May 2023 | Page 20

DENVER RISING
We also combined the pipelines of Northern Colorado ( Larimer and Weld Counties ) and the Colorado Springs region with the Denver metro area to determine the most active developers along the Front Range . When all three markets are totaled , a new leader emerges by the name of Thompson Thrift Residential ( fka Watermark Residential ), with 4,348 apartments in 14 properties . The Garrett Companies remains in second place , but now with 3,808 apartments in 17 properties , well ahead of Carmel Partners , whose numbers did not change from the above table because all of their properties are in the Denver metro area . The total Front Range pipeline exceeds 150,000 apartments in 682 projects .
Most Active Developers in the Last 10 Years
Moving from the current pipeline to completed projects , who has built the most apartments over the last 10 years in the Denver region ? As shown in the table below , Holland Residential is the leader with 4,401 apartments built in 16 properties since 2012 . Embrey Partners is next with 4,192 apartments in 13 properties . Two companies have built , or are completing , 19 new communities – Journey Homes and The Garrett Companies , although Journey Homes comes in third place with 4,149 apartments . The Garrett Companies has a fewer 3,957 units .
Largest Developers
Current Pipeline ( Front Range )
Largest Developers
Last 10 Years ( Denver Metro Area )
Developer Name
Units
Projects
1
Thompson Thrift Residential
4,348
14
2
The Garrett Companies
3,808
17
3
Carmel Partners
3,068
9
4
Trammell Crow Residential
2,487
7
5
Goodwin Knight
2,103
15
6
Evergreen Development
2,090
7
7
Hanover Company
2,032
6
8
Embrey Partners , Ltd .
2,012
6
9
CMK Companies
2,005
3
10
Greystar Real Estate Partners
1,962
7
11
Continental Properties
1,923
8
12
KAIROI Residential
1,663
5
13
Alliance Residential
1,611
5
14
AMLI Residential Property Trust
1,611
4
15
The Pauls Corporation
1,547
4
16
Quarterra
1,530
5
17
Mill Creek Residential Trust
1,527
7
18
Holland Residential
1,523
5
19
Journey Homes , LLC
1,500
7
20
MGL / Solvera Advisors
1,474
7
21
Grand Peaks
1,450
3
22
DHI Communities
1,433
8
23
Fairfield Residential
1,427
4
24
MAA
1,316
5
25
McWhinney Property Group , LLC
1,309
4
Developer Name
Units
Projects
1
Holland Residential
4,401
16
2
Embrey Partners , Ltd .
4,192
13
3
Journey Homes , LLC
4,149
19
4
Quarterra
4,086
13
5
Trammell Crow Residential
4,075
14
6
The Garrett Companies
3,957
19
7
Thompson Thrift Residential
3,874
14
8
Alliance Residential
3,587
13
9
Carmel Partners
3,571
10
10
McWhinney Property Group , LLC
3,406
13
11
Shea Properties
3,096
13
12
Grand Peaks
2,821
9
13
Wood Partners
2,621
10
14
Greystar Real Estate Partners
2,585
10
15
Evergreen Development
2,548
10
16
Continental Properties
2,492
10
17
AMLI Residential Property Trust
2,429
8
18
Nor ' wood Development Group
2,396
12
19
Confluence Companies
2,307
13
20
Mill Creek Residential Trust
2,299
10
21
Inland Group
2,272
11
22
Goodwin Knight
2,241
16
23
ReyLenn Properties , LLC
2,154
7
24
CREA
2,080
7
25
Forum Real Estate Group
1,923
8
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