May 2023 | Page 19

400K - 500K UNITS
DENVER RISING
Who Developed All these Apartments ?
With the pipeline of new apartments at a record high of nearly 120,000 units in over 500 different projects , we have often been asked , who are the most active developers ? We totaled the current number of apartments and number of projects by developer and summarized them in a ( top 25 ) table below . Carmel Partners easily takes the top spot with 3,068 units , under construction and in planning . With 12 projects , The Garrett Companies has more total projects than Carmel ’ s 9 , but fewer total apartments at 2,612 . Trammell Crow Residential comes in third in both rankings .
Largest Developers
Current Pipeline ( Denver Metro Area )
Developer Name
Units
Projects
1
Carmel Partners
3,068
9
2
The Garrett Companies
2,612
12
3
Trammell Crow Residential
2,487
7
4
Hanover Company
2,032
6
5
Embrey Partners , Ltd .
2,012
6
6
CMK Companies
2,005
3
7
KAIROI Residential
1,663
5
8
Alliance Residential
1,611
5
9
AMLI Residential Property Trust
1,611
4
10
The Pauls Corporation
1,547
4
11
Quarterra
1,530
5
12
Mill Creek Residential Trust
1,527
7
13
Holland Residential
1,523
5
14
Thompson Thrift Residential
1,489
5
15
Evergreen Development
1,478
5
16
MGL / Solvera Advisors
1,474
7
17
Grand Peaks
1,450
3
18
Fairfield Residential
1,427
4
19
Greystar Real Estate Partners
1,364
5
20
MAA
1,316
5
21
Crescent Communities
1,280
4
22
Forum Real Estate Group
1,188
4
23
Confluence Companies
1,154
5
24
AvalonBay Communities
1,152
4
25
BMC Investments
1,043
4
UDR opened Cirrus ( Denver ) in 2021 ( Erin Shumaker )
ESTIMATED

200K - 300K UNITS 27 YEARS ( 1986 - 2013 )

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400K - 500K UNITS
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