At first glance, ABI Multifamily stands out for its sales volume: thecompany focuses in four West Coast markets—Phoenix, Tucson, SanDiego and Sacramento—and it generated more than $16 million ingross sales revenue for 2018 and 2019. But the company does morethan just transact. It is also a leader in providing research and data tothe industry. ABI produces a wide range of market data, includingABI Insights, Snap Stats, Construction Pipeline, and QuarterlyReports, which are all available for free. Since 2018, the firm hasgrown from a team of 35 to a team of 43, and this year, ABI plans torecruit an additional 15 to 25 brokers. Recruiting comes easy to thefirm due to its collaborative company culture and a healthy work-lifebalance. It isn’t surprising to hear that the company has been namedthe No. 1 multifamily brokerage firm in Arizona by Arizona BusinessMagazine, and the company is regularly asked to comment on themultifamily market for a variety of publications.
Non-profit developer Ability Housing is working to solve the affordable housing crisis in Southeast Florida. The company has 27 yearsof experience developing and operating energy-efficient, sustainable housing for low-income, formerly homeless and disabledfamilies and adults. Last year, the firm brought two new projects tothe market, the 16-unit Village on Mercy in Orlando, FL, and the80-unit Village at Hyde Park in Jacksonville, FL. In the last threeyears, Ability Housing has added 250 units of affordable housing tothe market, increasing its portfolio by 103%. The company, however, doesn’t only provide new affordable housing supply to themarket. It also lends crucial research to policymakers and consultson legislation to support affordable housing. It launched a program called The Solution That Saves to assess the value of permanent supportive housing and to illustrate how affordable housing isa solution to the problem of homelessness. Ability Housing alsoconsults other non-profits and provides developer services to continue to propel the mission of affordable housing.
CAMDEN PROPERTY TRUST
Houston-based Camden Property Trust is an established leader in themultifamily industry. As one of the largest multifamily REITs in theUS, it has a massive portfolio of 56,000 luxury apartment units acrossthe Sunbelt. Since launching in 1993, Camden has completed $8 billion in real estate transactions and has raised $5 billion in capital. Inthe last decade, the company has doubled its share and annual dividend rate and has delivered average shareholder returns of 14.1%.During the coronavirus pandemic, Camden has continued to proveitself as a leading provider of housing, launching a $10 million fundto support residents impacted by COVID- 19 and catalyzing othermultifamily REI Ts to follow suit. The company is equally as supportiveof its employees. It is one of the best workplaces for women, diversityand millennials, and it has been named one of Fortune 100 BestCompanies to Work For every year for the last 13 years.
Capital Square is laser focused on providing returns to investors.
Founded in 2012, the company targets tax-advantaged real estate
investments and acquires class-B and class-B+ institutional-quality
multifamily buildings, while driving rent increases and creating
value for investors. Since its founding, Capital Square has com-
pleted $2 billion in transactions and has raised $420.8 million in
equity for 25 multifamily offerings. In the last three years alone, the
firm raised $337 million in investor equity, and in 2019, it com-
pleted its largest transaction to date, the $373-unit 2000 West Creek
Apartments in Richmond, Va., for $113 million. This activity has
easily made Capital Square one of the leading sponsors of tax-
advantaged real estate. To date, it has built a portfolio of 6,595
units and 33 apartment communities, largely located in the
Southeast. During the coronavirus pandemic, the portfolio has
delivered between 98% and 100% rent collections each month,
illustrating the resiliency of the company’s investment strategy.
Capital Square continues to be bullish on well-located institutional-
quality product with growth potential.
DWIGHT CAPITAL LLC
Real estate finance and investment firm Dwight Capital focuses onmultifamily properties. In fact, 75% of the firm’s lending businessis multifamily properties and it is one of the top FHA/HUD lenders for multifamily in the US. In total, Dwight Capital services inexcess of $5 billion in commercial real estate loans. In the last fewyears, the firm has grown significantly, expanding the New Yorkheadquarters office and opening new offices in Washington DC,Cleveland and St. Petersburg, FL. The firm also launched DwightMortgage Trust, a mortgage REIT that provides short-term balancesheet loans. The REIT portfolio is expected to hit $1 billion in thesecond quarter of 2021. In 2020 alone, Dwight Capital is on trackto close $2.5 billion in loans. With these accomplishments, it isn’tsurprising the firm has been a top-five multifamily HUD lender forthe past five years by both transaction and dollar amount.
GEORGE SMITH PARTNERS
George Smith Partners is an established influencer in securing capital solutions for some of the multifamily market’s most enviable investors. The firm is known for developing and securing creative financing deals that meet both entrepreneurial and institutional clientneeds. This year, George Smith Partners has already secured morethan $624 million in transactions, and in 2018 and 2019, the firmclosed nearly $2.5 billion in transactions. In addition to supportingclients, George Smith Partners also produces a weekly publicationcalled FINfacts to provide information and opinions on the market.The newsletter has more than 50,000 subscribers and is regularlyused by other publications for data and opinions. George SmithPartners is continuing to grow. In the last three years, it has had littleturnover and has continued to name new principals and recruit newanalysts and brokers. The company has also focused on buildingdiversity and enhancing the success of its female team members.
Los Angeles-based Jamison Properties began investing in realestate in 2013 by converting an office building into a 127-unitapartment building. Since then, the company has built a portfolioof 2,000 apartment units with 5,000 more in its development pipeline. In total, the company owns and operates more than $3 billionin commercial and residential real estate and has acquired morethan 100 properties, making it one of the largest owners in the LosAngeles market. In the last three years, Jamison has expanded withseveral new deliveries in Koreatown, including the 72-unit Maya;the 209-unit Luna; the 226-unit 30Sixty; and the $300 millionKurve on Wilshire, which is currently under construction. Despitethe coronavirus pandemic this year, Jamison has continued to