Commercial Property Executive August 2015 : Page 16

Indexes & Rankings 2015 Top Property Managers Rank Company Name Owned MSF 3rd Party MSF Office MSF Industrial MSF Retail MSF Multiamily (units) Average Occupancy 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 16 Lincoln Property Co. AEW Capital Management L.P. CBRE Group Inc. DTZ Cushman & Wakefield Inc. JLL Colliers International Newmark Grubb Knight Frank Hines Sperry Van Ness The ConAm Group Charles Dunn Real Estate Services Inc. Transwestern Stirling Properties L.L.C. Greystar Camden Property Trust Essex Property Trust 30 +48,705 units 62.5 +31,110 units & 1,612 keys ------91.0 -7.0 ----58,948 units 52 65 43 52,336 units 19,832 units 16 31 152 -75.4 +4,068 units -19 4 51 110 169 +115,711 units -3,700 1,900 1,129 3,010 1,695 647 86 41 32 21 214 16 ---1 7 -64,023 units 15 3 -27 7 30 39 29 --106 19 1,300 --1,601 313 -121 16 -6 139 5 --0.1 -----33 19 12 65 9 19 5 --30 33 700 --910 264 -33 14 -9 64 ----------50 11 -18 -16 --12 10 700 --500 349 -6 11 -6 6 10 --------20 4 5 2 16 4 -110 164,416, +15,355 student housing units 26,988 ------1,506 25,501, +4,813 student housing beds 49,100 812 94.0% 84.0 ------79.0 -95.0 --1,159 400,000 units (approx.) 58,948 57,641 48,469, +4,491 student housing beds 100,000 beds 52,336 -31,875 5,890 34,902 -4,068 -150 -7,205 -90.0 -96.0 96.2 95.3 94.2 95.8 93.1 92.4 84.2 87.0 --93.4 -92.0 96.5 95.8 Balfour Beatty Communities L.L.C. American Campus Communities Aimco Alliance Residential Co. Gables Residential Mack-Cali Realty Corp. Heitman RiverRock Real Estate Group Vornado Realty Trust Kidder Mathews CORFAC International* Lee & Associates Property & Asset Management Tryko Partners L.L.C. Kimco Realty Corp. August 2015 | Commercial Property Executive

Ranking

Mike Ratliff

Building Relationships

A prime location and the newest asset on the block mean nothing without proper property management. The management sector gets a bad rap for not being as exciting or mission critical as the more transactional development, acquisitions and brokerage sides of the business. Property management is about forming long-term, trust-based relationships with tenants and renters, and we salute this list of companies that are leading the industry on that front.

The number of properties each firm manages increased significantly as the service industry consolidates and owners expand their portfolios. Together these firms managed 151,000 properties in 2014, a figure that represents a 13.7 percent uptick from 2013. If you look back at the change from 2012 to 2013 you will only see a 7.9 percent increase, so portfolio growth is accelerating.

On the flip side, we saw average occupancy decrease from 91.9 percent in 2013 to 90.9 percent in 2014. We interpret this decrease in occupancy as a result of the significant amount of new supply in the apartment, office and industrial sectors. The good news is that this slight decrease in occupancy is easily offset by the 7.8 percent increase in average rents seen from 2013 to 2014. There are a lot of apartment managers on this list and we attribute most of the rent growth to multifamily.

Methodology

The 2015 CPE-MHN Ranking of Top Property Management Firms utilized self-reported property characteristics for all firms. We measured square footage, number of leases, number and size of properties under management, property operations owned or managed, participation in property sectors, sustainability practices and other factors. Preference was given to those firms that had strong fundamental growth and provided services to more than one sector.

Podcast: Behind the Scenes

Tune in to CPE Radio or visit our Research Center for a detailed look at property management best practices, as well as what 2015 will mean for occupancy levels and rent rates.

Read the full article at http://bluetoad.com/article/Ranking/2232498/267458/article.html.

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