Balfour Beatty Communities has been recognized as one of the top ten owners in multifamily housing for 2018 by Multi-Housing News. The Company’s continued growth was propelled by the strategic acquisition of new assets in target markets, delivering a 2018 portfolio that surpassed 52,000 owned units. Balfour Beatty Communities was ranked seventh on the newly published list for 2018.
“Our position as an industry leader in multifamily housing is a direct result of our commitment to a focused approach to acquiring properties in an asset class that allows us to be most successful and show steady, profitable growth,” said Chris Williams, president of Balfour Beatty Communities. “In the coming year we expect to continue to execute this strategy as we further diversify and grow our multifamily portfolio.”
MHN’s 2018 Top Multifamily Owners list is developed using a weighted formula based on a variety of factors including the total square footage and number of units owned, owned portfolio value, historic performance and a focused or diversified participation in property sectors.