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DALLAS, May 01, 2018 -- Lincoln Property Company is retaining its top ranking as the second largest management company this year after the release of the National Multifamily Housing Council's Top 50 lists for 2018. Units under management increased to 190,542, growing 6,375 units from 2017. Lincoln Property Company was additionally listed as the fifth largest developer with 5,002 units started in 2017 and was ranked eighth largest owner, with 60,518 units owned in 2018.
As the number two spot on the NMHC 50 Largest Apartment Managers list, Lincoln’s unit count is comprised of 153,377 market rate units and 37,165 military housing units. Margette Hepfner, Lincoln Property Company’s SVP of Client Services stated, “We’re thrilled with Lincoln’s continued growth year over year. It’s undoubtedly due to the team’s steadfast focus on our clients and their needs. Despite Lincoln’s growing size we’re still able to deliver a boutique approach to property management with the added benefit of national resources, which we feel sets us apart.”
According to NMHC, the number of apartments managed by those who made the top 50 list is continuing to grow, reaching a new high with a share of 16.1 percent of all apartments in the United States.
Lincoln improved its position on the NMHC 50 Largest Apartment Developers list for 2018, pushing their rank up by one spot to number five from their position as sixth largest developer position in 2017.
About Lincoln Property Company
Lincoln Property Company was founded in 1965 as a builder and operator of high-quality residential communities. In the early 1970's, Lincoln expanded its product mix to include commercial, build-to-suit, office, hotel, industrial, and other mixed-use assets. In 1972, Lincoln took this expertise within the United States to Western Europe and the Middle East.
In 2001, Lincoln joined forces with the U.S. Department of Defense to renovate and redevelop family housing at selected bases for the Navy, the Marine Corps, and the Army. Through innovative management, property rehabilitation and award-winning new construction designs, Lincoln is now one of the largest operators of military housing in the country.
Headquartered in Dallas, TX, Lincoln focuses on real estate investment, construction and development, in addition to property management. Their national reputation has enabled Lincoln to attract a large client base of owners and investors who count on their ability to deliver quality results and continually serve as a market leader.
For more information about Lincoln Property Company, please visit www.lincolnapts.com/about/client-services or visit www.lincolnapts.com/communities for apartment listings in your area.
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Media Contact:
Sheri Sandefur Killingsworth, Vice President - Marketing & Communications
214-740-3300 | [email protected]
SOURCE Lincoln Property Company
