance.
Bring the VIP power of our network to your community today.
To learn more:
877-394-9599
[email protected]
RentPath.com/Advertise
Value Innovation Performance
Based on January 2015 comScore Real Estate category of sites; Internal RentPath data. ©2015 RentPath, Inc. All rights reserved. All photos, videos, text and other content
are the property of RentPath, Inc. APARTMENT GUIDE, RENT.COM, RENTALS and LOVELY, and the APARTMENT GUIDE, RENT.COM, RENTALS and LOVELY Trade Dress are
registered trademarks of RentPath, Inc. or its afliates.
EXECUTIVE COMMITTEE
Kenneth J. Valach
Trammell Crow
Residential
Houston, TX
Michael E.
Tompkins
TriBridge
Residential LLC.
Atlanta, GA
Frank Middleton
Wood Partners, LLC
Mill Valley, CA
Curtis W. Walker
Wood Partners, LLC
Atlanta, GA
Thomas W.
Toomey
UDR, Inc.
Highlands Ranch, CO
Warren L. Troupe
UDR, Inc.
Highlands
Ranch, CO
David R. Schwartz
Waterton
Associates, L.L.C.
Chicago, IL
Vincent R. Toye
Wells Fargo
Multifamily Capital
New York, NY
Alan Wiener
Wells Fargo
Multifamily Capital
New York, NY
EXECUTIVE COMMITTEE NOT PICTURED
Ernest F. Katai
Berkadia
Southfield, MI
Mark J. Parrell
Equity Residential
Chicago, IL
Jeff Lee
Capital One Multifamily Finance
Bethesda, MD
Erik J. Alexander
Woodland Hills, CA
Edward Carey
Clarion Partners
New York, NY
Katie Thompson
KeyBank Real Estate Capital
Dallas, TX
26
Kristen Klingbeil-Weis
Klingbeil Capital Management/
American Apartment Communities
Santa Barbara, CA
John Preiss
The Preiss Company
Raleigh, NC
Jerry LaPointe
Western National Properties
Irvine, CA
Achieve 1-3% revenue lift over the market’s performance*
like some of your multifamily executive and pricing manager peers
already are. LRO helps them effectively optimize rates and maximize
lease revenue.
Start seeing lifts in your revenue! Call us at 404.433.2582 or
go to RainmakerLROmfe.com to learn more about LRO, its ease of
implementation and to schedule a demo.
Now Available
RAINMAKER LRO® MOBILE enables management executives and pricing
managers instant access to full interaction with Rainmaker LRO pricing
functions and reports in real-time via smartphone or tablet. Download is free
from Google Play and the App Store.
RAINMAKER LRO® AUTOMATED COMPS takes the burden off of site teams to
collect comp data by automatically gathering competitor market pricing. Users
can choose their own custom competitor sets and leverage market intelligence
reports populated from Rainmaker LRO with comp pricing analysis and trends.
©2015 LRO® is a registered trademark of
The Rainmaker Group Ventures, LLC.
All rights reserved.
*Rainmaker typical client results; data on fle 2014
www.LetItRain.com
BOARD OF DIRECTORS
Ed Hurley
Acre Capital LLC
Plano, TX
Jeffery Daniels
AIG Global
Real Estate
Investment Corp.
New York, NY
Donald Huffner
AIG Global Real
Estate Investment
Corp.
New York, NY
Tim L. Myers
Allied Realty
Houston, TX
Ricardo Rivas
Allied Orion Group
Houston, TX
Boca Raton, FL
Joel L. Altman
Altman Development
Corporation
Boca Raton, FL
Michael H. Godwin
Ambling
Management
Company LLC
Valdosta, GA
Rodrigo Lopez
AmeriSphere
Multifamily Finance,
LLC
Omaha, NE
Scott G. Suttle
AmeriSphere
Multifamily Finance,
LLC
Bethesda, MD
Steve F. Hallsey
AMLI Management
Company
Chicago, IL
Gregory T. Mutz
AMLI Residential
Properties, L.P.
Chicago, IL
Kimberly J. Sperry
Amstar Group, LLC
Denver, CO
Lauren A.
Brockman
Anbrock, LLC
Denver, CO
Blake Okland
ARA
Charlotte, NC
Thomas P.
MacManus
ARA Finance, LLC
Boca Raton, FL
Neil T. Brown
ArchCo Residential
Atlanta, GA
Steven Wolf
Ares Management
New York, NY
Morgan Anderson
Arthur J. Gallagher
& Co.
Irvine, CA
Jason A. Friedman
Associated Estates
Realty Corporation
Richmond Heights, OH
Lin Atkinson
AT&T Connected
Communities
Atlanta, GA
Thuy Woodall
AT&T Connected
Communities
Milton, GA
Leslie O. Andren
Atlas Apartment
Homes, LLC
Chicago, IL
Michael G. Miller
AUM
Lombard, IL
Walt Smith
Avenue5
Residential, Inc.
Seattle, WA
Phillip E. Bogucki
AZUMA Leasing
Austin, TX
BJ Rosow
AZUMA Leasing
Austin, TX
James P. Cooke
Ballard Spahr
Washington, DC
John K. Powell, Jr.
Bellwether Enterprise
Real Estate
Capital, LLC
Chicago, IL
Mark Forrester
Berkadia
Phoenix, AZ
David Oakley
Berkadia
Birmingham, AL
Jeffrey C. Day
Berkeley Point
Capital LLC
Bethesda, MD
Harry Bookey
BH Equities, LLC
Des Moines, IA
Dwight D.
Dunton, III
Bonaventure Realty
Group, LLC
Arlington, VA
Mark W. Dunne
Boston Capital
Corporation
Boston, MA
John P. Manning
Boston Capital
Corporation
Boston, MA
28
BOARD OF DIRECTORS
David R. Minnick
Bridge Investment
Group Partners
Murray, UT
Danuel R. Stanger
Bridge Investment
Group Partners
Murray, UT
Bradley B.
Chambers
Buckingham
Companies
Indianapolis, IN
B. Diane Butler
Butler Burgher
Group
Dallas, TX
David J. Adelman
Campus Apartments
Philadelphia, PA
Miles H. Orth
Campus Apartments
Philadelphia, PA
Anthony Orso
Cantor Commercial
Real Estate (CCRE)
New York, NY
Ernest L. Heymann
CAPREIT, Inc.
Rockville, MD
Richard L. Kadish
CAPREIT, Inc.
Rockville, MD
L. Marc Carter
Carter Haston
Holdings, LLC
Nashville, TN
Tyler Anderson
CBRE
Phoenix, AZ
Stephen J. Zaleski
CBRE Global
Investors, LLC
Boston, MA
Richard Gerwitz
Citi Community
Capital
Los Angeles, CA
Rick Craig
CityStreet Residential
Partners
Houston, TX
John Cutrer
CityStreet Residential
Partners
Houston, TX
Mark J. Feldman
Colliers International
San Francisco, CA
Brian Ward
Colliers International
Seattle, WA
Patrick Nugent
Commercial
Insurance Solutions
Group
Dallas, TX
David B.
Woodward
CompassRock
Real Estate LLC
Denver, CO
Jerry Davis
Conservice Utility
Management
& Billing
Prosper, TX
Stewart Hsu
Conti Organization
Addison, TX
Carlos P. Vaz
Conti Organization
Addison, TX
Jason Rosa
Continental Realty
Advisors, Ltd.
Littleton, CO
David W. Snyder
Continental Realty
Advisors, Ltd.
Littleton, CO
James W. Harris
CoreLogic SafeRent
Rockville, MD
James Henderson
Cornerstone Real
Estate Advisers LLC
Hartford, CT
Michael Cohen
CoStar
Boston, MA
Marc D. Goldstein
Covington
Development, LLC
Saint Louis, MO
Benjamin Collins
Crescent Communities
Charlotte, NC
James Curran
Crescent
Communities
Atlanta, GA
Brian Natwick
Crescent
Communities
Charlotte, NC
Dodge Carter
Crow Holdings
Capital
Partners, LLC
Dallas, TX
Steven Weilbach
Cushman &
Wakefield
San Francisco, CA
Byron L. Moger
Cushman &
Wakefield
Tampa, FL
Paula J. Poskon
D.A. Davidson &
Company
New York, NY
30
BOARD OF DIRECTORS
Brian L. Dinerstein
The Dinerstein
Companies
Houston, TX
Andrew K. Dolben
The Dolben
Company, Inc.
Woburn, MA
Deane H. Dolben
The Dolben
Company, Inc.
Woburn, MA
Adam C. Breen
DRA Advisors, LLC
New York, NY
David Luski
DRA Advisors, LLC
New York, NY
Wendy Drucker
Drucker & Falk, LLC
Newport News, VA
Kellie J. Falk
Drucker & Falk, LLC
Raleigh, NC
Jeffrey Scott
Eastdil Secured, LLC
Washington, DC
Phil H. Carlock
ECI Group, Inc.
Atlanta, GA
Seth Greenberg
ECI Group, Inc.
Atlanta, GA
Randy Churchey
Education Realty
Trust, Inc.
Memphis, TN
Thomas Trubiana
Education Realty
Trust, Inc.
Memphis, TN
Michael Edward
Gorman
Edward Rose & Sons
Carmel, IN
Warren Rose
Edward Rose & Sons
Bloomfield Hills, MI
Trey Embrey
Embrey
Partners, Ltd.
San Antonio, TX
Gregory L. Engler
Engler Financial
Group, LLC
Alpharetta, GA
Patrick Jones
Engler Financial
Group, LLC
Alpharetta, GA
Kathleen
Felderman
EPIC
San Francisco, CA
Jonathan Griffiths
EPIC
San Francisco, CA
Christopher E.
Hashioka
Fairfield Residential
Company LLC
San Diego, CA
Gregory R. Pinkalla
Fairfield Residential
Company LLC
San Diego, CA
Jeffery R. Hayward
Fannie Mae
Washington, DC
Hilary Provinse
Fannie Mae
Washington, DC
George Fisher
Ferguson Enterprises
Augusta, GA
Tom Kopfler
Ferguson Enterprises
Augusta, GA
Richard N.
Shinberg
First Capital
Realty, Inc.
Bethesda, MD
Les Zimmerman
First Capital
Realty, Inc.
Bethesda, MD
Robert L.
Johnston
First Communities
Atlanta, GA
Mark A. Fogelman
Fogelman
Management Group
Memphis, TN
Richard L.
Fogelman
Fogelman Properties
Memphis, TN
Tom Etheredge
Forestar Group, Inc.
Austin, TX
Wayne E.
McDonald
Forestar Group, Inc.
Austin, TX
Gregory A. Fowler
FPA Multifamily
San Francisco, CA
CJ Edmonds
G5
Bend, OR
Robert Dean
GE Real Estate
Washington, DC
31
BOARD OF DIRECTORS
Linda Zeller
Gerson Bakar &
Associates
San Francisco, CA
John J. Gray, III
Grayco Partners LLC
Houston, TX
Kieran Quinn
Guggenheim
Commercial Real
Estate Finance, LLC
Atlanta, GA
Jordan E. Slone
Harbor Group
International
Norfolk, VA
Curt Hensel
HD Supply
San Diego, CA
Paula
Presenkowski
HD Supply
San Diego, CA
James M. Bachner
Heitman LLC
Chicago, IL
Jim Dunlop
Hines
Washington, DC
Greg Faulkner
Humphreys &
Partners
Architects, L.P.
Dallas, TX
Mark Humphreys
Humphreys &
Partners
Architects, L.P.
Dallas, TX
John Larson
Hunt Mortgage
Group (formerly
Centerline)
Dallas, TX
Tracy Simonton
Legg
Hunter Warfield, Inc.
Denver, CO
Todd Wahl
Hunter Warfield, Inc.
Tampa, FL
Kevin George
InfoTycoon
Atlanta, GA
Dave Brackett
The Irvine Company
Apartment
Communities “IAC”
Irvine, CA
Charles E. Mueller, Jr.
The Irvine Company
Apartment
Communities “IAC”
Irvine, CA
Allina Boohoff
J.P. Morgan Asset
Management
New York, NY
A SPECIAL ADVERTISING SECTION TO NATIONAL REAL ESTATE INVESTOR
G. Joseph Cosenza
The Inland Real
Estate Group, Inc.
Oak Brook, IL
David Kapiloff
Insgroup, Inc.
Houston, TX
Will Balthrope
Institutional Property
Advisors, a Marcus &
Millichap Company
Dallas, TX
Peter Katz
Institutional Property
Advisors, a Marcus &
Millichap Company
Phoenix, AZ
Board of Directors
Jamie B. May
James A. Butz
Kai Reynolds
Tiffany Butcher
High
Gregory JBM
G. Lamb
James A.
Institutional Richard J.Jefferson
TheButz
JBG Companies
The JBG Companies
Corcoran Group
&
JeffersonMultifamily
ApartmentAdvisorsJohn M.Apartment
Apartment
Chevy Chase, MD
Chevy Chase, Jefferson
MD
Company
Group Tampa, FL
Group
Mc Lean, VA
Braintree, MA
McLean, VA
McLean, VA
Gregory G. Lamb
John W.
Bray
Jefferson
JonesApartment
Lang LaSalle
Group
Americas,
Inc. VA
Mc Lean,
Atlanta, GA
Richard J. High
Faron
G. M.
Thompson
John
Corcoran
Jones &Lang
LaSalle
Company
Americas,
Braintree,Inc.
MA
Atlanta, GA
Jennings D. Glenn
John Falco
Peggy Robinson
Kurt Zech
Cindy Clare
Robinson
John
FalcoAssociates Peggy
Kane Realty Angela Mago
Kingsley
Kingsley
Associates
Kennedy WilsonKatie Thompson
Kettler
Kingsley Atlanta,
Associates
Estate
KeyBank Real Estate
Corporation
Atlanta, GA
GA
Company KeyBank RealMc
Lean, VA Kingsley Associates
Atlanta, GA
Atlanta, GA
Capital
CapitalSan Francisco, CA
Raleigh, NC
Dallas, TX
Cleveland, OH
Rohit Anand
Rohit
KTGY Anand
Group Inc.
KTGYVienna,
Group VA
Inc.
Vienna, VA
32
Faron G. Thompson
Cindy
Jones
LangClare
LaSalle
Kettler Inc.
Americas,
McLean,
VA
Atlanta, GA
Jay Olander
Jay Olander
Landmark
Apartment
Landmark
Apartment
Trust
Trust
America,
of of
America,
Inc.Inc.
Richmond,VA
VA
Richmond,
Unit 412 planned to move, until the manager received
the Kingsley survey and acted on the results.
MOTIVATE ACTION. GENERATE RESULTS.
The survey program most utilized among NMHC 50 frms.
Resident turnover is expensive, and often unnecessary. Industry leaders turn to
Kingsley Associates to increase resident retention and satisfaction. Through real
time dashboards, performance benchmarks, and action-oriented reporting,
clients are well positioned to reduce resident turnover and increase proftability.
Proud partner on the NMHC 50 survey
www.kingsleyassociates.com
Please visit our website or call 770.908.1220 to learn more about our resident
survey, employee engagement, and client feedback programs.
BOARD OF DIRECTORS
Tom Klaess
The Laramar
Group, LLC
Greenwood
Village, CO
Christine Akins
LaSalle Investment
Management, Inc.
Chicago, IL
Peter P. DiLullo, Jr.
LCOR Incorporated
Berwyn, PA
Thomas J. O’Brien
LCOR Incorporated
Berwyn, PA
Jay J. Eisner
LEM Capital, L.P.
Philadelphia, PA
John Gray
Lennar Multifamily
Communities, LLC
Charlotte, NC
Thomas F.
McCoy, Jr.
Lockton
Companies, LLC
Denver, CO
Charles M.
McDaniel
Lockton
Companies, LLC
Denver, CO
Jeffery Lowry
Madera Equity
Lubbock, TX
Charles Young
Madera Equity
Lubbock, TX
Dean Holmes
Madison
Apartment Group
Philadelphia, PA
Joseph F. Mullen
Madison
Apartment Group
Philadelphia, PA
Nicholas
Michael Ryan
The Marquette
Companies
Naperville, IL
Darren R. Sloniger
The Marquette
Companies
Naperville, IL
Gerald J. Haak
MAXX Properties
Harrison, NY
Andrew R. Wiener
MAXX Properties
Harrison, NY
Dan McCaffery
McCaffery
Interests, Inc.
Chicago, IL
Michael C.
McDougal
McDougal
Properties, L.C.
Lubbock, TX
Tristan Thoma
McDougal
Properties, L.C.
Lubbock, TX
Kenneth Lee
McDowell Properties
San Francisco, CA
W. Patrick
McDowell
McDowell Properties
Miami, FL
Albert Berriz
McKinley
Ann Arbor, MI
Ken Polsinelli
McKinley
Ann Arbor, MI
Melanie Morrison
MEB Management
Services
Tucson, AZ
Jodi Sheahan
MEB Management
Services
Phoenix, AZ
Alasdair Cripps
Mesirow Financial
Chicago, IL
Charles Kendrick
Mesirow Financial
Chicago, IL
Mark Gleiberman
MG Properties
San Diego, CA
Christopher C.
Finlay
Middleburg Capital
Fairfax, VA
Alexandra Jackiw
Milhaus
Indianapolis, IN
Tadd Miller
Milhaus
Indianapolis, IN
Paul Harris
Moran & Company
Dallas, TX
Michael S.
Morgan
The Morgan
Group, Inc.
Houston, TX
Alan Patton
The Morgan Group,
Inc.
Houston, TX
Jonathan Morgan
Morgan Properties
King of Prussia, PA
34
BOARD OF DIRECTORS
Mitchell L. Morgan
Morgan Properties
King of Prussia, PA
Brian Zrimsek
MRI Software
Solon, OH
Joshua Goldfarb
Multi Housing
Advisors
Atlanta, GA
Marc G. Robinson
Multi Housing
Advisors
Charlotte, NC
Gina M. Dingman
NAI Everest
Minneapolis, MN
Henry M. Nevins
NALS Apartment
Homes
Santa Barbara, CA
James Kuhn
Newmark Grubb
Knight Frank
New York, NY
Richard Burns
The NHP Foundation
New York, NY
Kyle Lovelady
The NRP Group
San Antonio, TX
Robert A. Esposito
NWP Services
Corporation
Pembroke Pines, FL
Kevin Filter
Oak Grove Capital
Saint Paul, MN
Jake Harrington
On-Site.com
Campbell, CA
Gene R. Blevins
Orion Real Estate
Services
Houston, TX
Pam McGlashen
Orion Real Estate
Services
Houston, TX
Arthur J. Cole
Pacific Urban
Residential
Palo Alto, CA
Alfred V. Pace
Pacific Urban
Residential
Palo Alto, CA
Stanley W. Sloter
Paradigm
Development
Company
Arlington, VA
David Onanian
PAS Purchasing
Solutions
Houston, TX
Randall M.
Paulson
PAS Purchasing
Solutions
Plano, TX
David R. Picerne
Picerne Real
Estate Group
Phoenix, AZ
Manny Brown
Pillar
Chicago, IL
D. Scott Bassin
PNC Real Estate
Pittsburgh, PA
William Thomas
Booher
PNC Real Estate
San Francisco, CA
Steven A. Berger
PRG Real Estate
Philadelphia, PA
Sam Foster
PRG Real Estate
Philadelphia, PA
Seth Martin
Pritzker Realty
Group, LLC
Chicago, IL
John D. Millham
Prometheus
Walnut Creek, CA
Benjamin Zimmer
Property Solutions
Lehi, UT
Bruce LaMotte
Providence
Management
Company, L.L.C.
Glenview, IL
Alan Pollack
Providence
Management
Company, L.L.C.
Glenview, IL
Martha Burrows
Prudential Real
Estate Investors
Atlanta, GA
Susan M. Mello
Prudential Real
Estate Investors
Madison, NJ
Bruce Barfield
Rainmaker LRO
Alpharetta, GA
Tammy Farley
Rainmaker LRO
Alpharetta, GA
Adam Ducker
RCLCO
Bethesda, MD
35
BOARD OF DIRECTORS
Charles A. Hewlett
RCLCO
Bethesda, MD
Stephen T. Winn
RealPage, Inc.
Carrollton, TX
Michael J. Moran
Red Mortgage
Capital, LLC
Dallas, TX
Todd A. Rodenberg
Red Mortgage
Capital, LLC
Dallas, TX
Russell L. Dixon
RedHill Realty
Investors, LP
San Diego, CA
Judy Bellack
RentPath
Boca Raton, FL
Arlene Mayfield
RentPath
Norcross, GA
J. Brian Peters
Rose Associates, Inc.
New York, NY
W. Michael
Doramus
Sarofim Realty
Advisors
Dallas, TX
David Evemy
Sarofim Realty
Advisors
Dallas, TX
Avi Lewittes
The Scion Group
Chicago, IL
Jason Taylor
The Scion Group
Chicago, IL
James D. Scully Jr.
Scully Company
Jenkintown, PA
Michael A. Scully
Scully Company
Jenkintown, PA
W. Steve Gilmore
Shea Properties
Aliso Viejo, CA
Colm Macken
Shea Properties
Aliso Viejo, CA
J. Robert Love
Simpson
Housing LLLP
Atlanta, GA
Ella Neyland
Steadfast
Income REIT
Irvine, CA
Michael Katz
Sterling American
Property Inc.
Great Neck, NY
Tarak Patolia
Sterling American
Property Inc.
Great Neck, NY
Jay Jacobson
Stiles Residential
Group
Ft Lauderdale, FL
Dan O’Connell
Time Warner Cable
New York, NY
Shari McKoin
TransUnion Rental
Screening Solutions
Greenwood
Village, CO
Brian J. Tusa
Trinsic Residential
Group
Dallas, TX
Greg Campbell
TruAmerica
Multifamily
Los Angeles, CA
Robert E. Hart
TruAmerica
Multifamily
Sherman Oaks, CA
Russell A.
Vandenburg
TVO North America
El Paso, TX
Wayne A.
Vandenburg
TVO Groupe LLC
Chicago, IL
David J. Ingram
UBS Realty
Investors LLC
Hartford, CT
Jeffrey G. Maguire
UBS Realty
Investors LLC
Hartford, CT
Peter E. Baccile
UBS Securities, LLC
New York, NY
Geoffrey C. Brown
USA Properties
Fund, Inc.
Roseville, CA
Karen McCurdy
USA Properties
Fund, Inc.
Roseville, CA
Michael Keyes
Ferris
Valet Waste, LLC
Tampa, FL
Syd McDonald
Valet Waste, LLC
Tampa, FL
36
APARTMENT
LEADERSHIP
RESIDES
HERE
Leading, connecting, influencing, and
informing the American apartment industry
since 1978—NMHC is where the industry’s
best and brightest gather to shape a positive
future for their businesses, the industry
and the communities they help build.
www.nmhc.org
BOARD OF DIRECTORS
Jonathan
Holtzman
Village Green
Companies
Farmington Hills, MI
Brendan Coleman
Walker & Dunlop
Bethesda, MD
Howard W.
Smith, III
Walker & Dunlop
Bethesda, MD
Raymond D.
Barrows
Waypoint Residential
Atlanta, GA
Jack O’Connor
Weidner Property
Management LLC
Kirkland, WA
W. Dean Weidner
Weidner Property
Management LLC
Kirkland, WA
Timothy J.
Connelly
Whiteco
Residential LLC
Merrillville, IN
Charles W.
Brammer, Jr.
The Wilkinson
Group, Inc.
Atlanta, GA
Phillip R. Deguire
The Wilkinson
Group, Inc.
Atlanta, GA
Lawrence H.
Curtis
WinnDevelopment
Boston, MA
Ronald V.
Granville
Woodmont Real
Estate Services
Belmont, CA
Brigitta Eggleston
Yardi Systems, Inc.
Santa Barbara, CA
Brad Stetser
Yardi Systems, Inc.
Santa Barbara, CA
Samuel C.
Stephens, III
ZOM Companies
Orlando, FL
Greg West
ZOM Companies
Fort Lauderdale, FL
BOARD OF DIRECTORS NOT PICTURED
Jeffery A. Roberts
Altman Development Corporation
Boca Raton, FL
Steven Ivankovich
Atlas Apartment Homes, LLC
Chicago, IL
James B. Knight
Bury+Partners, Inc.
Dallas, TX
Mark Dean
Seattle, WA
Brad Long
Apartments.com
Chicago, IL
David Carpenter
AUM
Elmhurst, IL
Nick Moulinet
Bury+Partners, Inc.
Dallas, TX
Cliff Alsberg
CohnReznick LLP
Atlanta, GA
Alexis Gessner
Arbor Commercial Mortgage, LLC
Uniondale, NY
Stephen Davis
Avenue5 Residential, Inc.
Seattle, WA
Kyle Lewallen
Butler Burgher Group
Austin, TX
Justin Trail
Commercial Insurance Solutions Group
Dallas, TX
Bonnie Habyan
Arbor Commercial Mortgage, LLC
Uniondale, NY
Dan French
Avesta Communities
Tampa, FL
Jeffrey Cagan
Cagan Management Group, Inc.
Skokie, IL
Daniel J. Minahan
Continental Properties Company, Inc.
Menomonee Falls, WI
Alexandra Glickman
Arthur J. Gallagher & Co.
Irvine, CA
Rachel Ridley
Avesta Communities
Tampa, FL
Aaron Halfacre
Campus Crest Communities
Charlotte, NC
James H. Schloemer
Continental Properties Company
Menomonee Falls, WI
Nicole Kane
Asset Essentials
San Antonio, TX
Mary Jo George
Ballard Spahr
Washington, DC
Harris Haston
Carter Haston Holdings, LLC
Nashville, TN
Pam Storm
CoreLogic SafeRent
Norcross, GA
Chad McCaleb
Asset Essentials
San Antonio, TX
Deborah Rogan
Bellwether Enterprise Real Estate
Capital, LLC
Cleveland, OH
DeAnna Thomas
CBRE Global Investors, LLC
Boston, MA
Andrew Williams
Cornerstone Real Estate Advisers LLC
Hartford, CT
Brooks Castellaw
CFLane, LLC
Atlanta, GA
Mark Klionsky
CoStar
Washington, DC
Jeffrey I. Friedman
Associated Estates Realty Corporation
Richmond Heights, OH
38
Scott Sladek
Buckingham Companies
Indianapolis, IN
MultiFamily_Masters-outlines.pdf
C
M
Y
CM
MY
CY
CMY
K
1
3/6/15
10:25 AM
BOARD OF DIRECTORS NOT PICTURED
James M. Cauley
Charlotte, NC
James W. Huckaby, Jr.
Goldman Sachs
Irving, TX
Todd M. Farrell
Lennar Multifamily Communities, LLC
Charlotte, NC
Darren R. Carrington
Prometheus
San Mateo, CA
Keith Getter
D.A. Davidson & Company
Baltimore, MD
Justin Ginsberg
Guggenheim Commercial Real Estate
Finance, LLC
New York, NY
Jonathan Stern
Meridian Capital Group, LLC
New York, NY
John Hanna
Property Solutions
Provo, UT
Robert D. Lazaroff
The Michelson Organization
Saint Louis, MO
Kenneth J. Bacon
RailField Realty Partners
Bethesda, MD
Bruce V. Michelson, Jr.
The Michelson Organization
Saint Louis, MO
Mike Sabbatis
RealPage, Inc.
Carrollton, TX
Jeffrey A. Goldshine
Middleburg Capital
Fairfax, VA
Emily Kaplan
realtor.com rentals
Westlake Village, CA
Elissa M. Courtright
MRI Software
Solon, OH
Shawn Sullivan
realtor.com rentals
Caryn McVey
NAI Global
Minneapolis, MN
Adrienne Drummond
Regions Bank
Atlanta, GA
Casey K. Brennan
NALS Apartment Homes
Santa Barbara, CA
Joel Stephens
Regions Bank
Atlanta, GA
Douglas Scott Schuster
Newmark Grubb Knight Frank
Las Vegas, NV
Alan Feldman
Resource Real Estate, Inc.
Philadelphia, PA
Ron Reed
NWP Services Corporation
Costa Mesa, CA
Yvana Rizzo
Resource Real Estate, Inc.
Philadelphia, PA
Jeff Patton
Oak Grove Capital
Birmingham, AL
Jason Palmer
TIAA-CREF
Newport Beach, CA
Monte Jones
On-Site.com
Campbell, CA
Blaine Altaffer
Time Warner Cable
Herndon, VA
W. Clark Ewart
Paradigm Development Company
Arlington, VA
Diane Batayeh
Village Green
Nicholas Killebrew
Parse Capital
Laguna Beach, CA
Scott J. Lawlor
Waypoint Residential
Boca Raton, FL
Rondetta Troutman
Picerne Real Estate Group
Phoenix, AZ
Deirdre Kuring
Winn Companies
Boston, MA
Jack Cohen
Pillar
Chicago, IL
Greg M. Galli
Woodmont Companies
Belmont, CA
Roy E. Demmon, III
Demmon Partners
Redwood City, CA
Thomas Walsh
Demmon Partners
Redwood City, CA
John Caltagirone
The Dinerstein Companies
Houston, TX
Kristopher Hampton
DIRECTV
El Segundo, CA
Grant McCaleb
Doster Construction Company, Inc.
Birmingham, AL
Dana David
E & S Ring Management Corporation
Los Angeles, CA
Michele M. Evans
Fannie Mae
Washington, DC
Bob Simpson
Fannie Mae
Washington, DC
Bob Simpson
Fannie Mae
Washington, DC
Daniel Kaplan
FPA Multifamily
San Francisco, CA
Daniel Tanner
Full House Board
Washington, DC
Dan Hobin
G5
Bend, OR
Edward Coco
GE Real Estate
Alpharetta, GA
Stephen LoPresti
Gerson Bakar & Associates
San Francisco, CA
Katie Bloom
Goldman Sachs
Irving, TX
40
Howard Edelman
Heitman
Chicago, IL
Jennifer Massey
Highland Commercial Mortgage, LLC
Birmingham, AL
John O. Moore, Jr.
Highland Commercial Mortgage, LLC
Birmingham, AL
Jon C. Wood
Hines
Winter Park, FL
Birmingham, AL
James Davis
InfoTycoon
Roswell, GA
Mark Cosenza
The Inland Real Estate Group, Inc.
Oak Brook, IL
Wayne A. Comer
J.P. Morgan Investment Management,
New York, NY
Eddie Yang
JBM Institutional Multifamily Advisors
Orlando, FL
Bonnie D. Moser
Kane Realty Corporation
Raleigh, NC
Christina Cha
Kennedy Wilson
Beverly Hills, CA
Laurel Howell
Kettler
Mc Lean, VA
Mike Kingsley
KTGY Group Inc.
Vienna, VA
Gus Remppies
Landmark Apartment Trust, Inc.
Richmond, VA
Herbert L. Miller, Jr.
LEM Capital, L.P.
Philadelphia, PA
Michael A. Sullivan
Pritzker Realty Group, LLC
Chicago, IL
Meet@
6
NMHC’s meetings
bring together senior
executives from
the nation’s leading
multifamily frms for
high-level networking,
actionable business
intelligence and
thought-provoking
discussions.
NMHC Industry Conferences
Open to members and non-members.
2015 NMHC Student Housing Conference & Exposition
September 28–30, 2015 • Phoenix, AZ
2015 NMHC OpTech Conference & Exposition
November 17–19, 2015 • San Diego, CA
2016 NMHC Apartment Strategies Outlook Conference
January 19, 2016 • Orlando, FL
NMHC’s Exclusive Meetings
2015 NMHC Fall Board of Directors and Advisory
Committee Meeting
Get the Insider’s Perspective on Capitol Hill
September 15–17, 2015 • Washington, DC
2016 NMHC Annual Meeting
Plan Your Strategy for the Year
January 19–21, 2016 • Orlando, FL
2016 Spring Board of Directors Meeting
Our Most Exclusive Meeting
May 18–20, 2016 • Chicago, IL
R
Learn more at www.nmhc.org/meetings
R
NMHC 3.375x10_04.2015
ADVISORY COMMITTEE
Abacus Capital Group, LLC
Gregory Lyden
New York, NY
ABC Supply Company, Inc.
Andrew W. Denick
Merritt Island, FL
Ackman Ziff Real Estate
Group, LLC
Patrick Hanlon
New York, NY
Adelante Capital Management
Len Rittberg
Oakland, CA
Advenir
Taylor Rismiller
Aventura, FL
AEW Capital Management L.P.
Julie Kittler
Boston, MA
AIG Global Real Estate
Mark Ellsworth Hertz
New York, NY
Alexander Investments
International, Inc.
Kyle D. Riva
Winter Park, FL
The Allen Morris Company
W. Allen Morris
Coral Gables, FL
Alliance Tax Advisors, LLC
Tony J. Comparin
Irving, TX
Alliant Insurance Services Inc.
Sarah Schott
Houston, TX
Allianz Real Estate
Paul Wolters
New York, NY
Allied World Insurance Company
Kevin A. Maloney
New York, NY
Allstate Investments, LLC
Stella Pappas
Northbrook, IL
ALM - Real Estate Media
Michael G. Desiato
New York, NY
Alpha-Barnes Real
Estate Services
Michael D. Clark
Dallas, TX
Altus Group
Michelle K. Rudd
Sparks, MD
ANYONE HOME INC.
Todd Katler
Lake Forest, CA
Aon Risk Services, Inc.
Kevin J. Madden
New York, NY
Apartment Association of
Greater Los Angeles
Jim Clarke
Los Angeles, CA
Apartment Association,
California Southern Cities
Terri Shea
Long Beach, CA
42
Apartment Finder
Marcia Bollinger
Norcross, GA
Apartment List
Dennis Cogbill
San Francisco, CA
ApexOne Investment Partners
Jim A. Hearn
Houston, TX
Apollo Global Real Estate
Derek Sudan
New York, NY
ARA
David K. Oelfke
Houston, TX
Argyle Residential
John Burnham
Austin, TX
Arlington Properties, Inc.
James M. Dixon
Birmingham, AL
Artemis Real Estate Partners
Richard Banjo
Chevy Chase, MD
Ashley Management Corporation
Stephen B. Ashley
Rochester, NY
Assurant Specialty Property
Steven Hein
Miami, FL
Atkinson Ferguson, LLC
Chris Atkinson
Monroe, GA
Atlantic Pacific Real Estate Group
Gregory Ward
Atlanta, GA
Auction.com
Joseph Cuomo
Miami Beach, FL
Aukum Management LLC
Jason Fuchs
Larkspur, CA
Axiometrics Inc.
Ronald G. Johnsey
Dallas, TX
B/K Funds
Mark M. Beneke
Dallas, TX
Bader Company
Joshua Nicholson
Indianapolis, IN
Balfour Beatty Construction
Michael Flanigan
Atlanta, GA
Bank of America, N.A.
John Barker
New York, NY
BankFinancial
John G. Manos
Burr Ridge, IL
Barker Apartments
David Barker
Iowa City, IA
The Bascom Group
James Singleton
Irvine, CA
BBL Builders LP
Chad Courty
Dallas, TX
BBVA Compass
Frederick L. Ruess
Denver, CO
Beachwold Residential LLC
Robert P. Rothenberg
New York, NY
Beacon Communities
Investments, LLC
Howard E. Cohen
Boston, MA
Beecher Carlson
Marci Steiding
Atlanta, GA
Beekman Advisors, Inc.
Shekar Narasimhan
Mc Lean, VA
Bel Air Internet
Joel E. McIntyre
Sherman Oaks, CA
Benchmark Real Estate Advisors
David Pepe
Orlando, FL
Benedict Canyon Equities, Inc.
Ryan J. Somers
Los Angeles, CA
Bentall Kennedy
Betsy Weingarten
Bethesda, MD
Bergstrom Investment
Management, LLC
Kelley A. Bergstrom
Key Colony Beach, FL
Berkadia
John Rhoades
Phoenix, AZ
Berkeley Point Capital LLC
Meaghan Martin
Boston, MA
Berkshire Group
Eric Draeger
Boston, MA
Berkshire Residential
Development
Steve Wood
Boston, MA
Better NOI (formerly Screening
Reports, Inc.)
Timothy Fortner
Wood Dale, IL
Beztak Companies
Harold Beznos
BGO Architects
Emily T. Keith
Addison, TX
BKV Group, Inc.
Jack Boarman
Minneapolis, MN
BlackRock Realty
Dale Gruen
San Francisco, CA
Blackstone
Kevin W. Dinnie
New York, NY
Blackstone Consulting LLC
Scott D. Livingston
Portland, ME
Blue Ridge Companies, LLC
Tami Singleton Fossum
Charlotte, NC
Blue Vista Capital Management
Peter Stelian
Chicago, IL
BlueGate Partners LLC
Mark DeLillo
New York, NY
BMO Capital Markets
Stephan Richford
Chicago, IL
Brack Capital
Kenneth Bodenstein
New York, NY
Bradford Allen Capital
Charles N. Hoag
Chicago, IL
Bradley Company
Bryson C. Toothaker
South Bend, IN
Brandenburg Properties
Lee H. Brandenburg
San Jose, CA
Brasfield & Gorrie, LLC
Roddy McCrory
Kennesaw, GA
Bright House Networks
Patricia Bott
Riverview, FL
Brook Furniture Rental
Kim Ashley
Lake Forest, IL
Brookfield Financial
Thaine Carter
Toronto, ON
Brown Realty Advisors
Barden Brown
Atlanta, GA
BSB Design
Kelly Osburn
Dallas, TX
BSR Trust
Scott Ray
Little Rock, AR
Building and Land
Technology Corp.
Paul J. Kuehner
Stamford, CT
BuildingLink.com LLC
Zachary Kestenbaum
New York, NY
ButterflyMX
Cyrus Claffey
New York, NY
Buyers Access
Peter Roden
Denver, CO
C.F. Evans Construction
John Barr
Orangeburg, SC
CA Student Living
Sean Zasche
Chicago, IL
Callahan, Inc.
Rajeev Bhangoo
Bridgewater, MA
CalPERS
Liya Cornelius
Sacramento, CA
Cambridge Management Co.
Thomas M. Scott
Santa Clara, CA
Camp Construction Services
Jeff Blevins
Houston, TX
Campus Televideo
Brian Benz
Stamford, CT
Candlewood Partners LLC
Steve Latkovic
Cleveland, OH
Cantor Commercial Real Estate
(CCRE)
Michael C. May
Bethesda, MD
Cantrell McCulloch, Inc.
Robert McCulloch
Dallas, TX
Capital One Bank
Richard Lyon
New York, NY
Capri Capital Partners
Dori Nolan
Chicago, IL
Capstone Apartment Partners
Robert A. McIntosh
Charlotte, NC
Capture the Market
Kimberly Scott
Dallas, TX
CARES By Apartment Life
Kiley Haught
Euless, TX
The Carlyle Group
Brian Nelsen
Washington, DC
Cassidy Turley
Christopher J. Doerr
Washington, DC
Cassin & Cassin LLP
Amy Bernstein
New York, NY
CBRE
Malcolm McComb, III
Atlanta, GA
CBRE New England
Simon J. Butler
Boston, MA
The Cedarwood Companies
Jeff Karlovec
Akron, OH
CEL & Associates, Inc.
Christopher Lee
Los Angeles, CA
Centennial Holding Company
William Porter Payne, Jr.
Atlanta, GA
CenterSquare Investment
Management, Inc.
Mark B. Greco
Plymouth Meeting, PA
Chapel Street Advisors
Hillary B. Blevins
Charleston, SC
Charter Communications
Scott McGee
Chesterfield, MO
Chatham Financial
Joe Nowicki
Littleton, CO
Chicago Title
Holden Heil
Dallas, TX
Chicago Title
Sue Jacobson
Houston, TX
CIGNA Realty Investors
John Clark
Hartford, CT
Citrin Cooperman
Mark Mindick
New York, NY
Cityscape Residential, LLC
Brian K. Cranor
Indianapolis, IN
Clear Capital, LLC
Greg Worchell
Los Angeles, CA
Coastal Apartment Advisors
James Sewell
Hilton Head Island, SC
Colliers International Northeast
Florida
Douglas Blair
Jacksonville, FL
Collins Enterprises, LLC
Rona Siegel
Old Greenwich, CT
ColumbiaNational Real Estate
Finance, LLC
Roger Edwards
Washington, DC
Comcast
Michael Slovin
Philadelphia, PA
Commercial Risk Solutions
Insurance Agency
James J. Cincotta
Stuart, FL
Commercial Wireless Systems
International, LLC
Elizabeth Conha
Fort Lauderdale, FL
CondoInternet
Amy K. Thompson
Seattle, WA
CONNOR
Patrick T. Connor
Baltimore, MD
The Connor Group
Lawrence S. Connor
Centerville, OH
Continental Realty Corporation
Joseph M. Schapiro, III
Baltimore, MD
Core Real Estate Capital LLC
Benjamin Horn
Columbus, OH
CORT
Mark Koepsell
Chantilly, VA
Cortland Partners, LLC
Steven DeFrancis
Atlanta, GA
Cox Communications
Shannon Boyle
Atlanta, GA
Cox, Castle & Nicholson LLP
Amy H. Wells
Los Angeles, CA
Cozen O’Connor
Howard Grossman, Esq.
Philadelphia, PA
Credit Suisse LLC
Jeremy Stoler
New York, NY
Michael Blackwell
Charlotte, NC
Criterion Brock
Kerri Silver
Milwaukie, OR
Crossbeam Concierge
Theodore M. Kerr, Jr.
Dallas, TX
Crown Advisors
John C. DiMare
North Barrington, IL
Crown Advisors, Inc.
John Cigna
Pittsburgh, PA
Cube 3 Studio Architects, LLC
Nicholas A. Middleton
Lawrence, MA
Curtin Property Company
Chris M. Curtin
Overland Park, KS
Cushman & Wakefield
Andrew J. Merin
East Rutherford, NJ
Cushman & Wakefield
Marc D. Renard
Los Angeles, CA
CWS Apartment Homes
Steven J. Sherwood
Austin, TX
Daniel Corporation
Justin P. Weintraub
Birmingham, AL
DeNyse Companies
Amy Baillie
Douglasville, GA
DepositIQ
Tom Schickel
Denver, CO
The Dermot Company, Inc.
Stephen Benjamin
New York, NY
Design Collective, Inc.
Vanessa Zawodny
Baltimore, MD
Deutsche Asset and Wealth
Management
Timothy Ellsworth
Chicago, IL
Diamond Realty Investments
Mitsunobu Nakamura
Los Angeles, CA
Dish
Robert Grosz
Englewood, CO
DocuSign, Inc.
Michael Pressnall
Seattle, WA
Dogwood Capital Partners
Parker Briley
Irving, TX
Dome Equities, LLC
Eric D. Jones
New York, NY
Dougherty Mortgage LLC
Tim Larkin
Minneapolis, MN
Dover Realty Advisors, LLC/
Paragon Properties, LLC
Terry B. Schwartz
Bingham Farms, MI
Drake Realty Group, LLC
Kyle N. Drake
Houston, TX
Draper and Kramer, Incorporated
Michael T. Gilmartin
Chicago, IL
Dwell Design Studio, LLC
Jason R. Shepard
Alpharetta, GA
Eastdil Secured
Roland S. Merchant , Jr.
New York, NY
Eastern Union Funding
Shlomie Milworm
Howell, NJ
Eastham Capital
Eric Silverman
Needham, MA
Eaton Vance Management
Andrew Frenette
Boston, MA
Ecologic Furniture
Andy Holley
Waukegan, IL
Edgewood & Vantage
Management
Janine Lind
Germantown, MD
Elad National Properties
Arik Bronfman
Fort Lauderdale, FL
Ellis, Partners in
Management Solutions
Joanna Ellis
Irving, TX
Encore Housing
Opportunity Fund
Joe DiCristina
Boca Raton, FL
Entrepreneurial Properties
Corporation
Matthew V. Wherry
Newport Beach, CA
Epoch Properties, Inc.
Justin Sand
Winter Park, FL
ePremium Insurance
Ann Padgett
Mason, OH
Ericsson
Barry McLaren
Plano, TX
ESupply Systems
Eric R. Broughton
San Antonio, TX
43
ADVISORY COMMITTEE
Evercore Partners
Greg Brooks
New York, NY
Evergreen Devco, Inc.
Jeff Wikstrom
Littleton, CO
Experian RentBureau
Brannan Johnston
Costa Mesa, CA
Fair Collections & Outsourcing, Inc.
Carol M. Bloom
Beltsville, MD
Richard Boynton
San Diego, CA
Faulkner Design Group, Inc.
Adrienne Faulkner
Dallas, TX
Federation of Rental Housing
Providers of Ontario
Mike Chopowick
Toronto, ON
Ferguson Partners, Ltd.
William J. Ferguson
Chicago, IL
Fidelity Investments
Neil Nabar
Boston, MA
Fidelity National Title-National
Commercial Services
Connie Mahoney
Los Angeles, CA
Fifth Third Bank
Douglas J. Ward
Chicago, IL
First Advantage
David Carner
Carrollton, TX
First American Title Insurance Co.
Valerie Kolytiris
Los Angeles, CA
First American Title
Insurance Company
Phillip Salomon
New York, NY
First American Title Insurance
Co.- NCS
Randall l. Scott
Santa Ana, CA
Flournoy Development Co., LLC
Thomas H. Flournoy
Columbus, GA
Foley & Lardner LLP
Michael W. Hatch
Milwaukee, WI
For Rent Media Solutions
Amanda McCrowell
Norfolk, VA
Fore Property Company
Richard L. Fore
Washington, DC
Forest Properties Management, Inc.
Jeffrey Libert
Cambridge, MA
Fortune-Johnson, Inc.
Brett Fortune
Norcross, GA
Forum Real Estate Group
Darren Fisk
Glendale, CO
44
Fox Rothschild LLP
Gina A. Hough
Washington, DC
Franklin Capital Group
Joseph E. Resende
Alexandria, VA
Franklin Street
Andrew Wright
Tampa, FL
Freedom Specialty
Insurance Company
John Lopes
New York, NY
Freeman Webb Inc.
William H. Freeman
Nashville, TN
Friedman Integrated Real
Estate Solutions
Barry Swatsenbarg
Farmington, MI
Gallagher Evelius & Jones, LLP
Stephen A. Goldberg
Baltimore, MD
Gas South
Caroline Landis
Atlanta, GA
Gates, Hudson & Associates, Inc.
Patricia J.M. Blackburn
Fairfax, VA
GDC Properties, LLC
William Ingraham
Hawthorne, NY
GE Asset Management
Pamela Beam
Stamford, CT
GE Real Estate
Dan Earle
Norwalk, CT
GE Real Estate,
North America Lending
Jill McEntegart
Alpharetta, GA
Gebroe-Hammer Associates
Nancy Reilly
Livingston, NJ
Gene B. Glick Company, Inc.
David O. Barrett
Indianapolis, IN
Ginkgo Residential
D. Scott Wilkerson
Charlotte, NC
GMH Capital Partners
David R. Forrest
Newtown Square, PA
Golden Construction, LLC
Geoffrey S. Golden
Birmingham, AL
Goodwin Procter LLP
Craig Todaro
Boston, MA
Google
Dexter Lau
Mountain View, CA
Goulston & Storrs
Steven Schwartz
Boston, MA
Grace Hill, Inc.
Joe P. Bailey
Augusta, GA
Grand Peaks Properties
Luke Simpson
Denver, CO
Grandbridge Real Estate
Capital LLC
Thomas S. Dennard
Charlotte, NC
Granite Telecommunications
Larry Sylvain
West Palm Beach, FL
Green Street Advisors, Inc.
Dave Bragg
Newport Beach, CA
The Greysteel Company
John Mullen
Bethesda, MD
Greystone Bridge Holdings, Inc.
Karen Marotta
New York, NY
Greystone Funding Corporation
Claudia Schiepers
New York, NY
Griffis/Blessing, Inc.
Gary Winegar
Colorado Springs, CO
Gross Builders
Gary L. Gross
Cleveland, OH
Guardian Management LLC
Thomas B. Brenneke
Portland, OR
The Habitat Company
Matthew Fiascone
Chicago, IL
Haley Real Estate Group
Daniel P. Clatanoff
Omaha, NE
HandyTrac Systems
John Lie-Nielsen
Alpharetta, GA
Hanley Wood
Susan Piel
San Francisco, CA
Hanley-Wood, LLC
Robert M. Britt
Mill Valley, CA
Harborview Capital Partners
Jonathan Kutner
Lawrence, NY
Hartford Investment
Management
John M. Maher
Hartford, CT
Hathaway Development
Partners, LLC
W. Michael Muggridge
Atlanta, GA
HB Northwest
Edward Hewson
Seattle, WA
Hediger Enterprises Inc.
Gary R. Hediger
Atlanta, GA
Hendersen-Webb, Inc.
Pamela F. Newland
Cockeysville, MD
Henry S. Miller Brokerage, LLC
Lewis E. Wood
Dallas, TX
Hentschel & Company
Stephen Hentschel
New York, NY
HFF
William Miller
Dallas, TX
HFF
J. Todd Stewart
Houston, TX
HHHunt
Janet L. Riddlebarger
Blacksburg, VA
Hills Property Management
Russell Lykes
Cincinnati, OH
Hillwood Multifamily, L.P.
Mark McHenry
Fort Worth, TX
Holland & Knight, LLP
Lynn Calkins
Washington, DC
Holland Partner Group
Tom Parsons
Seattle, WA
Honigman Miller Schwartz and
Cohn LLP
Jonathan R. Borenstein
Bloomfield Hills, MI
The Howard Hughes Corporation
Coy G. McKinney
Dallas, TX
HSBC Bank USA N.A.
Glenn Grimaldi
New York, NY
Hudson Capital Properties IV,
LLC
Frank Huttle, III
East Rutherford, NJ
Hunt Companies
Ryan W. Luxon
El Paso, TX
ibr Search
Wesley Easly
Pittsburgh, PA
Ideal Realty Group
Allen Manesh
Potomac, MD
Index Investment LLC
Bjarne E. Borg
Jupiter, FL
Institutional Property Advisors,
a Marcus & Millichap Company
Steve Witten
New Haven, CT
Insurent Agency Corporation
Charles Schoenau
New York, NY
InterCapital Group, LLC
Edward I. Biskind
Chicago, IL
Interwest Capital Corporation
Alex Roudi
La Jolla, CA
INVESCO Real Estate
Paul S. Michaels
Dallas, TX
Investment Property
Associates, LLC
Jennifer Koster
Grand Haven, MI
ista
Amanda Holden
San Diego, CA
Ivanhoé Cambridge Inc.
Sylvain Fortier
Montreal, PQ
J. Turner Research
Joseph Batdorf
Houston, TX
J.I. Kislak, Inc.
Thomas Bartelmo
Miami Lakes, FL
Jackson Walker, L.L.P.
Vytas A. Petrulis
Houston, TX
JB Matteson, Inc.
Duncan L. Matteson, Sr.
San Mateo, CA
JHP Architecture / Urban Design
Ronald Harwick
Dallas, TX
JMG Realty, Inc.
T. Karlton Jackson
Atlanta, GA
John Hancock Financial Services
Robert Maulden
Boston, MA
Johnson Development
Associates, Inc.
David Benjamin Graves
Spartanburg, SC
Jones Lang LaSalle Americas, Inc.
David Young
Seattle, WA
Jones Lang LaSalle Operations, LLC
John W. Bray
Atlanta, GA
JP Morgan
Patrick J. Nash
Chicago, IL
JPI
Benjamin H. Montgomery
Irving, TX
JPI
Robert D. Page
Irving, TX
JRK Investors
Robert Lee
Los Angeles, CA
Juniper Investment Group, Ltd.
J. Douglas Rippeto, Jr.
Houston, TX
Kaba Access Control
Dale Mathias
Laguna Niguel, CA
Kaplan Acquisitions LLC
Geoff Simpson
Houston, TX
KBKG
CJ Aberin
Pasadena, CA
KC Venture Group, LLC
Peter Engelman
Leawood, KS
KET Enterprises, Inc.
Thomas B. Wilkinson, IV
Houston, TX
KeyBank Real Estate Capital
John Manginelli
New York, NY
The Kirkland Company
William Kirkland
Nashville, TN
Kiser Institutional Group LLC
Lee Kiser
Chicago, IL
The Kislak Company, Inc.
Demaris Casanovas
Woodbridge, NJ
Korcett Holdings, Inc.
Forrest Faircloth
Bee Cave, TX
Korn/Ferry International
Anthony J. LoPinto
New York, NY
Krooth & Altman LLP
Sameer Upadhya
Washington, DC
KW Commercial
Schuyler Williamson
Austin, TX
L&B Realty Advisors, LLP
William L. Fulton
Dallas, TX
L’Arte Della Cucina
Bruce Taylor
Miami, FL
LeaseHawk
Michael E. Mueller
Scottsdale, AZ
LeaseLabs/DZAP
Dana Zeff
San Diego, CA
LeaseStar, a Division
of RealPage, Inc.
Janine Steiner Jovanovic
Carrollton, TX
LeaseTerm Solutions
Richard Schreiber
Chevy Chase, MD
LeasingDesk, a Division
of RealPage, Inc.
Debra Stockton
Carrollton, TX
LeCesse Development
Corporation
Salvador F. Leccese
Altamonte Springs, FL
Legend Management Group, LLC
Ruth G. Eisenhauer
Mc Lean, VA
Leonardo247
Daniel Cunningham
Redondo Beach, CA
Lerner Corporation
Alan H. Gottlieb
Rockville, MD
Lessard Design Inc.
Christian Lessard
Vienna, VA
LG Electronics
Kevin Kim
Englewood Cliffs, NJ
LGA Capital, LLC
Jason Gerstein
Rockville, MD
Lincoln Financial Group
Nicholas R. Heinzelmann
Greensboro, NC
LIV Companies
Robert B. Crumpton, III
Birmingham, AL
LivCor, LLC
Ralph Pickett
Chicago, IL
Locke Lord LLP
Michael P. Petersilia
Dallas, TX
Lord Aeck Sargent
Mark Lange
Atlanta, GA
Lowe Enterprises Investors
Andy Sands
Los Angeles, CA
M&T Realty Capital Corporation
Mark D. Gould
Baltimore, MD
M&T Realty Capital Corporation
Thomas D. Knapp
Baltimore, MD
Magellan Development Group, LLC
Brian Gordon
Chicago, IL
Maintenance Supply
Headquarters
Cary R. Wright
Stafford, TX
Manly & Stewart
John C. Manly
Irvine, CA
Marcus & Millichap Capital
Corporation
William Hughes
Irvine, CA
Mark-Taylor Residential, Inc.
Dale Phillips
Scottsdale, AZ
Marsh & McLennan
Jeffrey Alpaugh
Boston, MA
Marvin F. Poer and Company
William L. DuBois
Dallas, TX
Mason Joseph Company, Inc.
David Joseph
San Antonio, TX
MassHousing
Monte J. Stanford
Boston, MA
Maxus Properties, Inc.
Michael P. McRobert
North Kansas City, MO
Mayer Brown LLP
Keith J. Willner
Washington, DC
MB Financial Bank
Spencer Hellmuth
Rosemont, IL
McCann Realty Partners, LLC
D. Fleet Wallace
Richmond, VA
MDX (Multifamily Data
Exchange)
Dom Beveridge
Alpharetta, GA
Dina Finnegan
New York, NY
Adrienne Stephens
New York, NY
Merion Realty Partners
Richard T. Aljian
Wynnewood, PA
MetLife
Charles C. Davis, Jr.
Tampa, FL
Metropolitan Properties of
America, Inc.
Jeffrey J. Cohen
Boston, MA
Middle Street Partners, LLC
Ryan Knapp
Sullivans Island, SC
Milan Insurance Partners
Lee J. Maness
Nashville, TN
Minnesota Multi-Housing
Association
Mary Rippe
Bloomington, MN
Minol
Teresa Lopez
Addison, TX
MLV & Co.
Bryan Turley
New York, NY
Moen Incorporated
Deena Cave
North Olmsted, OH
Momentous Insurance Brokerage
Stephen Stromsborg
Van Nuys, CA
Moody’s Corporation
Griselda Bisono
New York, NY
Morgan Stanley
Haendel Emmanuel St. Juste
New York, NY
Morgan Stanley Investment
Management
James A. Cowan
New York, NY
Morgan, Lewis & Bockius LLP
Richard Toelke
Boston, MA
Morris Manning & Martin LLP
Bonnie Y. Hochman Rothell
Washington, DC
MPF YieldStar, a Division
of RealPage
Keith Dunkin
Carrollton, TX
MRP Realty
John M. Begert
Washington, DC
Multi-Housing News
Marisa Boles
Santa Barbara, CA
Multifamily Realty Advisors, LLC
Richard R. Cotton
Raleigh, NC
Multifamily Risk Advisors
Michael Ballew
Atlanta, GA
45
ADVISORY COMMITTEE
Muskin Commercial, LLC
Ellen Muskin
Austin, TX
NAI Petrous
Raymond W. Lord
Tulsa, OK
National Real Estate Advisors
James D. Freko
Washington, DC
Nationwide Energy Partners LLC
Brent Miller
Columbus, OH
Natixis
Joseph Vassallo
New York, NY
Neal, Gerber & Eisenberg LLP
Douglas J. Lubelchek
Chicago, IL
Niles Bolton Associates, Inc.
G. Niles Bolton
Atlanta, GA
Nimes Capital
Afshin Kateb
Los Angeles, CA
NNC Apartment Ventures
John H. Nunn
Long Beach, CA
Northland Investment
Corporation
Steven Rosenthal
Newton, MA
NorthMarq Capital San Francisco
Jeffery Weidell
San Francisco, CA
NorthMarq Capital, Inc.
Greg A. Duvall
Overland Park, KS
NOVARE GROUP
James Borders
Atlanta, GA
Novogradac & Company LLP
Michael J. Novogradac
San Francisco, CA
NTS Development Company
Gregory G. McDearmon
Louisville, KY
NWP Services Corporation
Amanda Christensen
Lincoln, NE
Oakwood Worldwide
Kristen Zimmerman
Los Angeles, CA
Ocius LLC
James Rabinowitz
Chicago, IL
Oldcastle, Inc.
Carolina Borges Cavalcante
Saint Louis, MO
Onicx Energy, LLC
David J. Magrisso
Tampa, FL
OpsTechnology, a Division
of RealPage
William Chaney
Carrollton, TX
Overseas Student Living, Ltd.
Luke J. Archer Nolan
Hong Kong, China
46
The P.B. Bell Companies
R. Chapin Bell
Scottsdale, AZ
Pacific Life Insurance Company
Anthony Premer
Newport Beach, CA
Package Concierge, Inc.
Georgianna W. Oliver
Medfield, MA
Palladian Capital Advisors
R. Gregory Geletka
Fort Pierce, FL
Palladium (USA) International,
Inc.
Thomas E. Huth
Dallas, TX
Paramount Global LLC d/b/a
Paramount Investments
Roland Stewart
Arlington, TX
Parcel Pending
Lori A. Torres
Irvine, CA
Partner Engineering & Science, Inc.
Summer Gell
Plano, TX
PayLease
Brendan Kane
San Diego, CA
PayNearMe
Christopher J. Volgenau
Denver, CO
Pearlmark Real Estate Partners
Edward J. Ryder
Chicago, IL
Pegasus Residential
Shae Sims
Alpharetta, GA
PEM Real Estate Group
Paul Mashni
Scottsdale, AZ
Pennybacker Capital, LLC
Vincent P. Reyna
Austin, TX
Penton Media Inc.
Rich Santos
New York, NY
Pepper Hamilton LLP
Henry Liu
Washington, DC
Perella Weinberg Partners
Kevin Stahl
New York, NY
Phoenix Realty Group
Alan Hirmes
New York, NY
PPG Architectural Coatings
Lori Mcwain
Pensacola, FL
PPM Finance, Inc.
David L. Henderson
Chicago, IL
The Praedium Group
Mark Lippmann
New York, NY
The Preston Partnership, LLC
Robert N. Preston
Atlanta, GA
Price Realty Corporation
Michael J. Ochstein
Addison, TX
Protection 1 Security
Michael Keen
Romeoville, IL
Prudential Affordable Mortgage
Company
Sonya Hough
Arlington, VA
Prudential Huntoon Paige
Patrick Kempton
Chicago, IL
Prudential Multifamily
Mortgage, Inc.
Sheri Thompson
Arlington, VA
Prudential Real Estate Investors
Justin Gleason
Madison, NJ
Q10 Kinghorn, Driver, Hough & Co.
Ray Driver, III
Houston, TX
QBE
John J. Drennen, II
Greensboro, NC
RAM Partners, LLC
William F. Leseman
Atlanta, GA
Real Capital Analytics
Robert M. White, Jr.
New York, NY
Real Capital Markets
Stephen J. Alter
Carlsbad, CA
Real Estate Board of New York, Inc.
Steven Spinola
New York, NY
Real Estate Equities, Inc.
Terrence E. Troy
Saint Paul, MN
Real Estate Investment Group
George Diamond
Portland, OR
Realty Center Management, Inc.
Curt Knabe
Culver City, CA
RealtyCom Partners, LLC
Annie Manfredi
San Rafael, CA
Redwood Capital Group, LLC
Mark A. Isaacson
Chicago, IL
Reis, Inc.
Victor Calanog
New York, NY
Remotely by Rentbits
Mike Branam
Englewood, CO
Rent Stabilization Association
Joseph Strasburg
New York, NY
Rent.com
Robert Johnson
Los Angeles, CA
RentCollect Global
Rose K. McMillen
Yorba Linda, CA
Renters Legal Liability LLC
Paul J. Kaliades
Salt Lake City, UT
RentPayment
Michael Denbeau
Walnut Creek, CA
Republic Title
John Wilson
Dallas, TX
ResidentCheck
Jorge Baldor
Dallas, TX
ResiModel, LLC
Michael D. Arabe
Potomac, MD
Resource Investments Limited, LLC
Steven Zalkind
Pennsauken, NJ
RETC LP
David Martinez
Plano, TX
Rittenhouse Realty Advisors
Corey Lonberger
Philadelphia, PA
Rivergate KW Management
Jay H. Massirman
Coconut Grove, FL
Robert W. Baird
James E. O’Brien
Washington, DC
Rock Apartment Advisors, Inc.
Robert Flurry
Birmingham, AL
Rockport Mortgage Corporation
Joseph J. Mueller
Gloucester, MA
Rockwood Capital LLC
Joel A. Moody
Los Angeles, CA
Roscoe Properties, Inc.
Jason Berkowitz
Austin, TX
Rosen Consulting Group
Nancy Toledo
Berkeley, CA
RT Specialty, LLC
David Brinkerhoff
Kansas City, MO
Sabal Financial Group, L.P.
Len Israel
Newport Beach, CA
Sage Law Practice Group
Patrick R. Pettitt
Hampton, VA
SatisFacts Research, a Division
of Internet Brands, Inc.
Douglas J. Miller, Sr.
Lutherville, MD
Savills Studley
Jeffrey Baker
New York, NY
The Screening Pros, LLC
Gary Glucroft
Chatsworth, CA
Security Capital Research
& Management
David A. Kleinerman
Chicago, IL
ADVISORY COMMITTEE
Security Properties
David M. Dufenhorst
Seattle, WA
Seminole Financial Services, LLC
Robert J. Banks
Belleair Bluffs, FL
The Sherwin-Williams Co.
William G. Rafie
Cleveland, OH
SightPlan
Joseph Westlake
Orlando, FL
Silver Capital
Mark Ambach
Boca Raton, FL
Silverpeak Real Estate Partners
Chris S. Westfahl
New York, NY
Silvestri Craig Realtors
Ken D. Silvestri
Lexington, KY
Simpson Property Group LP
Jody Kay Hersey
Denver, CO
Situs
Steven L. Bean
New York, NY
SlopeJet
Craig Zeutzius
Boulder, CO
The Solomon Organization
Marc S. Solomon
Summit, NJ
South City Partners, LLC
Mark W. Randall
Atlanta, GA
SouthWood Corporation
Ernest H. Dwight
Charlotte, NC
Specialized Real Estate Group
Seth Mims
Fayetteville, AR
Specialty Consultants Inc.
Thomas G. Williams
Pittsburgh, PA
Spectrum Properties
Residential, Inc.
Stephen McClure
Charlotte, NC
Spot On Networks
Richard Sherwin
New Haven, CT
Starwood Capital Group
James Edward Kane
Atlanta, GA
Stellar Advisors, LLC
David Schwartzberg
Rockville, MD
The Sterling Group, Inc.
Lance A. Swank
Mishawaka, IN
Sterling Risk Advisors
Susannah F. Kinsey
Atlanta, GA
Stewart Title Guaranty Company
Bruce Hawley
New York, NY
48
Stewart Title Guaranty Company
Tom Konkel
Denver, CO
Strata Equity Group
David Carlos Michan
San Diego, CA
The Strategic Solution
Kendall Pretzer
Flower Mound, TX
Stratford Capital Group, LLC
John M. Nelson, IV
Peabody, MA
Stream Realty Partners
Patricia Roberts
Austin, TX
StreetLights Residential
Tom Bakewell
Dallas, TX
Suffolk Construction Company, Inc.
Rick Kolb
Miami, FL
Sullivan Curtis Monroe
Michael Isaacs
Irvine, CA
Summit Contracting Group
Marc Padgett
Jacksonville, FL
Summit Equities LLC
Evan Seiden
New York, NY
SunAmerica Affordable Housing
Partners, Inc.
Douglas S. Tymins
Los Angeles, CA
Sunrise Management
Joe Greenblatt
San Diego, CA
Terra Search Partners
Matthew Slepin
San Francisco, CA
TGM Associates L.P.
Michael Frazzetta
New York, NY
Thomas Title & Escrow
Frank W. Busch, III
Dallas, TX
TIAA-CREF
James G. Martha
Hartford, CT
Timberland Partners
Robert L. Fransen
Minneapolis, MN
Towers Watson Data Services, Inc.
Tina Gay
White Plains, NY
Towne Properties
Neil K. Bortz
Cincinnati, OH
Transwestern
Jon Kleinberg
Atlanta, GA
Transwestern Mid-Atlantic
Multifamily Group
Dean Sigmon
Bethesda, MD
Transwestern
Steven E. Pumper
Dallas, TX
Trinity Financial
Patrick Lee
Boston, MA
Troutman Sanders LLP
Mark S. Shiembob
Richmond, VA
TSB Capital Advisors, LLC
Timothy Bradley
Phoenix, AZ
Union Bank
Brian Raphel
Walnut Creek, CA
University Furnishings
Paul Dougan
Dallas, TX
USAA Real Estate Company
Hailey Ghalib
San Antonio, TX
Van Metre Companies
Tim White
Fairfax, VA
Velocify
Martin Lind
El Segundo, CA
Velocity, a Division of RealPage, Inc.
Kimberly Lang
Carrollton, TX
Veritas Investments Inc.
Yat-Pang Au
San Francisco, CA
Verizon
Patricia French
St Petersburg, FL
VingCard Elsafe/Assa Abloy
George Winker
Richardson, TX
Virginia Housing Development
Authority
Bennett Atwill
Richmond, VA
Wafra Investment Advisory
Group, Inc.
Edward J. Ryan
New York, NY
Walchle Lear Multifamily
Advisors
Bart Walchle
Jacksonville Beach, FL
Walker & Dunlop
Trevor Fase
Walker & Dunlop
Bryan L. Frazier
Irvine, CA
WallMasters Modular, Inc.
Kevin Clement
Winchester, KY
Walsh Holdings LLC
Daniel P. Walsh, Jr.
Shaker Heights, OH
Washington Gas
Mary Doherty
Springfield, VA
WastePoint
David Kantor
Columbus, OH
Waterton Associates
Carolyn Lagor
Chicago, IL
WDG Architecture
Frederick Hammann
Washington, DC
Westdale Asset Management
Evan J. Griffiths
Dallas, TX
Western National Properties
Rex F. DeLong
Irvine, CA
White Point Partners
Ryan Hanks
Charlotte, NC
WhiteFence
Francisco J. Arbide
Houston, TX
Whitney Bank
Lee Mitchell
Houston, TX
Williams Asset Management, LLC
John A. Isakson
Atlanta, GA
Willis
Ronald D. Tucker
Hunt Valley, MD
Wilmar
Chris Thompson
Jacksonville, FL
Wingate Management Co., LLC
Christopher Reilly
Newton, MA
Witten Advisors LLC
G. Ronald Witten
Dallas, TX
The Wolff Company
Tim Wolff
Scottsdale, AZ
The Wolff Company
Scott M. Bashaw
Scottsdale, AZ
Womble Carlyle Sandridge
& Rice, PLLC
Pamela V. Rothenberg
Washington, DC
Woodfield Development
Gregory Bonifield
Mount Pleasant, SC
Woodmont Properties, LLC
David Trager
Fairfield, NJ
The Worthing Companies
John A. Echols
Atlanta, GA
WPC (Winter Park Construction)
Jeffrey D. Forrest
Maitland, FL
WRH Realty Services, Inc.
J. Mark Rutledge
St Petersburg, FL
Zillow
Russ Pengelly
Seattle, WA
ZRS Management, LLC
Steven K. Buck
Orlando, FL
Commercial Real Estate
WE MAKE THE
IMPOSSIBLE
POSSIBLE
“We had a very short time frame to
secure ﬁnancing for our multifamily
acquisition. Capital One assured us
they could do it – and they delivered.”
- Russ Kindorf, Alliance Residential Company
We’re focused on delivering results, even when
things get tough. Give us a call to ﬁnd out how
we can go above and beyond for you.
CONTACT US
[email protected]
855-we-do-more (855-933-6667)
Subject to credit approval. Additional Terms and Conditions apply. Products
and services are offered by Capital One, N.A., NMLS ID 453156, Equal
Housing Lender and Member FDIC. © 2015 Capital One. All rights reserved.
capitalonemultifamily.com
GET YOUR DAY BACK.
EXPERIENCE THE NEXT GENERATION OF
PROPERTY MANAGEMENT SOFTWARE.
X
• Intuitive User Interface
• Action-Driven Search Results
POWERFUL.
FLEXIBLE.
EFFORTLESS.
• Role-Based Dashboard Views
• Browser And Device Freedom
• Data Mobility
SEE HOW MRI CAN HELP SAVE YOU TIME AND HASSLE,
VISIT MRISOFTWARE.COM/TOP50
©2015 MRI Software, LLC. All rights reserved.

The Nation`s 50 Largest Apartment Owners and 50 Largest

Transcription

Similar documents

Firehouse hosts Great Big Home Show

stockmens insurance agency llc

a PDF of this press release

WELCOME TO CAESARS PALACE

WHAT`S NEW!

LifeScapes Highboy Storage Shed

Easy-Happy-Sex - Aboriginal Tribal Leader Mourning her Son is

Preschool Deluxe Action Train Table with Lid

Honnerlaw Real Estate Services, LLC 94 N. South St, Suite A

Brochure - Innerglass Window Systems