Company Starts More Than 5,300 Apartment Homes in 2014 to Earn Honors
DALLAS – April 29 – Mill Creek Residential, a leading multifamily developer, investor and operator specializing in premier apartment communities across the U.S., today announced it has been listed as the second largest developer of multifamily housing in the country, according to the National Multifamily Housing Council’s 2015 Top 25 Developers List.
“It’s an honor to be named as one of the largest apartment developers alongside the most prestigious apartment companies in the country,” says Charles R. Brindell Jr., chief executive officer of Mill Creek Residential. “Demand for apartment housing has been at an all-time high over the last two years, especially in our target markets where our development pipeline continues to grow. So far in 2015, we’re on track to match our 2014 numbers in one of the most competitive development climates I’ve experienced in my career.”
Mill Creek Residential started the development of 5,397 apartment homes in 2014 to make the NMHC 50 list. Among the target markets Mill Creek Residential started development in to make the list are Atlanta, Dallas, Houston and Miami. NMHC 50 is the National Multifamily Housing Council’s authoritative ranking of the nation’s 50 largest apartment owners, 50 largest apartment managers, 25 largest apartment developers and 25 largest general contractors.
Mill Creek Residential anticipates starting the development of more than 5,400 apartment homes in total during 2015. Some of the apartment communities Mill Creek Residential expects to start developing in 2015 include Modera Midtown (Atlanta), Modera Josephine (Denver), Modera Ballard (Seattle) and Modera Uptown (Dallas).
The communities are part of Mill Creek Residential’s $3.4 billion development pipeline, representing 11,450 apartment homes that the company plans to start construction on in the future. Since the company’s inception in 2011, Mill Creek Residential has started construction of more than 17,000 apartment homes across more than 50 apartment communities in popular markets across the country.
Mill Creek was also listed as the second largest developer on Multifamily Executive Magazine’s Top 25 Developers list in 2014.