As one of the leading luxury multifamily developers in the U.S., we are honored to be recognized for our efforts,”
Orlando, Florida (PRWEB) April 07, 2016
ZOM was recognized today as an apartment industry leader by The National Multifamily Housing Council (NMHC). The NMHC Top 50 is the authoritative ranking of the largest apartment owners, managers, developers and contractors in the U.S. ZOM was included as one of the nation’s largest apartment developers, with over 3,000 units recently developed.
“As one of the leading luxury multifamily developers in the U.S., we are honored to be recognized for our efforts,” said Greg West, ZOM’s Chief Development Officer. “These are exciting times at ZOM, we are currently building 3,007 apartments nationwide at a total capitalization of over $788 million and an additional 2,581 apartments in our pre-development pipeline with an additional capitalization of over $746 million”.
“The apartment industry continued with strong growth across the nation during the last year,” said Mark Obrinsky, NMHC’s Senior Vice President of Research and Chief Economist. “The collective performance of this year’s NMHC 50 firms is a further testament to the record renter demand that continues attract investment to our sector and drive transactions and development activity.”
According to the Census Bureau, the number of renter households has grown by 10.8 million since from 2005 to 2015. Reflecting this expansion, firms on the NMHC 50 ownership list have combined portfolios of more than 2.8 million apartment homes, or 14.3 percent of the total U.S. apartment stock.
NMHC partnered with Kingsley Associates, a leading real estate research and consulting firm for the NMHC 50’s research and analysis. For more details about the NMHC 50, visit http://www.nmhc.org/The-NMHC-50.
ZOM is one of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or directly developed over 16,500 apartment units nationwide, with an aggregate value in excess of $3 billion. Throughout its 39 year history, ZOM has garnered more than 100 industry awards for project design and development expertise, including the prestigious National Multifamily Development Firm of the Year award. ZOM is headquartered in Orlando and has regional development offices in South Florida, Dallas, and Washington D.C. ZOM has an additional 5,600 units currently under construction or in design/predevelopment throughout the U.S. with a total capitalization of $1.5 Billion. For more information on ZOM’s multifamily portfolio, visit http://www.zomusa.com.
About the National Multifamily Housing Council
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. We bring together the prominent owners, managers and developers who help create thriving communities by providing apartment homes for 38 million Americans. NMHC provides a forum for insight, advocacy, and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail NMHC at info(at)nmhc.org, or visit NMHC's Web site at http://www.nmhc.org.
About Kingsley Associates
The most successful firms in real estate rely on Kingsley Associates for cutting-edge business intelligence solutions. Kingsley Associates is the leader in resident and tenant satisfaction surveys, client studies, strategic consulting, and organizational benchmarking. To learn more, please visit our website http://kingsleyassociates.com/ or follow us on Twitter @Kingsley_Assoc.