The country’s biggest apartment owners (2024)

FAQs

Who is the largest owner of apartments in the US? ›

Starwood Capital Group claimed the top spot on the 2022 NMHC Top 50 owners list, after gaining more than 25,000 units last year. MAA, the Memphis-based REIT, came in No. 2 for the first time since 2017, followed by Morgan Properties, based in King of Prussia, Pennsylvania.

Apartment and condo living is only preferred by 8 percent of the population, yet two in 10 Americans (17 percent) live in an apartment or condo.

Columbia University is the largest owner in New York City by the number of locations and manages over 5000 apartments across 150 residential buildings.

Stuyvesant Town–Peter Cooper Village is split up into two parts: Stuyvesant Town, south of 20th Street, and Peter Cooper Village, north of 20th Street. Together, the two developments contain 11,250 apartments. Stuyvesant Town–Peter Cooper Village was planned, beginning in 1942, and opened its first building in 1947.

The penthouse inside Central Park Tower is the most expensive listing in the country.

The exterior of the home. Beyoncé Knowles and Jay-Z are known for breaking records, and now, they've broken the record for purchasing the most expensive home in California's history. Knowles and Jay-Z, who's real name is Shawn Carter, purchased a sprawling $200 million Malibu, California estate.

Invitation Homes is the largest single owner of single-family rental homes in the United States, managing more than 80,000 homes as of 2021.

The 2022 Land Report 100, compiled each year by The Land Report magazine, released its annual list of landowners who own the most acres in the United States. The nation's largest private landowners are the Emmerson family in California who own over 2.4 million acres.

Who owns most land in Manhattan? ›

To the surprise of nobody, the City of New York is the biggest property owner in the five boroughs — with a massive 362.1 million square feet to its name, according to TRD's analysis. Think 1 Police Plaza, Stuyvesant High School and the New York Public Library building on Fifth Avenue.

The largest real estate company in the world is Keller Williams Realty, with a revenue of $381.4 billion. As of 2023, the global real estate industry has a market size of $4.4 trillion.

(According to the Pew Research Center, about 36 percent of American households rented, rather than owned, their homes in 2019, the last year that reliable data was available from the Census Bureau.) Moody's first started tracking the metric in 1999, when the typical rent-to-income ratio was 22.5 percent.

Many people do not want the stress of home ownership or even renting a home. When you own a home, the cost of maintenance can be high. Most of the time when you rent a house, you take on some of the responsibility for the upkeep. Apartment living is worry-free when it comes to maintenance and repairs.

Most New Yorkers live in large buildings: Nearly half of all homes are contained in buildings of 20 units or more. In fact, New York City accounts for about 13% of all apartment buildings that have 20 or more units in the entire country. In the rest of the U.S., 61.7% of all homes are detached single-family structures.

The penthouse nestled atop Central Park Tower is not only the highest in New York City but also the most expensive, with an asking price of $250 million.

Well, Seattle apartments are officially the smallest apartments in the country. New apartments were only 659 square feet in 2022.

While the most expensive rentals are unsurprisingly in New York City, several California cities are not far behind. San Francisco landed second on the costliest-rental list, with San Jose coming in at fourth and Los Angeles and San Diego taking the 6th and 7th spots, respectively.

New York, New York: 57th Street (world's most expensive street according to Business Insider)

1: Atherton, Calif. (94027)

Where do the super rich live? ›

New York is the world's most popular place for the super rich to own a property, according to a new report by data firm Altrata. A total of 21,714 ultra-high-net-worth (UHNW) individuals — those worth over $30 million — own either a primary or secondary residence in the city, the study found.

Billionaire mogul Byron Allen, CEO of Entertainment Studios and perhaps best known for buying The Weather Channel, purchased a Malibu mansion for $100 million, reports the Wall Street Journal.

The seven-bedroom, 10-bathroom, prime-Beverly Hills-location home is the brainchild of developer Adnan Sen, who has also become a reality presence in his own right. The house, which is still available and listed on The Oppenheim Group website, has become an internet sensation.

Famous and Famously Expensive

The Chartwell Estate, located in Beverly Hills, California, is owned by the late head of Univision, Jerry Perenchi. Built in 1933, the French neoclassical home encompasses 25,000 square feet of land. It is situated on a 10-acre expanse of manicured lawns and gardens.

Istana Nurul Imam Palace, Brunei

It is located in the hills of River Brunei near the capital city. It is the world's largest private residence with a 2.15 million square feet area. It has 1788 rooms, 257 bathrooms, a banquet hall with a capacity of 5000 guests, and a mosque accommodating 1500 people.

Brookfield Corp., parent of the largest office landlord in downtown Los Angeles, is defaulting on loans tied to two buildings rather than refinancing the debt as demand for space weakens in the center of the second-largest US city.

Homeownership rates double between the ages of 25 and 29, and 70 and older are the most likely to be homeowners. The average homeowner is 56 years old. 23.4% of homeowners are between 55 and 64 years old.

What foreign country owns the most land in the United States? ›

China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture.

Michael Bloomberg is still the richest person in New York, and it isn't particularly close. With a net worth of $94.5 billion, Bloomberg ranked No. 7 on Forbes' 2023 World's Billionaire List, released Tuesday.

The listing, which is currently the most expensive in New York City, is held by Million Dollar Listing New York star Ryan Serhant.

Prologis

Prologis is the top commercial real estate owner in the world, with almost 607 million square feet around the globe as of 2015, according to the 2015 Annual Report.

After gaining permission from the Vatican, Burhans underwent a comprehensive of bringing the Church into the 21st century. A live database provides a visual of all its land holdings. Conclusion: The Catholic Church owns the most land, far more than McDonald's and billionaire Bill Gates.

Donald Bren, chair of Southern California-based Irvine Company, is the wealthiest American real estate titan, just cracking the top 100 (#97) with a $17.4 billion fortune, an increase of $1.2 billion from last year.

While the brand has sold more than one billion hamburgers to customers around the world, 85% of its stores are owned by franchisees. Franchisees pay to use McDonald's brand name, its proprietary processes and trademarked menu items, but unlike other franchises, McDonald's owns the land the stores are built on.

In fact, 72.5% of single-unit rental properties are owned by individuals, while 69.5% of properties with 25 or more units are owned by for-profit businesses.

Invitation Homes, the nation's largest owner of single-family rentals, has "a couple of billion dollars of dry powder" for would-be mergers or acquisitions, CEO Dallas Tanner told investors.

Who is the worlds largest residential landlord? ›

The world's largest private landlord, Blackstone, holds more than $300 billion in real estate assets under management (AUM). In one deal this past June, Blackstone bought 17,000 single-family homes across the US to extract rental income from tenants.

ProLogis, a publicly owned REIT founded in 1991, ranks as the No. 1 U.S. commercial property owner, with 479.7 million square feet of industrial space, according to company estimates. The company owns property in North America, Europe, and Asia.

Rental income is the primary way that an apartment building makes money. The rents collected become the biggest chunk of the gross income for that month.

Former U.S. president, businessman, and television personality Donald Trump currently has six residences. Trump grew up in Jamaica Estates, an affluent neighborhood in Queens, New York City. During his time at the New York Military Academy, he lived on campus; he later rented row houses in college.

65.8% of the U.S. population lives in a home they own, and 34.2% rent.

Invitation Homes, the nation's largest single-family rental landlord, is slowing its acquisition pace and lowering profit estimates because of higher inflation and increases in tenant turnover and tax rates.

The top multifamily property owner for 2022 was Greystar for the third consecutive year. In August, the company's 157,500 units were valued at $39.7 billion.

The largest country in the world is Russia with a total area of 17,098,242 Km² (6,601,665 mi²) and a land area of 16,376,870 Km² (6,323,142 mi²), equivalent to 11% of the total world's landmass of 148,940,000 Km² (57,510,000 square miles).

While the most expensive rentals are unsurprisingly in New York City, several California cities are not far behind. San Francisco landed second on the costliest-rental list, with San Jose coming in at fourth and Los Angeles and San Diego taking the 6th and 7th spots, respectively.

What ethnicity are most landlords? ›

Ethnic. White landlords are the most common, making up 67% of the landlord population. 16.3% are of Latino ethnicity, while African Americans make up 8.6%. Comparatively 4.9% are Asians and 0.6% are Alaska Native and Indian Americans.

One of the largest landowners in the US is real estate tycoon Stan Kroenke, who owns nearly 1.7 million acres of land scattered over seven states. Ranches, forestry, hunting preserves, and several significant developments are among Kroenke's holdings.

1. EMMERSON FAMILY. The nation's largest private landowners, California's Emmerson family, are a prime example of this trend. Through their Sierra Pacific Industries, the Emmersons increased their landholdings by more than 100 square miles to over 2.4 million acres.

To the surprise of nobody, the City of New York is the biggest property owner in the five boroughs — with a massive 362.1 million square feet to its name, according to TRD's analysis. Think 1 Police Plaza, Stuyvesant High School and the New York Public Library building on Fifth Avenue.