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Balfour Beatty Communities 

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Apr. 17, 2018

Balfour Beatty Communities demonstrates continued growth, ranks 13th on NMHC’s 2018 Top 50 Apartment Owners List

Balfour Beatty Communities’ efforts to achieve steady growth through strategic acquisitions in both the multifamily and student housing markets have resulted in  the Company’s rise on the National Multifamily Housing Council (NMHC) Top 50 Apartment Owners list to 13th largest apartment owner in the US for 2017. 

“Since Balfour Beatty Communities first appeared on NMHC’s Top Owners list in 2013, we’ve steadily advanced 22 spots to our current position among the multifamily industry’s leaders,” said Chris Williams, president of Balfour Beatty Communities. “We fully expect to see our upward trajectory continue in 2018 with two acquisitions already closed during the first quarter and several more in our pipeline.”

Balfour Beatty Communities has also advanced on NMHC’s Top 50 Apartment Managers list, reaching the 22nd spot for 2017, up two positions from last year’s ranking. The Company’s portfolio of managed units increased to more than 52,500 units in 2017. 

“Strong underlying demand and investment performance metrics continue to buoy the market,” said Mark Obrinsky, NMHC’s Senior Vice President of Research and Chief Economist. “While there may have been some signs of deceleration and market leaders have shifted strategies, the industry’s fundamentals remain robust.”

NMHC partners with Kingsley Associates, a leading real estate research and consulting firm, to conduct the research and analysis for the NMHC 50. All apartment owners, managers, developers, builders and syndicators are invited to answer a survey questionnaire that asks about their prior year’s activities. Apartment owners, managers and syndicators are ranked based on their portfolio holdings (either owned, managed or syndicated) as of January 1, 2018, while developers and builders are ranked based on the number of apartment units started in 2017.

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