The National Multifamily Housing Council (NMHC) released their 2019 NMHC 50, an annual ranking of the nation’s largest apartment owners and managers. Cortland is now the 18th largest apartment owner and the 26th largest apartment manager in the nation, rising up the ranks from the 22nd and 34th largest in each respective category last year. 2019 marks Cortland’s 5th consecutive year on the Top Owners list and its 4th year on the Top Managers list.
In 2018, Cortland added 31 communities (9,935 apartment homes) under its property management. With the addition of these communities, Cortland has broken into the Top 20 in the NMHC 50 for the first time and hopes to climb higher in the rankings in 2020. Cortland is dedicated to resident-centric hospitality and is determined to continually improve the living experiences they provide their residents.
This marks the 30th year of the NMHC Top 50 lists. NMHC partners with Kingsley Associates, a leading real estate research and consulting firm for the NMHC 50’s research and analysis. All apartment owners, managers, developers, builders and syndicators are invited to answer a survey questionnaire that asks about their prior year activities. Apartment owners, managers and syndicators are ranked based on their portfolio holdings (either owned or managed) as of January 1, 2019, while developers and builders are ranked based on the number of units started in 2018.
For more details about the NMHC 50, visit www.nmhc.org/The-NMHC-50/
The foregoing press release is for informational purposes only. Nothing contained herein is to be construed as a solicitation to offer investment advice or services, nor solicitation for the purchase or sale of any security. Information about investing in a Cortland fund is only available in the form of a private placement memorandum and other offering documents which contain information to help investors evaluate Cortland funds' investment objectives, risks, fees and expenses, among other factors, before considering an investment.
Cortland is not aware of the criteria on which the awards referenced in this presentation are based nor, the number of advisors surveyed for either award referenced. Cortland did not pay a fee to receive a workplace or size ranking. These rankings are not indicative of Cortland's future performance.
This press release may contain forward-looking statements. The opinions, forecasts, projections, or other statements, other than statements of historical fact, are forward-looking statements. You are cautions not to unduly rely on these forward-looking statements. Due to various risks and uncertainties, actual events or results or the actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained in this presentation may be relied upon as a guarantee, promise, assurance or representation as to the future. These for looking statements have not been reviewed by anyone outside of Cortland, and while Cortland believes the statements are reasonable, they do involve a number of assumptions, risks and uncertainties. Unless required by law, Cortland undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to Report the occurrence of unanticipated events. Cortland's past and current performance are not indicative of future results, and no representation is made that any Cortland investment will achieve its objectives or that any Cortland strategy will be successful. This press release is not personalized investment advice or an investment recommendation from Cortland.