2020 NMHC Top 25 Developers

The NMHC Top 25 Developers list ranks the most active multifamily developers in the U.S. by their total multifamily units started in 2019. Alliance Residential remains at the top of the list for the second consecutive year with 8,009 new units started in 2019, up from 6,935 in 2018. Greystar Real Estate Partners moves into second place, with 7,010 new unit starts, while Wood Partners moves into third, with 6,757 new starts.


The Cleveland-based NRP Group moves from No. 9 with 3,463 new starts in 2018 to No. 7 with 4,161 new starts in 2019. The company has developed over 42,000 new apartment units since 1994, including affordable housing, an expertise which CEO J. David Heller intends to expand upon following the economic shocks of COVID-19. MFE spoke with Heller about The NRP Group’s successes and future strategies, as well as the company’s approach to development in the past, present, and near future.

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