Independence Realty Trust is the largest apartment owner in the United States among the numerous real estate corporations. In nearly 30 states, this corporation is active in the lease and sale of apartment units. The corporation is comprised of several distinct entities. Greystar Real Estate Partners, Avalon Bay Communities, Morgan Properties, Mid-America Apartment Communities, and Starwood Hotels and Resorts are among the examples.
Mid-America Apartment Communities, founded in 1970, is the largest owner-operator apartment network in the United States. The company's headquarters are located in Germantown, Tennessee, and it owns or has interests in more than 79,500 apartments in 15 states. The company specializes in investing, developing, and renovating multifamily properties.
Mid-America Apartment Communities Inc. specializes in acquiring and developing high-quality apartment communities throughout the Southeast, Southwest, and Mid-Atlantic. The company's properties are located in Texas, North Carolina, Georgia, and Florida, and its portfolio consists of over 40.000 apartments. It obtains nearly all of its revenue from rental revenues. The market capitalization of Mid-America Apartment Communities is $18 billion. The corporation ranks among the top 50 apartment owners in the United States. In 2016, Mid-America acquired Post Properties in a $3.9 billion transaction.
Greystar Real Estate Partners, LLC, founded in 1993, is a fully integrated real estate corporation. The investing strategy of Greystar focuses on opportunities that increase property value. Greystar's history of smart acquisitions and global expansion has enabled the company to become a global leader in the rental housing industry.
The development and management portfolios of Greystar total more than $200 billion in real estate. Greystar has offices in over 130 markets, including the United States, Latin America, and Europe. The business offers a well-established platform for institutional investment management and broad ties with lenders, developers, and institutions. Globally, Greystar administers around 782,900 units. The company has an established portfolio of investment assets, including single-asset acquisitions and developing and managing properties. The property management division of Greystar also offers loans to owners of residential rental properties.
Avalon Bay Communities, founded in 1978, is the largest apartment owner in the United States. This Real Estate Investment Trust (REIT) owns over 80 thousand residential units. Avalon Bay Communities owns luxury housing complexes in eleven states. Additionally, the corporation has acquired huge property lots in significant markets. Avalon currently owns or has interests in 285 apartment complexes. Northeast, Mid-Atlantic, and Pacific Northwest are the portfolio's three sectors.
Avalon has increased its profits and established a name for itself in the luxury apartment sector. Additionally, the corporation has maintained a stable balance sheet. The corporation is currently valued at $31 billion.
Morgan Properties is a private multifamily investment corporation founded in 1985 by Mitchell Morgan and headquartered in King of Prussia, Pennsylvania. Morgan Properties owns and manages about 93,000 apartment units in 19 states and the District of Columbia. The company focuses on infill and high-barrier market acquisition.
Morgan Properties is committed to providing all tenants with an exceptional apartment living experience while maintaining the best level of value. Morgan Properties invests in its communities, employees, and tenants. The company's basic values are integrity, operational knowledge, excellent capital partnerships, and swift decision-making. The company is committed to providing residents with the ability to pursue their aspirations.
During the first two years of the recession, Starwood Capital Group was an aggressive buyer of rental properties. It increased its ranking on the National Multifamily Housing Council's list of the top 50 owners by acquiring or entering into a contract to acquire about 67,800 multifamily units over the past year. Starwood Capital also made history by becoming the nation's largest owner of subsidized affordable housing. The corporation bought holdings in existing subsidized affordable assets across the nation, including mobile home communities and commercial office buildings.
Additionally, Starwood Capital Group made several other noteworthy investments. The corporation acquired a 50% stake in Walker Tower, a midrise apartment building in the Chelsea section of New York City. It also purchased the Urbeo and Dovevivo platforms in Ireland and Southern Europe, respectively.
Independence Realty Trust acquired around 20,000 units in the past year. The corporation has more than 35,000 units in the United States and a Sunbelt exposure of 70%. Independence Realty Trust focuses on major employment centers and amenity-rich submarkets through capital recycling and joint venture development. Additionally, the organization focuses on quality retail and educational districts. The corporation can increase rents in line with inflation. The business aspires to offer good risk-adjusted returns through prudent portfolio management and distributions.
In addition to its exposure to Sunbelt regions, the corporation has a substantial presence in Southeastern markets. Independence Realty Trust owns several apartment developments in the Southeastern United States. The portfolio of the company consists of 120 communities with 35,592 units. The average occupancy rate for the company's portfolio is 96.2 percent. Over the past year, the company's NOI has dramatically increased.