20 Largest Property Management Companies in U.S. [2024 Master List]

Property management is a lot of work.

Fortunately, there are tools to help make managing your properties easier.

One is hiring a property manager or property management company who can manage one, multiple, or all aspects of your property’s management.

There are other tools, which we’ll touch on later if the cost of hiring property management firms isn’t to your liking.

But first, let’s look at who the biggest property management companies are in the U.S.

To simplify things, we’ve broken down the list based on some notable property types:

• Multifamily properties
• Commercial properties

First, let’s look at the largest multifamily property management companies.

Largest Multifamily Property Management Companies

There are many large property management companies, but which are the biggest? 

According to an independent self-reported survey by Multi-Housing News, these are the 10 largest multifamily property management companies based on number of united managed:

1. Greystar Worldwide, LLC: 966,700 (units managed)
2. Asset Living: 202,748 (units managed)
3. Lincoln Property Co.: 213,900 (units managed)
4. Cushman & Wakefield: 178,000 (units managed)
5. RPM Living: 148,603 (units managed)
6. FPI Management Inc.: 159,248 (units managed)
7. Avenue5 Residential: 100,805 (units managed)
8. WinnResidential: 105,673 (units managed)
9. Morgan Properties: 95,219 (units managed)
10. Bozzuto: 88,710 (units managed)

Greystar sits at #1 with Asset Living and Lincoln Property Co. coming in second and third, respectively. 

The portfolios of most companies in the top 10 experienced a 5% to 6% increase YoY , with RPM Living being an outlier that experienced a large 32%+ growth.

Keep in mind that the above data is subject to some variance depending on the reporting source.

Largest Commercial Property Management Company

Next, let’s take a look at the largest commercial property management companies.

These are all primarily commercial-based companies, but many of those on this list handle other property types. So you'll see some crossover with the list above.

According to a survey by commercial property management platform Commercial Search, these are the top 10 commercial property management companies (based on square footage managed, by the billions):

1. CBRE Group, Inc.: 7,100 (msf)
2. Cushman & Wakefield: 4,811 (msf)
3. JLL: 2,670.66 (msf)
4. Colliers: 2,457.88 (msf)
5. Lincoln Property Co.: 296 (msf)
6. Hines: 308.09 (msf)
7. Newmark: 204.39 (msf)
8. Avison Young: 235 (msf)
9. Transwestern Commercial Services: 214.96 (msf)
10. TCN Worldwide: 144.47 (msf)

Keep in mind that the above list was self-reported, and several firms that may have made the list did not respond to Commercial Search’s survey.

Additionally, because these numbers are self-reported, they may not be 100% accurate (though this is the most accurate list available online).

Who Is the Biggest Property Management Company

Based on survey data of property management companies of all property types, the largest multifamily property management company is Greystar Real Estate Partners and the largest commercial property management company is CBRE Group, Inc.

Depending on the survey source, Greystar likely manages somewhere between 600,000-800,000 doors and CBRE manages roughly 7.1 billion square feet. 

Do You Need a Property Management Company

Here's a secret... you don’t need a property management company.

They can be expensive, often charging around 10% of your rental income. That’s a significant cost, particularly if your profit margins are slim.

If managing multiple properties has become overwhelming, there are more cost-effective solutions. Property management software like DoorLoop is designed to save you both time and money in every aspect of property management.

DoorLoop

Let’s look at a few common time sinks and how DoorLoop allows you to simplify or streamline them.

Rent Collection Takes Too Long, Or Late payments Are a Problem 

With DoorLoop, tenants have access to a portal where they can pay rent and handle other responsibilities each month. They can even set up automatic recurring payments. You can also automate late payment reminders, ensuring timely collections without the hassle.

Maintenance Calls Are Inconvenient and Keeping Up with Repairs Is Time-Consuming

DoorLoop offers a comprehensive maintenance management system that lets you set up workflows with automatic reminders for regular maintenance tasks. Tenants can submit maintenance requests directly through the app, which funnels into a single, convenient platform.

From there, you can assign vendors and track the progress of each job.

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Finances Getting Complicated

DoorLoop offers a full suite of accounting tools that allows you to track, manage, receive, and pay everything from a single, convenient dashboard:

• Access a complete chart of accounts and robust reporting tools
• Print checks for vendors and owners
• Receive rent payments automatically each month
• Reconcile bank accounts
• Integrate with QuickBooks Online in just minutes

Tenant Communications Are Dispersed and Hard to Track

If that's a problem for you, then why not bring it all together with DoorLoop’s convenient communications tools and full CRM platform?This allows you to keep track of all communications from one central location.

Additionally, DoorLoop offers: 

• Owner portal
• Automatic listings
• Leasing tools
• Tenant screening

Schedule a free demo today to get the full picture of how DoorLoop can make property management easier while also giving you more control over your whole portfolio.