There are various deciding variables when evaluating the finest property management firms. The services offered and the amount of staff are both very important. Additionally, there are a number of regional variations and the capacity to adjust to shifting market conditions. The competitiveness and profitability of the firms will be impacted by these variables.
One of the largest property management firms, CBRE has more than 500 locations globally. It oversees commercial real estate totaling around three billion square feet. Commercial building services are another service that CBRE offers in addition to managing properties. Asset and facilities management, leasing, and strategic consulting are among the services offered by the organization. The Newmark Knight Frank Group, whose origins date back to 1929, includes CBRE.
The business makes money from a mix of regular and non-recurring sources. Properties for offices, industries, and stores are all part of the company's portfolio. It employs more than 105,000 people and serves a variety of clients. It is active in more than 100 nations. The company's market value is about $24 billion.
One of the top property management firms in the nation is Greystar. By 2022, the corporation expects to have worked more than one million units, managing more than 660,000 today. It intends to eventually reach all 50 states. To draw affluent inhabitants, the corporation makes investments in its buildings and creates thorough listings. One of the biggest multifamily companies in the world, it oversees more than $32 billion in assets. With its corporate headquarters in Charleston, South Carolina, Greystar was established in 1993. It has 51 offices in the US, Europe, Latin America, and Asia-Pacific with more than 14,000 people.
With its headquarters in Dallas, Texas, Cushman & Wakefield has approximately 150 years of experience managing properties. The business has a reputation for hiring the best employees and luring the best residents. Additionally, it enhances the services it offers to residents by utilizing cutting-edge technologies like AI modeling and sophisticated workflow strategies. Currently, the corporation is in charge of 170,000+ units.
It is a multi-national commercial real estate company that offers expert real estate, investment management, and property development services. JLL has roughly 300 offices throughout the world and about 90,000 people work there. Delivering comprehensive real estate services is the company's goal. The business's most recent purchase has helped it increase both its geographic reach and scope of operations. Wright Property in Queensland, Smith Brothers in South Australia, Inc RE, the valuation division of Knight Frank NSW, and other businesses were recently bought by it.
Private real estate company Stonehenge NYC is vertically integrated and has experience in development, property management, design, and construction. Its portfolio consists of 2,700 flats and 19 income-producing structures. The properties of this company also provide five-star lifestyle programming. Stonehenge has a track record of providing its investors with value.
The renowned 10 Downing Street, which the real estate firm acquired in 2005 for $47 million, is a part of its property. Additionally, it contains 150,000 square feet of commercial and retail space in addition to 3,300 rental units. Stonehenge can take care of any property, whether it's unoccupied or in need of a makeover.
A private real estate company with expertise in investment management, design, building, leasing, and marketing is Stonehenge NYC. Stonehenge NYC was established in 1992 and has created a vertically integrated real estate business strategy. In Manhattan, the business has a track record of buying, maintaining, and repositioning buildings that generate money. Additionally, it is dedicated to supporting its neighborhood.
A large, diversified portfolio is offered by the national property management and investment firm Balfour Beatty Communities. The business offers services for multifamily, commercial, and residential properties. Over $6 billion in real estate assets are managed by the organization. The team's commitment to provide its residents with outstanding living opportunities is its main priority.
Recent accomplishments for the firm include a number of accolades and distinctions. For instance, the business has been recognized as the best general contractor in North Texas and San Diego. It has also received recognition from Associated Builders and Contractors as one of the top 100 general contractors. Additionally, company has won two commendation awards from Engineering News-Record Southeast for its work on the Osprey project in Atlanta, GA, as well as the Parker Poe interior buildout project in Charlotte, NC.
One of the best asset managers is also acknowledged to be Balfour Beatty Communities. It has a reputation for being socially conscious and inventive, and its varied portfolio comprises both commercial and residential properties. For instance, it has established a scholarship program for locals that offers financial aid for furthering their studies. Additionally, the business is dedicated to building in a sustainable manner.