National Multifamily Housing Council Releases 2024 List of Nation’s Top 50 Owners, Managers, Top 25 Builders, Developers, and Top 10 Syndicators
RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, earned national recognition this week on the National Multifamily Housing Council’s 2024 NMHC 50. This annual ranking highlights the nation’s largest apartment owners, managers, developers, builders, and syndicators. RangeWater is #14 in the ranking of the largest apartment managers in the country, with 91,478 apartments and build-to-rent homes. In 2023, RangeWater was awarded over 200 communities or 39,337 apartments, bringing the firm’s portfolio to nearly 100,000 apartments under management today.
“We’re extremely honored to make the list as one of the top rental housing firms nationally,” said Andrew Wittgen, Executive Managing Director of Property Management for RangeWater Real Estate. “Our development and property management teams bring RangeWater’s innovative, forward-thinking, and experience-first approach to each business partnership and successfully allow us to serve thousands of residents daily.”
The Atlanta-based firm’s entrepreneurial spirit and focus on collaboration have led to the development and acquisition of nearly 35,000 rental housing units since its inception in 2006, representing more than $6.6 billion in total capitalization. With offices in Atlanta, Dallas, Denver, and Tampa, RangeWater targets high job growth markets with demand for new housing.
This year marks the 35th edition of the NMHC Top 50 lists. All apartment owners, managers, developers, builders and syndicators are invited to answer a survey questionnaire that asks about their prior year activities. Apartment owners, managers and syndicators are ranked based on their portfolio holdings (either owned or managed) as of January 1, 2024, while developers and builders are ranked based on the number of units started in 2023. For more details about the NMHC 50, visit nmhc.org/50.
For more information, please visit LiveRangeWater.com.
RangeWater and ParkProperty Capital Elevate Historic Capitol View Neighborhood
with The Vivian Along the Atlanta BeltLine Westside Trail
RangeWater Real Estate, a leading rental housing real estate company, in collaboration with equity partner, ParkProperty Capital, is proud to announce that The Vivian, a premier 325-unit apartment community located along the Atlanta BeltLine, won the 2024 Chronicle’s Best in Atlanta Real Estate award in the category ‘Best in Residential.’ The Best in Atlanta Real Estate Awards is an annual celebration of the city's top real estate deals and developments.
The Vivian is situated in the heart of the Historic Capitol View Neighborhood, and it represents the neighborhood's first new market-rate apartment offering in recent memory. This development is a testament to the continued growth and transformation of the Atlanta BeltLine's Westside Trail, which is revitalizing in-town neighborhoods, fostering mobility, and creating economic opportunities while promoting sustainability.
This development marks RangeWater's third project along this renowned trail, which is part of one of the nation's most expansive urban redevelopment initiatives, and represents ParkProperty Capital's second investment in Atlanta.
“We are thrilled to have been recognized by the Atlanta Business Chronicle with this honor,” said Brian Oates, Executive Managing Director of Development at RangeWater Real Estate. He highlighted the significance of the neighborhood's first new market-rate development, stating, "As the demand for BeltLine units continues to soar, we remain dedicated to contributing to Atlanta's most comprehensive revitalization effort to date.”
Located at 1246 Allene Ave. S.W., The Vivian offers a mix of studios, one- and two-bedroom apartments, with rents ranging from $1,406 to $1,930 per month. Fifteen percent of the units are priced at attainable rents, in accordance with the City of Atlanta's specifications for new BeltLine projects.
Brendan Whalen, Managing Director of ParkProperty Capital, added, "Our partnership with RangeWater has been instrumental in driving this project's success, and we look forward to further contributing to Atlanta's growth and transformation."
The Vivian's architectural design pays homage to the area's history, reflecting the industrial style of the former Exide Technologies battery plant site. Designed by Dwell Design Studio, with strong community support, the development seamlessly combines contemporary aesthetics with historical charm. The interior designer, Krywicki, has created an inviting atmosphere by infusing bold statement pieces, mixed materials, and unique patterns.
Residents of The Vivian enjoy three convenient BeltLine access points, along with a host of amenities that enhance their living experience, including a hotel-inspired clubhouse, a private dog park, a luxurious resort-style swimming pool, and the on-site coffee shop, Black Coffee Westside.
To align with its BeltLine location, The Vivian has established an artist-in-residence program that emphasizes an active lifestyle combined with gardening and edible landscaping to benefit the local Westside community and connect residents with sustainable resources. This program enables the creation of meaningful art that enriches the resident experience at The Vivian.
Mia McKinney, Development Manager at RangeWater Real Estate, emphasized, "The Vivian stands as a powerful addition to our portfolio, seamlessly complementing our other RangeWater developments along the BeltLine corridor. We are excited to contribute to this transformative vision in a community ripe for new development."
The Vivian is RangeWater's third ground-up project along the BeltLine, and its first along the Westside Trail. The others include Maverick, an apartment and townhome project at 72 Milton, and Skylark, located at 1099 Boulevard S.E. in Chosewood Park, both contributing to the flourishing Southside trail in Atlanta.
For more information, please visit LiveRangeWater.com.
As the Leading Rental Housing Company Continues its Strategic Expansion, RangeWater’s
Property Management Team Continues to add to its leadership with new position
RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, promotes Brett Boitano to the firm’s new position of Managing Director of Enterprise Services. In his new role, Boitano will spearhead the company's centralization efforts, and oversee initiatives to streamline property management efficiencies. He will work collaboratively with executive leadership and internal department heads, to provide innovative products and solutions that meet evolving needs of our clients, residents and team members, and enhance overall process effectiveness.
“Brett’s strategic leadership, financial acumen, and operational finesse make him a great addition to the leadership team,” says Andrew Wittgen, Executive Managing Director of Property Management for RangeWater. “His proficiency in overseeing portfolios, managing budgets, and cultivating efficient systems underscores his commitment to enhancing and centralizing our operations.”
Previously, Boitano served as Director of Property Management for RangeWater’s Build-to-Rent (BTR) division. With a robust background across the Build-to-Rent, Single Family Rental, and Global Hospitality sectors, Boitano's experience uniquely positions him to spearhead this new executive role. Before joining RangeWater, he held director and managerial positions at leading property management and hospitality companies such as Progress Residential, Sequoia Equities, and Marriott International.
“I look forward to collaborating closely with our internal departments, executive leadership, and valued clients, to unify our service offerings and identify key areas for efficiency. This collaborative approach will empower us to prioritize initiatives and unlock the full potential for a more streamlined and optimized future,” said Boitano.
Boitano’s educational background includes a bachelor’s degree in international business, a Master's in Social Psychology, and a Ph.D. in Psychology & Social Intervention from New York University. Boitano was also involved in the National Apartment Association Diversity & Inclusion Committee, Pretium Partners cross-company Pride Steering Committee, and as a founding member of Marriott International's LGBTQ Initiative, he continues to bring his commitment to inclusivity and community to the forefront. Outside of the property management realm, Boitano and his partner Ben appreciate globetrotting adventures, exploring new places in and around the Atlanta area, as well as enjoying a serene beach getaway.
With Boitano’s promotion, RangeWater continues to expand its experienced executive team and further its strategic growth focused on teamwork and collaboration to achieve greater outcomes in 2024. Recently appointed executives include Andrew Wittgen, Executive Managing Director of Property Management, who oversees the operational performance of the firm with a focus on business intelligence, strategic growth, and client relations for RangeWater’s Single Family Rental (SFR) business and all third-party management assignments; Alp Kirmizioglu who was promoted to the position of Executive Managing Director of Construction for RangeWater Construction, the firm’s in-house construction division; Franco Minton, the first-ever Chief People Officer who leads the firm’s talent acquisition and employee engagement; and Goldie Bartlett the new Senior Managing Director of Property Management for the Southeast, focusing on maximizing the value of each asset through a collaborative, process-driven, and performance-centric approach.
RangeWater’s continued investment in its property management team has contributed to the following accolades. Last year, RangeWater earned national recognition by ranking twice on the National Multifamily Housing Council’s (NMHC) 2023 Top 50. This annual list highlights the nation’s largest apartment owners, managers, developers, builders, and syndicators. RangeWater claimed the #12 spot on the largest managers in the country with 97,072 apartments and build-to-rent homes and ranked #24 among top developers with 2,774 units started in 2022.
In addition, RangeWater ranked #1 on the Atlanta Business Chronicle’s 20 Largest Apartment Management Companies. Jumping from its previous list ranking of #4 in 2022, RangeWater has significantly increased the number of communities under management in Atlanta to 26,572 to date. Furthermore, The Vivian --RangeWater’s third ground-up project along the BeltLine – is the winner of ‘Best in Residential’ for 2024 Atlanta Business Chronicle’s Best in Atlanta Real Estate awards.
Founded in 2006, privately-owned RangeWater acquires, develops, manages, and invests in multifamily communities across the Southeastern and Southwestern United States, with a balanced portfolio that exceeds $6.6 billion. For more information, please visit LiveRangeWater.com.
Located in One of the Fastest Growing Counties in the Country, Provenza at Old Peachtree Represents the Multifamily Real Estate Leader’s Expanded Presence in the Attractive Suwannee Submarket
RangeWater Real Estate and Nippon Steel Kowa Real Estate (NSKRE) advised by Metzler Real Estate have acquired an expansive upscale garden apartment community in the dynamic Suwanee submarket of Northeast Atlanta.
The joint venture purchased Provenza at Old Peachtree, which will be renamed Echo Ridge Suwanee, located at 1460 Distribution Drive in Suwanee. The acquisition is part of the rental housing industry leader RangeWater’s strategy to continue meeting housing demand by purchasing communities in desirable neighborhoods across the Sun Belt.
“This is our second acquisition in partnership with NSKRE and we are excited to continue expanding our portfolio in burgeoning Gwinnett County, one of the fastest growing and most diverse counties in the state of Georgia,” said RangeWater’s President and CEO Steven Shores. “This location is a fantastic addition to our local portfolio of communities. We look forward to enhancing the intrinsic value of the Provenza at Old Peachtree community and enriching the lives of our residents who will call Echo Ridge Suwanee home.”
Residents will enjoy proximity to top-tier public schools, upscale shopping destinations at the nearby Gas South District and Simon-owned Sugarloaf Mills mall, cultural venues such as the recently expanded and refreshed Gas South Arena and convention center, a wealth of recreational activities and golf clubs, and convenient access to both I-85 and GA-316. Regarded as one of the Southeast’s leading high-tech hubs, Gwinnett County is also a leading research and development destination for medical device makers and auto firms, as well as home to nearly 25,000 businesses and more than 400,000 employees.
“Our acquisitions team puts extensive research into each acquisition, making sure it is the right fit for RangeWater’s portfolio through careful consideration of market conditions, population growth, proximity to employment hubs, and more,” added Jay Lively, Acquisitions Director at RangeWater Real Estate. “Particularly known for its exceptional demographics, school system, and standard of living, there’s no doubt that Echo Ridge Suwanee represents a unique investment opportunity in one of Atlanta’s most prosperous and sought-after suburban locations.”
Echo Ridge Suwanee features a wide range of amenities that include poolside grilling stations, an outdoor patio with fireplace, a state-of-the-art fitness center, a stylish residents’ clubroom and catering kitchen, car care center, and a business center with a private meeting space. The property also features a serene community pond with walking trails. As a pet-friendly community, RangeWater is contemplating adding a dog park and pet spa to round out the property’s many sought-after amenities desired by today’s tenants.
Inside, the apartments, which were built in 2013, feature thoughtful, high-end finishes throughout the one-, two-, and three-bedroom residences. The expansive floorplans include separate dining and living areas; gourmet kitchens featuring granite countertops, stainless steel appliances, and oversized pantries; spacious bathrooms with soaking tubs; outdoor balconies in all homes; and storage. RangeWater will invest in improvements to the residence interiors so the property can maintain a competitive advantage amongst surrounding communities in Suwanee.
Founded in 2006, privately-owned RangeWater acquires, develops, manages, and invests in multifamily communities across the Southeastern and Southwestern United States, with a balanced portfolio that exceeds $6.6 billion.
For more information, please visit LiveRangeWater.com.
Located in One of the Fastest Growing Counties in the Country, Provenza at Old Peachtree Represents the Multifamily Real Estate Leader’s Expanded Presence
in the Attractive Suwannee Submarket
RangeWater Real Estate and Nippon Steel Kowa Real Estate (NSKRE) advised by Metzler Real Estate have acquired an expansive upscale garden apartment community in the dynamic Suwanee submarket of Northeast Atlanta.
The joint venture purchased Provenza at Old Peachtree, which will be renamed Echo Ridge Suwanee, located at 1460 Distribution Drive in Suwanee. The acquisition is part of the rental housing industry leader RangeWater’s strategy to continue meeting housing demand by purchasing communities in desirable neighborhoods across the Sun Belt.
“This is our second acquisition in partnership with NSKRE and we are excited to continue expanding our portfolio in burgeoning Gwinnett County, one of the fastest growing and most diverse counties in the state of Georgia,” said RangeWater’s President and CEO Steven Shores. “This location is a fantastic addition to our local portfolio of communities. We look forward to enhancing the intrinsic value of the Provenza at Old Peachtree community and enriching the lives of our residents who will call Echo Ridge Suwanee home.”
Residents will enjoy proximity to top-tier public schools, upscale shopping destinations at the nearby Gas South District and Simon-owned Sugarloaf Mills mall, cultural venues such as the recently expanded and refreshed Gas South Arena and convention center, a wealth of recreational activities and golf clubs, and convenient access to both I-85 and GA-316. Regarded as one of the Southeast’s leading high-tech hubs, Gwinnett County is also a leading research and development destination for medical device makers and auto firms, as well as home to nearly 25,000 businesses and more than 400,000 employees.
“Our acquisitions team puts extensive research into each acquisition, making sure it is the right fit for RangeWater’s portfolio through careful consideration of market conditions, population growth, proximity to employment hubs, and more,” added Jay Lively, Acquisitions Director at RangeWater Real Estate. “Particularly known for its exceptional demographics, school system, and standard of living, there’s no doubt that Echo Ridge Suwanee represents a unique investment opportunity in one of Atlanta’s most prosperous and sought-after suburban locations.”
Echo Ridge Suwanee features a wide range of amenities that include poolside grilling stations, an outdoor patio with fireplace, a state-of-the-art fitness center, a stylish residents’ clubroom and catering kitchen, car care center, and a business center with a private meeting space. The property also features a serene community pond with walking trails. As a pet-friendly community, RangeWater is contemplating adding a dog park and pet spa to round out the property’s many sought-after amenities desired by today’s tenants.
Inside, the apartments, which were built in 2013, feature thoughtful, high-end finishes throughout the one-, two-, and three-bedroom residences. The expansive floorplans include separate dining and living areas; gourmet kitchens featuring granite countertops, stainless steel appliances, and oversized pantries; spacious bathrooms with soaking tubs; outdoor balconies in all homes; and storage. RangeWater will invest in improvements to the residence interiors so the property can maintain a competitive advantage amongst surrounding communities in Suwanee.
Founded in 2006, privately-owned RangeWater acquires, develops, manages, and invests in multifamily communities across the Southeastern and Southwestern United States, with a balanced portfolio that exceeds $6.6 billion.
For more information, please visit LiveRangeWater.com.
New Addition Strengthens RangeWater’s Executive Leadership Team as the Rental Housing Company Continues its Strategic Expansion Across the Sun Belt and Mountain West
RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, welcomes Jim Mauck as the firm’s Chief Financial Officer. Mauck brings nearly three decades of experience to the RangeWater team.
In his role, Mauck will oversee the optimal capital structure and financing options for the firm, provide strategic direction, drive cash flow and performance, manage the accounting and finance departments, and support RangeWater’s long-term vision and mission.
"Jim is an excellent addition to our executive leadership team," says Chairman and CEO Steven Shores. "His proven track record of spearheading company-wide initiatives and providing sound financial management will elevate our team’s efforts, ensuring we remain diligent in our mission to lead the rental housing industry.”
Mauck’s attention to detail, wide-ranging industry knowledge, and collaborative leadership style have been impactful to his career spanning over 27 years. Most recently, Mauck served as Chief Financial Officer at RPM Living and its predecessor CF Real Estate Services, both full-service multifamily property management, investment, and development companies where he oversaw accounting, finance, risk management, and information technology, among other areas, during his tenure. He also served as the CFO for Key Property Services, a leader in the institutional single-family rental industry, and as CFO and COO for Miles Properties, a national owner, property manager, and developer of multifamily assets. Prior to joining Miles, Mauck served as vice president of finance for a division of Pulte Homes where he led the finance and human resources functions.
“I’m thrilled to join a company with a strong reputation, incredible leadership team, and an unwavering commitment to the professional development of their employees,” said Mauck. “RangeWater is a trailblazer in the rental housing industry, and I look forward to supporting the firm’s future endeavors.”
With Mauck as the latest addition, RangeWater continues to expand its tenured executive team as the company furthers its strategic growth into 2024. Recently appointed executives include Alp Kirmizioglu who was promoted to the position of Executive Managing Director of Construction for RangeWater Construction, the firm’s in-house construction division; Franco Minton, the first-ever Chief People Officer who leads the firm’s talent acquisition and employee engagement and Sherry Freitas who was promoted to Executive Managing Director of Property Management, spearheading the company’s strategic expansion across the Sun Belt and Mountain West Regions. Earlier this year, RangeWater hit a major milestone with 100,000 units under management.
Mauck has a Bachelor of Science in accounting and a double major in finance from Virginia Tech. He also obtained his Certified Public Accountant license in 1997. Mauck is an avid fan of the Virginia Tech Hokies and enjoys spending his free time with his wife and two children, traveling, running, and playing tennis.
For more information, please visit LiveRangeWater.com.
