Greystar is now the largest apartment owner in the U.S., snatching the crown from perennial leader Mid-America Apartments (MAA), according to the latest rankings from the National Multifamily Housing Council.

Charleston, SC-based Greystar scored a trifecta of top categories in NMHC's annual rankings, also notching the top positions as the largest manager and with the largest development pipeline.

Greystar added nearly 10,000 new units to its portfolio in 2023, primarily in the Sun Belt, bringing its total to 108,566. In addition to the units it owns, Greystar is managing 789,272 units across the country, according to NMHC's year-end count, CoStar reported.

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