By MIKE BONTS
Editor, REAL ESTATE WIRE
JACKSONVILLE, Fla. -- LandSouth Construction, a Jacksonville, Fla. based general contractor specializing in multifamily, senior housing and mixed use development, has made the prestigious National Multifamily Housing Council’s (NMHC) 2017 ranking of the nation’s largest apartment contractors at No. 10.
The 2017 NMHC 50 is the annual authoritative ranking of the nation’s largest apartment owners, managers, developers, general contractors and syndicators. Last year LandSouth was No. 16. Firms are ranked based on the number of units started in 2016 when LandSouth began 3,064 compared to 2,252 in 2015.
“Record renter demand continues to fuel apartment industry growth. It is an honor to be named the nation’s 10th largest multifamily contractor. This ranking reflects the dedication and expertise of our team,” said LandSouth President/CEO James Pyle.
The forces that have produced the best multifamily market in recent memory remain largely in place heading into 2017 according to John Affleck, apartment research strategist for CoStar Group.
The multifamily market continues to outperform other property sectors and has the lowest vacancy rate of all the major property types at 5.2 percent (as of 2016.) In addition, as of the third quarter, average rental rates experienced a 3.9 percent increase from 2015.
LandSouth Construction is led by a deeply experienced team of construction and real estate professionals with an extensive portfolio of luxury and high-density apartments, senior living, commercial, office, mixed-use, hospitality and affordable housing. Collectively, during their careers, the leadership team has been involved in building over 30,000 units and 50 million square feet for a total of over $3 billion.
Now in its 19th year, LandSouth Construction has completed more than 12,000 multifamily units, including apartments, senior living, condominiums, and townhomes.
LandSouth Construction is currently working on apartments and mixed-use developments throughout the Southeast including Lawrenceville, Ga., Boynton Beach, Daytona Beach, Delray Beach, Sanford, Lakeland, Davenport, Casselberry, Odessa, Winter Springs and Orlando Fla., Chattanooga, Tenn., Mt. Pleasant, S.C. and senior housing in Bonita Springs and Fort Myers, Fla.
LandSouth uses its unique integrated construction approach where each service component works together to provide a seamless delivery system. These components have been designed and refined to be complementary.
Each is performance enhanced with proven procedures, tested systems and the very latest construction technology. By emphasizing results and exceptional service, LandSouth Construction has created a construction process to provide the best possible value for clients.
“Our team has worked diligently to become a premier construction partner to ensure our clients are highly successful with their developments and communities,” said LandSouth’s Senior Vice President of
Development Joe Passkiewicz. “Our ability to effectively meet the needs of owners and developers has put LandSouth in this unparalleled position.”
NMHC partners with Kingsley Associates, a leading real estate research and consulting firm for the NMHC 50’s research and analysis. All apartment owners, managers, developers, contractors and syndicators are invited to answer a survey questionnaire that asks about their prior year activities.
A study from the NMHC and National Apartment Association that revealed the industry’s tremendous economic impact. Apartments and their residents contribute $1.3 trillion annually to the economy and support 12.3 million jobs nationwide.
For more information, visit www.landsouth.com or call 904.273.6004. For more details about the NMHC 50, visit www.nmhc.org/The-NMHC-50.
ABOUT LANDSOUTH CONSTRUCTION...Building Ideas
LandSouth Construction, the Southeast's premier general contractor specializing in multifamily, senior housing and mixed use development, was recently named one of the nation’s Top 10 apartment builders by the National Multifamily Housing Council and Fastest Growing Companies in Florida and a Best Place to Work by the Jacksonville Business Journal. Since 1998 the firm has transformed ideas into first-class communities by providing superior construction management services while building long-term relationships. Headquartered in Jacksonville, Fla. LandSouth has completed more than 12,000 multifamily units including apartments, hotels, senior living, student and military housing, condominiums, townhomes and mixed use. LandSouth builds projects of the highest quality, aesthetic relevance and enduring value. For more information, call 904.273.6004 or visit www.landsouth.com.
ABOUT THE NATIONAL MULTIFAMILY HOUSING COUNCIL
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. We bring together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for 39 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail the Council at info@nmhc.org, or visit NMHC's web site at www.nmhc.org.