The Nation's 50 Largest Apartment Owners and 50 Largest ...

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Top Apartment Firms Strategically Pursue Surging Rental Market By Mark Obrinsky, Vice President of Research and Chief Economist, National Multi Housing Council OvERviEw Apartment Market Demand for apartment residences continued to surge in 2011 as more households decided that renting was a better fit for their lifestyles, needs and budgets than owning. Overall, the renter share of households rose to 34.0 percent at year-end, the highest level in almost 14 years. Net absorption among investment-grade apartments posted the best back-to-back years since the boom of 1999-2000, while the occupancy rate A sPECIAL suPPLEMENt tO NAtIONAL REAL EstAtE INVEstOR DEVELOPMENT | FINANCE | CONSTRUCTION | MANAGEMENT American Campus Communities is a $4.5 billion real estate investment trust (REIT) traded on the NYSE (symbol: ACC). Since 1993 we have structured and closed more than $6 billion of student housing transactions. With business expertise in project design and development, asset acquisition, and management services, we are the nation’s premier owner and operator of quality student housing. AMERICANCAMPUS.COM NMHC 50 PROFilE 2012 Portfolio Size: No. of Apartments Owned 3,003,341 No. of Apartments Managed 2,776,045 Minimum Entry Threshold: No. of Apartments Owned 24,877 No. of Apartments Managed 27,573 rose 110 basis points (bps) from the fourth quarter of last year to almost 95 percent, an indication of solid recovery from the Great Recession. New supply remained sparse. The historically low level of multifamily starts in 2009 and 2010 led to low completions in 2011. However, starts rebounded significantly, suggesting completions should ramp up in 2012, with stronger deliveries likely for 2013 and beyond. Even so, the level of new multifamily construction in 2011 was barely half of the average annual pace from 1997 to 2006. NMHC’s most recent Quarterly Survey of Apartment Market Conditions showed that although new development activity was widespread, starts lagged— only one-fifth of respondents indicated that groundbreaking had accelerated. What’s more, almost half of respondents indicated that new development was considerably below demand. New construction financing remained an obstacle in many markets, along with outdated zoning codes, unnecessary regulations and “NIMBY” groups. The boom in renters combined with the near-bust in supply led to strong rent growth. Same-store asking rents APRIL 2012
$13,860,000 Branchwood Towers Clinton, MD Freddie Mac Affordable Refinance $10,680,000 Carrollton Oaks Carrollton, TX Fannie Mae DUS Acquisition Working together. With diverse expertise encompassing all components of the real estate capital structure, CW differentiates itself by harnessing its vast resources to develop the most successful, client specific solutions. $25,700,000 Monterra Apartments Cooper City, FL Freddie Mac Affordable Construction $24,750,000 Pembrook Club Gurnee, IL Fannie Mae DUS Acquisition For more information, contact: CWCAPITAL.COM Fannie Mae – Freddie Mac – FHA – Life Co – Bridge – Conduit – Mezz $15,700,000 Waterview Apartments Benicia, CA Freddie Mac CME Refinance $5,800,000 Towers on Greenwood Seattle, WA Life Company Refinance Ellen Kantrowitz | FHA 781.707.9309 | ekantrowitz@cwcapital.com Donald King | Fannie Mae & Freddie Mac 781.707.9494 | dking@cwcapital.com
Page 1 and 2: A SPECIAL SUPPLEMENT TO NATIONAL RE
Page 3 and 4: Delivered through a leading team of
Page 12 and 13: were up by almost five percent in 2
Page 14: 2011. Hunt Companies, Inc. had the
Page 17 and 18: NMHC 50 MaNagers Number of apartmen
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Page 24 and 25: RAISING EQUITY + SUPPORTING AFFORDA
Page 26 and 27: company plans to start construction
Page 28 and 29: Top 25 Apartment Buyers and Sellers
Page 30 and 31: NMHC Officers 2012 Chairman Thomas
Page 32 and 33: Executive Committee Eli Hanacek Hol
Page 34 and 35: Board of Directors Jeffery Daniels
Page 36 and 37: Board of Directors John M. O’Hara
Page 38 and 39: Board of Directors Joe Colon Protec
Page 40 and 41: Board of Directors (not pictured) E
Page 43 and 44: Advisory Committee Advenir Taylor R
Page 45 and 46: Advisory Committee Haley Real Estat
Page 47 and 48: Advisory Committee Merion Realty Pa
Page 49 and 50: Advisory Committee Shelter Corporat
Page 51: SMARTER YARDI VOYAGER End-to-end p

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