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2023
May. 15, 2023

Balfour Beatty Communities Recognized as Top 50 Owners and Managers by the National Multifamily Housing Council

Balfour Beatty Communities Recognized as Top 50 Owners and Managers by the National Multifamily Housing Council

MALVERN, PA --- May 15, 2023 --- Balfour Beatty Communities, a national residential real estate investment and management company, once again earned recognition by the National Multifamily Housing Council’s (NMHC) 2023 NMHC 50, the annual ranking of the nation’s largest apartment owners, managers, developers, builders, and syndicators. Balfour Beatty Communities is the 22nd largest apartment owner and 34th largest apartment manager with more than 46,000 units owned and managed across the United States.

“We are honored to be named one of the country's top multifamily housing owners and managers,” said Chris Williams, president of Balfour Beatty Communities. “This recognition reflects the tireless efforts of our employees, who continue to propel the company forward by putting the needs of our residents first and delivering exceptional services.”

For over 20 years, Balfour Beatty Communities has partnered with the U.S. Department of Defense Military Housing Privatization Initiative (MHPI) to revitalize, operate, and maintain on-base military family housing. Today, Balfour Beatty Communities is one of the largest MHPI developers, responsible for family housing at 55 Army, Navy and Air Force installations and portfolios in both the student housing and conventional multifamily sectors across the U.S.

This year marks the 34th 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, 2023, while developers and builders are ranked based on the number of units started in 2022.

For more details about the NMHC 50, visit nmhc.org/The-NMHC-50/.



About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception in 1999, Balfour Beatty Communities has invested in nearly 100 properties representing more than $7.9 billion of gross asset value. Our broad in-house expertise includes decades of acquisition, development, finance, renovation, leasing and property/facility management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while delivering exceptional living experiences. For more information, visit balfourbeattycommunities.com.

Balfour Beatty Communities is a subsidiary of Balfour Beatty Investments, Inc. and Balfour Beatty plc, a leading international infrastructure group.

Media Contact:
Surabhi Verma Director, Stakeholder Communication Balfour Beatty Communities 267-887-0706 SVerma@bbcgrp.com

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