{"id":1004487445,"date":"2020-11-05T18:02:04","date_gmt":"2020-11-06T02:02:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004487445"},"modified":"2021-05-18T10:39:56","modified_gmt":"2021-05-18T18:39:56","slug":"top-20-commercial-property-owners-of-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-20-commercial-property-owners-of-2020\/","title":{"rendered":"Top 20 Commercial Property Owners of 2020"},"content":{"rendered":"

\"\"<\/a>You can also read our other Top\u00a0Commercial Property Owners<\/a>\u00a0rankings.<\/em><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/strong><\/td>\nCompany<\/strong><\/td>\nTotal Owned (MSF)<\/strong><\/td>\nTotal Portfolio Value ($MM)<\/strong><\/td>\nAverage Occupancy<\/strong><\/td>\nPortfolio Diversity<\/strong><\/td>\nPortfolio Green %<\/strong><\/td>\n<\/tr>\n
1<\/td>\nNuveen<\/td>\n570.9<\/td>\n$127,047.3<\/td>\n–<\/td>\nO, M, I, R, Ho, X<\/td>\n–<\/td>\n<\/tr>\n
2<\/td>\nLaSalle Investment Management<\/td>\n329.6<\/td>\n$51,100.0<\/td>\n92.0%<\/td>\nO, M, I, R, Ho, X<\/td>\n–<\/td>\n<\/tr>\n
3<\/td>\nClarion Partners<\/td>\n242.5<\/td>\n$45,327.0<\/td>\n91.8%<\/td>\nO, M, I, R, Ho, X<\/td>\n–<\/td>\n<\/tr>\n
4<\/td>\nTishman Speyer<\/td>\n61.9<\/td>\n$41,600.<\/td>\n–<\/td>\nO, M<\/td>\n74%<\/td>\n<\/tr>\n
5<\/td>\nW. P. Carey Inc.<\/td>\n141.9<\/td>\n$18,000.0<\/td>\n98.9%<\/td>\nO, I, R, X<\/td>\n–<\/td>\n<\/tr>\n
6<\/td>\nDuke Realty<\/td>\n156.0<\/td>\n$8,600.0<\/td>\n97.0%<\/td>\nI<\/td>\n1%<\/td>\n<\/tr>\n
7<\/td>\nHines<\/td>\n86.2<\/td>\n$-<\/td>\n80.0%<\/td>\nO, M, I, R, Ho, X<\/td>\n–<\/td>\n<\/tr>\n
8<\/td>\nKBS<\/td>\n18.7<\/td>\n$5,981.8<\/td>\n86.67%<\/td>\nO, M, I<\/td>\n47%<\/td>\n<\/tr>\n
9<\/td>\nDiversified Healthcare Trust<\/td>\n12.5<\/td>\n$8,300.0<\/td>\n92.0%<\/td>\nM, He<\/td>\n22%<\/td>\n<\/tr>\n
10<\/td>\nService Properties Trust<\/td>\n30.7<\/td>\n$12,300.0<\/td>\n59.92%<\/td>\nR, Ho<\/td>\n–<\/td>\n<\/tr>\n
11<\/td>\nLincoln Property Co.<\/td>\n23.0<\/td>\n$4,950.0<\/td>\n92.0%<\/td>\nO, M, I, R, He<\/td>\n65%<\/td>\n<\/tr>\n
12<\/td>\nOffice Properties Income Trust<\/td>\n24.9<\/td>\n$4,400.0<\/td>\n91.7%<\/td>\nO, I<\/td>\n35%<\/td>\n<\/tr>\n
13<\/td>\nThe Inland Real Estate Group of Cos.<\/td>\n30.3<\/td>\n$6,300.0<\/td>\n93.0%<\/td>\nO, M, I, R, Ho, X<\/td>\n–<\/td>\n<\/tr>\n
14<\/td>\nAshley Capital LLC<\/td>\n28.9<\/td>\n$-<\/td>\n96.0%<\/td>\nO, I<\/td>\n–<\/td>\n<\/tr>\n
15<\/td>\nIndustrial Logistics Properties Trust<\/td>\n43.8<\/td>\n$2,700.0<\/td>\n25<\/td>\n146<\/td>\n26<\/td>\n<\/tr>\n
16<\/td>\nTranswestern Investment Group<\/td>\n19.8<\/td>\n$3,556.8<\/td>\n84.09%<\/td>\nO, M, I, R<\/td>\n7%<\/td>\n<\/tr>\n
17<\/td>\nMcCraney Property Co.<\/td>\n13.3<\/td>\n$785.0<\/td>\n92.0%<\/td>\nI<\/td>\n43%<\/td>\n<\/tr>\n
18<\/td>\nHarbor Group International<\/td>\n5.0<\/td>\n$2,373.4<\/td>\n97.0%<\/td>\nO, M, I, R<\/td>\n10%<\/td>\n<\/tr>\n
19<\/td>\nHunt Cos.<\/td>\n1.8<\/td>\n$-<\/td>\n89.6%<\/td>\nO, M, I, R, Ho, He, X<\/td>\n–<\/td>\n<\/tr>\n
20<\/td>\nRelated Cos.<\/td>\n14.9<\/td>\n$-<\/td>\n98.6%<\/td>\nO, M, R, Ho<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Key: O=Office, M=Multifamily, I=Industrial, R=Retail, H=Hospitality, He=Health care, X=Other<\/em><\/p>\n

Though we make every effort to include all major commercial property owners, several notable firms (among them Blackstone, Brookfield Properties and Prologis) did not participate this year.<\/div>\n
<\/div>\n

To be included in upcoming surveys, email Jeff Hamann at jeffrey.hamann@cpe-mhn.com<\/a>.<\/em><\/p>\n

Diversified Portfolios Lead the Way<\/strong><\/h2>\n

It\u2019s been a difficult year for property owners. In addition to the need for heightened safety protocols, rent collections have been a challenge in certain property types and locations. In September, national retailer rent collections increased to 80 percent, according to data from Datex Property Solutions. While this is far better than the 49 percent of retail rents collected in April, the road to recovery will be long. Owners with a national presence and diversification among asset types will likely be in the strongest positions.<\/p>\n

Nuveen tops this year\u2019s list of leading commercial property owners, with close to 571 million square feet owned and a total portfolio valued at $127 billion. Combined, the portfolios of the Top 3 owners make up 60 percent of the 1.9 billion square feet owned by the Top 20 companies. While occupancy across assets averaged nearly 92 percent at the end of 2019, this figure has likely shifted downward due to the pandemic.<\/p>\n

The Top 3 owners\u2019 portfolios were primarily split between office, industrial and retail assets, with Nuveen\u2019s portfolio consisting of relatively equal shares of each class, while industrial properties made up nearly half of LaSalle Investment Management\u2019s and Clarion Partners\u2019 portfolios. Most of our ranked owners have real estate in several regions across the U.S., and 11 also own properties in other countries.<\/p>\n

Our ranking also shows the growing importance of environmental considerations. Among our top commercial owners, a little under half reported that a portion of their portfolios meets green building standards, with Tishman Speyer leading the pack with 74 percent of its properties holding LEED or similar certifications.<\/p>\n

Methodology<\/strong><\/h2>\n

The 2020 CPE-MHN<\/em> Top Owners ranking utilized self-reported data for all firms. The ranking results from a weighted formula based on a variety of factors (only a few of which are specified here), including total square footage owned, owned portfolio value, historic performance and a focused or diversified participation in property sectors. The ranking represents what we feel is a logical balance between firm growth and market share, as well as property diversity.<\/p>\n

Read the November 2020 issue of CPE.<\/em><\/a><\/p>\n

\u2014Madeline Winship, Senior Research Analyst, Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 2020 CPE-MHN Top Owners ranking utilized self-reported data for all firms. <\/p>\n","protected":false},"author":861,"featured_media":1004490505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,37783],"tags":[32790,33010,33722,37491,33224,36313],"class_list":["post-1004487445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-research-center-top-cre-owners","tag-clarion-partners","tag-duke-realty-corporation","tag-lasalle-investment-management","tag-nuveen","tag-tishman-speyer","tag-w-p-carey"],"acf":[],"yoast_head":"\nTop 20 Commercial Property Owners of 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/top-20-commercial-property-owners-of-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 20 Commercial Property Owners of 2020\" \/>\n<meta property=\"og:description\" content=\"The 2020 CPE-MHN Top Owners ranking utilized self-reported data for all firms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-20-commercial-property-owners-of-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-06T02:02:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-18T18:39:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Property-Owners-art-CPE_featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-20-commercial-property-owners-of-2020\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-20-commercial-property-owners-of-2020\/\",\"name\":\"Top 20 Commercial Property Owners of 2020 - 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