Independence Realty Trust is the largest apartment owner in the United States among the numerous firms in the real estate sector. This corporation operates in more than 30 states, leasing and selling apartment buildings. The business is made up of numerous other businesses. Avalon Bay Communities, Morgan Properties, Mid-America Apartment Communities, and Starwood Hotels and Resorts are a few of these.
The largest owner-operator network of apartment buildings in the U.S. was founded in 1970 and is called Mid-America Apartment Communities. With over 79,500 apartments owned or controlled by the firm throughout 15 states, it maintains its corporate headquarters in Germantown, Tennessee. The company's primary investment, development, and redevelopment areas are multifamily homes.
Mid-America Apartment Communities Inc focuses on purchasing and developing high-quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions. Over 40,000 apartments comprise the company's property, spread across Texas, North Carolina, Georgia, and Florida. Rental income provides practically all of its revenues. The market value of Mid-America Apartment Communities is $18 billion. One of the top 50 apartment owners in the country is the firm. Mid-America acquired Post Properties in 2016 for $3.9 billion.
Greystar Real Estate Partners, LLC, a fully integrated real estate corporation, was established in 1993. The opportunities that create value at the property level are the core of Greystar's investing approach. Due to its smart acquisitions and international growth history, Greystar has emerged as a market leader in the rental housing industry.
The real estate development and management holdings of Greystar comprise more than $200 billion. More than 130 markets have offices for Greystar, including a significant presence in the U.S., Latin America, and Europe. The business has a well-established platform for managing institutional investments and strong ties to institutions, lenders, and developers. Over 782,900 units are managed by Greystar internationally. The company has a well-established portfolio of investment assets, including single-asset acquisitions and developing and managing properties. The property management division of Greystar also provides loans to owners of residential rental properties.
The biggest landlord in the U.S. is Avalon Bay Communities, established in 1978. More than 80,000 residential units are held by this real estate investment trust (REIT). In 11 states, Avalon Bay Communities owns a portfolio of upscale housing complexes. The business has also purchased substantial land lots in important markets. Avalon currently owns or has ownership interests in 285 housing complexes. The Northeast, Mid-Atlantic, and Pacific Northwest regions comprise the portfolio's three sectors.
Avalon has successfully raised its profits and created a name for itself in the market for luxury apartments. Additionally, the business has been able to keep a sound balance sheet. The corporation is currently valued at $31 billion.
Morgan Properties, a private multifamily investment company, based in King of Prussia, Pennsylvania, was established in 1985 by Mitchell Morgan. Over 93,000 apartment units are owned and managed by Morgan Properties across 19 states and Washington, D.C. The company is concentrated on acquiring infill and high-barrier markets.
Morgan Properties is dedicated to providing each resident with an exceptional apartment living experience while upholding the highest standard of value. Morgan Properties makes time and effort to support its neighbors, staff members, and tenants. The company's basic values are integrity, operational proficiency, solid capital partnerships, and hasty decision-making. The company is committed to allowing its residents to achieve their goals.
Starwood Capital Group aggressively purchased rental properties in the first two years of the recession. It increased its ranking in the Top 50 Owners list of the National Multifamily Housing Council by purchasing or having contracts to purchase almost 67,800 multifamily units over the previous year. In addition, Starwood Capital established itself as the country's largest owner of publicly funded, affordable housing. The business purchased stakes in mobile home parks and commercial office buildings in several nationwide areas already subsidized and affordable.
Additionally, several important additional investments were made by Starwood Capital Group. Walker Tower, a mid-rise residential building in New York City's Chelsea district, was 50% owned by the corporation. Additionally, it bought the Dovevivo platform in Southern Europe and the Urbeo platform in Ireland.
Independence Realty Trust purchased more than 20,000 homes over the previous year. The company is 70% exposed to the Sunbelt region and has more than 35,000 units in the U.S. Through capital recycling and joint venture development; Independence Realty Trust focuses on major employment centers and amenity-rich submarkets. The corporation also has a strong emphasis on upscale retail and educational districts. The corporation can raise rents to keep up with inflation. The company's meticulous portfolio management and distributions are intended to provide appealing risk-adjusted returns.
The business is well-known in Southeastern areas in addition to the Sunbelt. Apartment complexes are part of Independence Realty Trust's portfolio throughout the Southeast. One hundred twenty communities totaling 35,594 units are included in the company's portfolio. The portfolio of the organization is generally 96.2 percent occupied. Over the past year, the company's NOI has increased dramatically.
