Dallas, TX – April 8, 2015 – (RealEstateRama) — Pinnacle announced today that it ranks third among the nation’s largest apartment managers on the National Multi Housing Council’s (NMHC) 2015 Top 50 list. A prominent resource in the multifamily industry, the list provides a benchmark against which to measure trends.
President and CEO Rick Graf explained that the company’s high rank “proves that our strategy to exceed client and resident expectations is working. Our focus on building the best teams in the industry enables us to provide a valuable service and consistently keeps us at the top.”
Historically placing within the top four positions, Pinnacle advanced after the 2014 merger of Greystar and Riverstone combined their assets for the first place rank.
The listing comes on the heels of a new study from the NMHC and National Apartment Association (NAA) that revealed the industry’s tremendous economic impact. Apartments and their residents contribute $1.3 trillion annually to the economy and support 12.3 million jobs nationwide.
NMHC partners with Kingsley Associates, a leading real estate research and consulting firm, for the NMHC 50’s research and analysis. Full rankings and detailed analyses are available online at www.nmhc.org/NMHC50.