Largest Property Management Companies in 2025

Managing properties can feel overwhelming, whether you’re handling a single rental or an extensive portfolio. The demands of coordinating tenant needs, addressing maintenance issues, and staying on top of rent collection can stretch your time and resources thin.

Fortunately, property management companies play a pivotal role in simplifying these challenges, offering expertise and efficiency on a grand scale.

In this guide, we’ll explore the largest property management companies in the U.S., breaking down their impact on the industry and how they cater to different property types, such as multifamily and commercial properties.

Whether you’re considering outsourcing management or simply looking to understand the market better, this overview will provide valuable insights into the key players and how they shape property management today.

Understanding Property Management Landscape

The property management industry can be broadly categorized into two key segments: multifamily properties (such as apartment communities, condominiums, and residential complexes) and commercial properties (including office buildings, retail centers, and industrial spaces). 

This sector is witnessing remarkable growth, fueled by factors like urbanization, increasing rental demand, and shifting economic and demographic trends

• Market Growth: According to the Business Research Company, the property management market is projected to grow from $21.17 billion in 2024 to $23.21 billion in 2025, with a CAGR of 9.6%.

• Future Projections: By 2029, the market is expected to reach $33.11 billion, growing at a CAGR of 9.3%. Key drivers include improved tenant relations, sustainable practices, remote work trends, and advancements in property inspection technologies.

• Industry Trends: Emerging trends such as data analytics, predictive insights, remote management tools, smart technology, IoT integration, and affordable housing solutions are reshaping the industry.

• ‍Geographic Insights: North America was the largest property management market in 2024, with Asia-Pacific expected to be the fastest-growing region during the forecast period.

Did You Know?

As of the third quarter of 2024, the United States had approximately 132.1 million occupied housing units, accounting for 89.9% of the total 147 million housing units (Census.gov). This includes about 86.6 million owner-occupied units and 45.5 million renter-occupied units.

There are approximately 125.7 million occupied housing units in the United States, according to the Federal Reserve Bank of St. Louis.

10 Largest Property Management Companies In the U.S.

1. Greystar

• Headquarters: Charleston, South Carolina
• Units Managed in the USA: 823,581‍
• Insight: Greystar has maintained its #1 position for years, thanks to its comprehensive services and innovative approach. The company’s scale allows it to leverage technology and economies of scale, setting a high bar for the industry.

2. Asset Living

• Headquarters: Houston, Texas
• Units Managed in the USA: 291,322‍
• Insight: Asset Living’s rise to #2 from #3 highlights its focus on student housing, conventional apartments, and affordable housing. Its growth reflects the increasing demand for diverse housing solutions.

3. RPM Living

• Headquarters: Austin, Texas
• Units Managed in the USA: 226,169‍
• Insight: RPM Living’s leap from #6 to #3 underscores its aggressive expansion in the Sun Belt region, where population growth and housing demand are booming.

4. BH Management Services, LLC

• Headquarters: Des Moines, Iowa
• Units Managed in the USA: 210,000+
• Insight: BH moved up from #8 to #4, following its acquisition by Pretium, a specialized investment firm, in May 2024. Prior to the acquisition, BH managed approximately 114,000 multifamily units across more than 450 communities in 28 states.

5. Willow Bridge Property Company

• Headquarters: Dallas, Texas
• Units Managed in the USA: 201,472‍
• Insight: Formerly Lincoln Property Company, Willow Bridge remains a major player in the industry despite dropping from #2 to #5. The company operates in over 75 markets nationwide, with a strong presence in cities such as Chicago, Dallas, and San Antonio.

6. Cushman & Wakefield

• Headquarters: Frisco, Texas
• Units Managed in the USA: 182,214‍
• Insight: Cushman & Wakefield moved down two positions, from #4 to #6, but continues to maintain a strong presence in both multifamily and commercial property management, making it a versatile player.

7. FPI Management, Inc.

• Headquarters: Folsom, California
• Units Managed in the USA: 167,767‍
• Insight: FPI Management’s focus on affordable housing positions it as a key player in addressing the nation’s housing crisis. FPI Management dropped two positions from #5 but remains a significant force in the property management industry, operating in 23 states and managing over 1,200 communities.

8. Apartment Management Consultants, LLC

• Headquarters: Cottonwood Heights, Utah
• Units Managed in the USA: 145,697‍
• Insight: Dropping one position from #7 to #8, Apartment Management Consultants continues to showcase consistent performance and adaptability to market changes. The company employs over 3,500 individuals and offers a range of services, including property and asset management, leasing, marketing, and financial reporting.

9. Avenue5 Residential, LLC

• Headquarters: Seattle, Washington
• Units Managed in the USA: 121,932‍
• Insight: Avenue5 Residential moved up from #10 to #9, reflecting positive growth and highlighting its innovative use of technology to enhance tenant experiences and operational efficiency. The company operates in 22 states and Washington, D.C., with a presence in 242 cities.

10. WinnCompanies

• Headquarters: Boston, Massachusetts
• Units Managed in the USA: 120,855‍
• Insight: WinnCompanies rounds out the top 10, showcasing its ability to manage large-scale portfolios effectively. Its emphasis on affordable and mixed-income housing makes it a critical player in addressing housing affordability challenges. WinnCompanies manages 772 properties in 26 states and the District of Columbia.

<table style="width:100%"><tr><th>Rank</th><th>Company Name</th><th>Units Managed (USA)</th><th>Headquarters</th></tr><tr><td>1</td><td>Greystar</td><td>823,581</td><td>Charleston, South Carolina</td></tr><tr><td>2</td><td>Asset Living</td><td>291,322</td><td>Houston, Texas</td></tr><tr><td>3</td><td>RPM Living</td><td>226,169</td><td>Austin, Texas</td></tr><tr><td>4</td><td>BH Management Services, LLC</td><td>210,000+</td><td>Des Moines, Iowa</td></tr><tr><td>5</td><td>Willow Bridge Property Company</td><td>201,472</td><td>Dallas, Texas</td></tr><tr><td>6</td><td>Cushman & Wakefield</td><td>182,214</td><td>Frisco, Texas</td></tr><tr><td>7</td><td>FPI Management, Inc.</td><td>167,767</td><td>Folsom, California</td></tr><tr><td>8</td><td>Apartment Management Consultants, LLC</td><td>145,697</td><td>Cottonwood Heights, Utah</td></tr><tr><td>9</td><td>Avenue5 Residential, LLC</td><td>121,932</td><td>Seattle, Washington</td></tr><tr><td>10</td><td>WinnCompanies</td><td>120,855</td><td>Boston, Massachusetts</td></tr></table>

Do You Need a Property Management Company?

While the largest property management companies offer unparalleled expertise, their services may not be cost-effective for individual property owners. Hiring a management firm can cost around 8% to 12% of your rental income—a significant expense, especially if you’re managing a small portfolio.

The good news? You have alternatives. Property management software like DoorLoop is designed to handle many of the tasks traditionally outsourced to management companies. From rent collection and lease tracking to maintenance requests and financial reporting,our software let's you maintain control over your properties while avoiding the expenses associated with full-service management firms.

Want to explore the commercial side of property management? Check out our in-depth look at the 10 largest commercial property management companies in the U.S.