The Top 50 Property Developers by State

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Katie Kistler
Updated 13 min read
Discover ButterflyMX's list of the top 50 property developers in each state.
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Key takeaways

  • Scale defines impact. Together, the top 50 property developers have shaped more than 1,000 properties across the nation, transforming land into thriving communities.
  • Behind every groundbreaking project are people. These firms employ an estimated 16,000 professionals, powering the design, construction, and management of tomorrow’s housing.
  • The numbers show a market in motion. Collectively, the top 50 developers have built or manage roughly 236,000 units, underscoring their role in meeting America’s growing housing demand.
  • And the scale translates to influence. Publicly reporting companies in this group generated an estimated $11.3 billion in 2024 revenue, reflecting a sector that continues to drive economic growth and urban transformation.

 

Discover ButterflyMX's list of the top 50 property developers in each state.

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Editor’s note: This list was compiled using publicly available data from leading industry sources — including NMHC, CoStar, Yardi Matrix, RealPage, NAA, company reports, and state business records — to highlight top property developers across the U.S.

 

What does it take to build the future? To turn blueprints into skylines and ideas into thriving communities? In the last year, these 50 real estate developers are shaping how and where we live, one project at a time.

This isn’t just a list of builders. It’s a look at the visionaries behind America’s most ambitious developments, at the firms driving innovation in design, sustainability, and community building. From revitalized downtowns to master-planned neighborhoods, they’re redefining what it means to create place and purpose.

We’ve identified the top developer in every state, highlighting the companies combining creativity with impact. Together, they represent the foundation, and the future, of real estate development in America.

Navigate the list:

 

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Alabama – Georgia

 

Alabama

Capstone Communities

Website: https://www.capstone-communities.com

Based in Birmingham, Capstone Communities focuses on creating student housing and multifamily communities throughout the Southeast. The firm is known for its innovative build-to-rent neighborhoods and purpose-built student living projects that emphasize modern design and community engagement. Capstone continues to expand its footprint with a commitment to quality construction and thoughtful planning.

 

Alaska

Cook Inlet Housing Authority (CIHA)

Website: https://www.cookinlethousing.org

Cook Inlet Housing Authority develops affordable, sustainable housing to serve Alaska’s diverse communities. Headquartered in Anchorage, CIHA focuses on revitalizing neighborhoods and providing equitable housing opportunities for Alaskans. The organization is recognized for blending traditional values with modern design to strengthen local communities.

 

Arizona

Mark-Taylor Development

Website: https://www.mark-taylor.com/development

Mark-Taylor Development is one of Arizona’s most respected multifamily developers, known for luxury apartment communities and best-in-class amenities. With decades of experience, the company sets a high standard for design and livability across the Phoenix and Tucson markets. Mark-Taylor’s developments reflect a commitment to lifestyle-driven design and long-term value.

 

Arkansas

Specialized Real Estate Group (SREG)

Website: https://www.specializedreg.com

Headquartered in Fayetteville, Specialized Real Estate Group develops multifamily and mixed-use projects that prioritize sustainability and community wellness. Their developments often feature green building certifications and walkable designs that enrich urban life. SREG has earned recognition for integrating architecture, nature, and neighborhood connection.

 

California

Related California

Website: https://www.relatedcalifornia.com

Related California is a leading developer of luxury, affordable, and mixed-income housing across the state. Known for iconic projects that redefine urban living, Related California combines design excellence with social impact. The firm’s portfolio spans high-rise communities, affordable housing, and transformative mixed-use developments.

 

Colorado

McWhinney

Website: https://www.mcwhinney.com

McWhinney is a Denver-based real estate investment and development firm creating innovative, sustainable communities across the West. Its portfolio includes residential, hospitality, and mixed-use developments that emphasize experience and design. McWhinney’s projects, like Centerra in Loveland, have become models for community-driven development.

 

Connecticut

RMS Companies

Website: https://www.rms-companies.com

RMS Companies develops high-end multifamily and hospitality projects throughout Connecticut and beyond. The company is known for transforming underutilized sites into vibrant living spaces that blend luxury with practicality. RMS’s developments are characterized by modern architecture, upscale amenities, and strong community integration.

 

Delaware

The Buccini/Pollin Group (BPG)

Website: https://www.bpgroup.net

The Buccini/Pollin Group has transformed Wilmington and the Mid-Atlantic region through visionary urban redevelopment. Specializing in mixed-use, residential, and hospitality projects, BPG has helped redefine downtown living. The firm’s work is marked by a commitment to revitalization and long-term community growth.

 

Florida

FCI Residential

Website: https://www.fciresidential.com/

FCI Residential is a South Florida–based developer known for creating high-quality, thoughtfully designed multifamily communities across the region. Backed by the strength of Florida Crystals Corporation, the firm focuses on delivering modern, amenity-rich living environments that support long-term resident satisfaction. With a growing portfolio throughout Miami-Dade, Broward, and Palm Beach counties, FCI Residential continues to shape Florida’s rental landscape through strategic site selection, durable construction, and a commitment to elevating everyday living.

 

Georgia

Wood Partners

Website: https://www.woodpartners.com

Atlanta-based Wood Partners is a national multifamily developer recognized for its signature Alta communities. With a presence in major markets across the U.S., the firm focuses on high-quality apartment living with an emphasis on design, comfort, and sustainability. Wood Partners consistently ranks among the nation’s top multifamily developers.

 

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Hawaii – Maryland

 

Hawaii

The Howard Hughes Corporation (Ward Village)

Website: https://www.wardvillage.com

The Howard Hughes Corporation’s Ward Village is a landmark master-planned community in Honolulu. Blending modern architecture with island heritage, it’s transforming the Kaka‘ako neighborhood into a world-class destination. The development is celebrated for sustainability, design, and community integration.

 

Idaho

Roundhouse

Website: https://www.rndhouse.com

Roundhouse develops and manages multifamily properties across Idaho and the Pacific Northwest. The firm’s projects prioritize craftsmanship, community, and sustainability. Known for both new construction and adaptive reuse, Roundhouse creates thoughtful spaces that enhance local living.

 

Illinois

Related Midwest

Website: https://www.relatedmidwest.com

As part of the Related family of companies, Related Midwest is behind some of Chicago’s most iconic developments. From luxury towers to affordable housing initiatives, the firm brings a high standard of design and execution. Its projects combine architectural excellence with neighborhood revitalization.

 

Indiana

Milhaus

Website: https://www.milhaus.com

Milhaus is an Indianapolis-based developer focused on delivering attainable, high-quality urban housing. The company’s projects balance modern design with long-term sustainability and community connection. With developments across the Midwest and beyond, Milhaus is redefining multifamily living for the next generation.

 

Iowa

Hubbell Realty Company

Website: https://www.hubbellrealty.com

Hubbell Realty Company has been shaping Iowa communities for more than a century. Based in Des Moines, the company develops multifamily, commercial, and residential properties rooted in quality and community engagement. Its legacy reflects a deep commitment to growth and innovation in the Midwest.

 

Kansas

EPC Real Estate Group

Website: https://www.epcrealestate.com

EPC Real Estate Group focuses on high-quality multifamily and mixed-use developments across the Midwest. With a collaborative approach, EPC designs communities that blend functionality with aesthetics. The firm is known for its forward-thinking projects in Kansas City and beyond.

 

Kentucky

LDG Development

Website: https://www.ldgdevelopment.com

LDG Development is one of the nation’s leading affordable housing developers, with projects spanning multiple states. Based in Louisville, LDG builds communities that promote accessibility, quality, and dignity in housing. Their mission-driven approach has delivered thousands of affordable homes nationwide.

 

Louisiana

The Domain Companies

Website: https://www.thedomaincos.com

The Domain Companies is a New Orleans-based developer known for transformative urban projects. Its mixed-use and residential developments focus on sustainability, design, and community enrichment. Domain’s portfolio spans Louisiana, New York, and Utah, with an emphasis on creating lasting value.

 

Maine

The Szanton Company

Website: https://www.szantoncompany.com

The Szanton Company develops mixed-income apartment buildings that enhance downtown areas across Maine. Their projects combine historic preservation with modern construction, contributing to urban revitalization. The company is known for fostering community growth through equitable housing.

 

Maryland

Bozzuto Development Company

Website: https://www.bozzuto.com/development

Bozzuto Development Company creates mixed-use and multifamily communities that set new standards in design and experience. Headquartered in Greenbelt, Bozzuto’s developments emphasize sustainability, inclusivity, and lifestyle. The firm’s work consistently elevates residential living across the Mid-Atlantic and beyond.

 

Massachusetts – New Jersey

 

Massachusetts

Trinity Financial

Website: https://www.trinityfinancial.com

Trinity Financial is a Boston-based real estate firm specializing in mixed-use, mixed-income developments. The company is acclaimed for its public-private partnerships that revitalize neighborhoods while preserving affordability. Trinity’s projects blend innovation with social responsibility.

 

Michigan

Bedrock

Website: https://www.bedrockdetroit.com

Bedrock is Detroit’s leading real estate developer, driving the city’s ongoing revitalization. The company’s portfolio includes office, retail, and residential properties that bring new life to downtown Detroit. Bedrock’s vision combines urban innovation with community reinvestment.

 

Minnesota

Ryan Companies

Website: https://www.ryancompanies.com

Ryan Companies is a national real estate firm based in Minneapolis, with expertise across multiple sectors. The company designs, develops, and builds communities that balance functionality, beauty, and sustainability. Ryan’s integrated approach delivers award-winning projects nationwide.

 

Mississippi

StateStreet Group

Website: https://www.statestreetgroup.com

StateStreet Group focuses on developing high-quality multifamily and mixed-use properties across the Southeast. Based in Jackson, the firm has a strong reputation for innovative design and resident-focused amenities. StateStreet is dedicated to enhancing the communities it serves through thoughtful development.

 

Missouri

McCormack Baron Salazar (MBS)

Website: https://www.mccormackbaron.com

McCormack Baron Salazar is a pioneer in urban revitalization, specializing in affordable and mixed-income housing. Headquartered in St. Louis, MBS has completed projects in over 40 cities nationwide. The firm’s mission centers on rebuilding neighborhoods and promoting equitable development.

 

Montana

BlueLine Development

Website: https://www.bluelinedevelopment.com

BlueLine Development delivers affordable and workforce housing projects across the Mountain West. Based in Montana, the company combines smart design with sustainability to meet community needs. BlueLine’s work helps expand housing opportunities in underserved regions.

 

Nebraska

Bluestone Development

Website: https://www.bluestonedev.com

Bluestone Development, based in Omaha, creates multifamily and mixed-use projects that enliven urban cores. The firm’s developments reflect an emphasis on walkability, creativity, and sustainability. Bluestone is known for helping reshape Nebraska’s modern urban landscape.

 

Nevada

The Calida Group (Elysian Living)

Website: https://www.thecalidagroup.com

The Calida Group is behind Elysian Living, a collection of upscale apartment communities throughout Nevada. Known for resort-style amenities and contemporary design, Calida has redefined luxury living in Las Vegas. The company continues to expand its footprint with lifestyle-driven developments.

 

New Hampshire

Brady Sullivan Properties

Website: https://www.bradysullivan.com

Brady Sullivan Properties is a leader in adaptive reuse and multifamily development across New England. The firm converts historic mill buildings into modern loft-style residences that blend charm with convenience. Brady Sullivan’s projects contribute to sustainable urban renewal.

 

New Jersey

KRE Group

Website: https://www.thekregroup.com

KRE Group develops luxury and mixed-use properties throughout the New York metro area. Headquartered in Jersey City, the firm is known for skyline-defining projects and vibrant communities. KRE’s developments emphasize livability, design, and lasting value.

 

New Mexico – South Carolina

 

New Mexico

Titan Development

Website: https://www.titan-development.com

Titan Development delivers residential, industrial, and mixed-use projects across the Southwest. Based in Albuquerque, the company blends smart growth principles with local insight. Titan is recognized for its consistent innovation and regional impact.

 

New York

L+M Development Partners

Website: https://www.lmdevpartners.com

L+M Development Partners is one of New York City’s most influential developers, specializing in affordable and mixed-income housing. The firm’s projects transform neighborhoods while preserving their character. With a strong focus on equity and design, L+M continues to shape urban living across the region.

 

North Carolina

Crescent Communities

Website: https://www.crescentcommunities.com

Crescent Communities develops residential, commercial, and mixed-use projects across the U.S. Southeast. Based in Charlotte, the company’s projects emphasize sustainability, wellness, and modern design. Crescent’s communities are known for thoughtful placemaking and long-term value creation.

 

North Dakota

Roers

Website: https://www.roers.com

Roers is a Fargo-based development and construction firm with projects across the Upper Midwest. The company delivers multifamily, commercial, and student housing that supports community growth. Roers’ integrated approach ensures quality, innovation, and local impact.

 

Ohio

The NRP Group

Website: https://www.nrpgroup.com

The NRP Group is a nationally recognized developer of affordable and market-rate housing. Based in Cleveland, the company has delivered thousands of units nationwide. NRP’s vertically integrated model ensures excellence from concept to completion.

 

Oklahoma

American Residential Group (ARG)

Website: https://www.argtulsa.com

American Residential Group, based in Tulsa, develops multifamily communities across Oklahoma and the southern U.S. The firm is known for its resident-first approach and commitment to design and quality. ARG continues to shape the region’s housing landscape with purpose-built communities.

 

Oregon

Guardian Real Estate Services

Website: https://www.gres.com

Guardian Real Estate Services develops, manages, and invests in multifamily and affordable housing across the Pacific Northwest. With a focus on sustainability and community building, Guardian creates spaces that improve quality of life. The company’s work reflects decades of dedication to responsible development.

 

Pennsylvania

Post Brothers

Website: https://www.postrents.com

Post Brothers develops high-end multifamily properties that redefine luxury living in Philadelphia and beyond. Known for their bold design and historic restorations, the company merges innovation with craftsmanship. Post Brothers’ developments elevate city living through creativity and quality.

 

Rhode Island

Cornish Associates

Website: https://www.cornishassociates.com

Cornish Associates leads the revitalization of Providence’s downtown through thoughtful mixed-use developments. The firm is known for creating pedestrian-friendly urban neighborhoods that foster community. Their projects showcase a deep respect for history and placemaking.

 

South Carolina

The Beach Company

Website: https://www.thebeachcompany.com

The Beach Company has been shaping the Charleston region and the Southeast for more than 75 years. The firm’s portfolio includes multifamily, commercial, and mixed-use developments that emphasize quality and longevity. The Beach Company’s projects combine Southern charm with contemporary design.

 

South Dakota – Wyoming

 

South Dakota

Lloyd Companies

Website: https://www.lloydcompanies.com

Lloyd Companies develops, builds, and manages residential and commercial properties throughout the Midwest. Based in Sioux Falls, Lloyd’s projects focus on creating thriving communities through thoughtful design and local engagement. The company’s integrated approach supports sustainable regional growth.

 

Tennessee

Southern Land Company

Website: https://www.southernland.com

Southern Land Company is a Nashville-based developer known for master-planned, mixed-use communities. The firm combines timeless architecture with walkable design and community amenities. Southern Land’s projects reflect craftsmanship, quality, and an enduring sense of place.

 

Texas

Trammell Crow Residential

Website: https://www.crowholdings.com/trammell-crow-residential

Trammell Crow Residential is one of the most established multifamily developers in the nation. With a portfolio spanning decades, TCR delivers high-quality rental communities across major U.S. markets. The firm is recognized for its innovation, consistency, and leadership in apartment development.

 

Utah

PEG Companies

Website: https://www.pegcompanies.com

PEG Companies develops and manages multifamily, hospitality, and mixed-use projects across the Mountain West. Based in Provo, the firm focuses on community-enhancing developments with strong returns. PEG is known for its creative approach to real estate investment and design.

 

Vermont

O’Brien Brothers

Website: https://www.obrienbrothersvt.com

O’Brien Brothers is one of Vermont’s most respected developers, with a legacy spanning more than a century. The company focuses on residential and mixed-use projects that balance growth with environmental stewardship. O’Brien Brothers’ developments embody Vermont’s sense of community and natural beauty.

 

Virginia

JBG SMITH

Website: https://www.jbgsmith.com

JBG SMITH is a Washington, D.C.–area developer behind transformative mixed-use projects like National Landing. The firm’s portfolio emphasizes placemaking, sustainability, and smart urban design. JBG SMITH continues to redefine the modern urban experience across the Capital Region.

 

Washington

Vulcan Real Estate

Website: https://www.vulcanrealestate.com

Vulcan Real Estate, founded by Paul Allen, is a major force in Seattle’s urban transformation. The company’s developments span residential, commercial, and cultural projects that enhance livability and innovation. Vulcan is known for leading with sustainability and community impact.

 

West Virginia

Pope Properties

Website: https://popeproperties.com/

Pope Properties develops and manages multifamily communities across West Virginia. The company focuses on quality construction, resident satisfaction, and local growth. With decades of experience, Pope continues to strengthen neighborhoods through well-designed housing.

 

Wisconsin

Mandel Group

Website: https://www.mandelgroup.com

Mandel Group is a Milwaukee-based developer specializing in multifamily and mixed-use properties. Known for architectural quality and community engagement, Mandel’s projects enhance urban living throughout the Midwest. The firm emphasizes thoughtful design and long-term value.

 

Wyoming

Orion Real Estate Investment & Development

Website: https://www.orion-companies.com/

Orion Real Estate Investment & Development delivers commercial and residential projects across the Mountain West. Based in Jackson, the firm focuses on sustainable, high-quality construction that complements local landscapes. Orion’s developments reflect integrity, innovation, and regional pride.

 

Disclaimer: The information in this article is based on publicly available sources and our own selection methodology. It is intended for general informational purposes only and does not represent an endorsement of any specific company. Company details, rankings, and portfolios may change over time, and readers should verify current information directly with each firm.

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Director of Content
Katie joined the team at ButterflyMX in 2022, where she started as a Content Writer before working her way up to Director of Content. With an educational background in English and a love for SEO, Katie is passionate about writing content that educates people while being easy to digest.

Prior to joining ButterflyMX, Katie worked as a political marketing copywriter, where she wrote for political candidates and officeholders, including Federal and State Representatives, Federal and State Senators, a former Vice President, two former Speakers of the House, and several federal committees. Her work has been featured in American Camp Association, Meniscus Literary Journal, and 45th Parallel Literary Magazine.

Katie graduated from the University of Texas in 2017 and Texas State University’s Creative Writing MFA in 2020. She lives in Dallas, Texas with her dog, Ziggy, where you can catch her walking on the Katy Trail, rooting for the Longhorns during college football season, and hunting local bookstores for her next read.