What are the largest trade associations in multifamily real estate?
The multifamily real estate industry is vast, and several trade associations represent different facets of the sector. Here are some of the most prominent ones:
Primary Focus on Multifamily:
National Multifamily Housing Council (NMHC): This is the industry's leading trade association, representing owners, developers, managers, and suppliers.
National Apartment Association (NAA): While primarily focused on smaller property owners and managers, NAA is a significant player in the multifamily space.
Broader Real Estate Focus with Multifamily Involvement:
National Association of Real Estate Investment Trusts (NAREIT): While focused on REITs, many multifamily REITs are members.
Institute of Real Estate Management (IREM): Primarily focused on property management, IREM serves a large number of multifamily property managers.
National Association of Real Estate Investment Managers (NAREIM): Represents institutional investors, including those involved in multifamily real estate.
Other Relevant Associations:
Building Owners and Managers Association (BOMA): While primarily focused on commercial properties, it includes multifamily participation as well.
Urban Land Institute (ULI): A non-profit research and education organization, ULI often focuses on trends in multifamily development and investment.
Apartment Associations: The Local Voice
Apartment associations are typically localized organizations that focus on the specific needs of property owners and managers within a particular city, region, or state.
Unlike national associations like NMHC and NAA, which provide a broader industry perspective, apartment associations delve into the unique challenges and opportunities faced by landlords and property managers at a local level.
These organizations, both locally and nationally, play crucial roles in shaping industry standards, advocating for policies, and providing resources to their members.
