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Houston (April 20, 2021) - Asset Living earned widespread recognition by making the National Multifamily Housing Council’s (NMHC) 2021 NMHC 50—an annual ranking of the nation’s largest apartment owners, managers, developers, builders, and syndicators. The new list named Asset Living the fifth largest property manager in the country, climbing a total of nine spots from 2020 when the firm was ranked fourteenth.
“It’s an honor to make the list as one of the top five property management firms in the nation,” said Asset Living CEO and President, Ryan McGrath. “This was a concerted effort across the entire organization and one that comes at a time when we’re celebrating 35 years of service to our residents and clients. We’re seeing incredible results and this milestone brings us one step closer to becoming the most trusted partner in real estate.”
The new ranking sets a record for Asset Living in terms of size and growth achieved as the firm now has more than 100K units under management. Much of Asset Living’s success can be attributed to the strategic acquisitions expanding the firm’s portfolio in multifamily and affordable housing, single family home rentals and senior housing divisions while still focusing heavily on organic growth within the student housing vertical. In the last two years, Asset Living grew by more than 60 percent in total units under management, expanded to 109 new cities, and increased staff by more than 50 percent.
“While the growth stats speak for themselves, the real reward has been watching our staff double in size during a time when so many Americans experienced unemployment,” says McGrath. “We were recognized again as one of Houston’s Best and Brightest Companies to work for in 2021, which wouldn’t have been possible without the Asset team’s integrity, drive, and commitment to making a difference.”
This year also marks the 32nd edition of the NMHC Top 50 lists. NMHC partners with Kingsley Associates, a leading real estate research and consulting firm for the NMHC 50’s research and analysis. All apartment owners, managers, developers, builders and syndicators are invited to answer a survey questionnaire that asks about their prior year activities. Apartment owners, managers and syndicators are ranked based on their portfolio holdings (either owned or managed) as of January 1, 2021, while developers and builders are ranked based on the number of units started in 2020.
For more details about the NMHC 50, visit their website at nmhc.org/The-NMHC-50/.
About Asset Living
Founded in 1986, Asset Living (“Asset”) is a Houston-based real estate management firm. With a growing portfolio that includes a multitude of properties across the nation, Asset provides services to a variety of clients that include property management, asset management, receivership, and investment services. Asset is a member of The Institute of Real Estate Management (IREM), and is recognized as an Accredited Management Organization(AMO). To learn more, please visit www.assetliving.com.
About NMHC
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the apartment industry. We bring together the prominent owners, managers and developers who help create thriving communities by providing apartment homes for 40 million Americans, contributing $3.4trillion annually to the economy. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, email the Council at info@nmhc.org, or visit NMHC's web site at nmhc.org.
