Knowing the top property management companies can provide strategic investment insight for property owners, investors, and residents. The National Multifamily Housing Council's (NMHC) annual Top 50 Managers list (based on units managed as of January 1) remains the industry’s gold standard.
The latest available ranking for real estate management companies is the NHMC Top 50 Managers List for 2025.
Here are the leading building management companies, ordered by their NHMC's 2025 ranking:
Greystar is the largest property management company in the U.S. because it leads by a wide margin, managing over 946,742 units in 2025, up from ~814,313 in 2024.
Willow Bridge Property Company surged from 4th to 3rd place with a significant jump in managed units – from ~201,472 to over 220,676.
Leading firms like Greystar, Asset Living, Willow Bridge Property Company, RPM Living, and Cushman & Wakefield mirror nationwide footprints, while firms further down the list, such as regional players like Berkshire Residential Investments (Boston) often dominate local markets, while having presence across the country.
Many top apartment management companies manage a mix of traditional market-rate, student, senior, and affordable housing. For example, Asset Living has been the no. 1 third-party property manager of student housing since 2010.
The NMHC Top 50 Managers 2025 list gives a quick view of which property management companies have influenced multifamily property management into 2025. From top real estate management companies like Greystar to agile growth real estate management firms like Asset Living, each brings assets, strengths, and strategic value. Property owners should match their unique needs, whether scale, specialization, or regional expertise with the strengths of these firms when choosing a property management company in any states across the United States.
