Real Estate is a major sector and involves buying, selling, and renting properties, along with the right to use, transfer, and rent the property. The real estate development industry is one of the significant contributors to the national economy in the United States. Some of the major real estate development companies play a huge role in contributing to the growth of the real estate market. Some of them are the most profitable businesses in the country as well.

In this article, you will learn about some of the biggest real estate development companies in the United States. However, before that, we will also make it clear what is meant by real estate development companies. Apart from that, you will also get a good idea of the current situation of the real estate market in the United States. Hence, to learn more about the real estate development scenario, read through to the end of the article.

What Are Real Estate Development Companies?

According to Investopedia, “Real estate development (aka property development) is the process of building new structures and modifying existing ones to increase the property’s value. In general, that means developing the property into commercial or residential buildings—ranging from apartment complexes and multi-family homes to restaurants, offices, and retail spaces.

In real estate development, the most important personnel is the developer, who usually sells the property to a real estate investor or a property buyer. The real estate developers are the ones who focus on planning, developing, and financing the real estate venture and assembling a team to execute the plan to build the real estate property. 

Regarding real estate developers, Investopedia adds – “Real estate developers buy land and distressed properties to create value by building new structures or modifying existing ones. Real estate developers handle the project from start to finish. They plan, design, and finance the venture—and they assemble a team to execute the plan. Once a project is completed, a developer typically sells the property to a real estate investor.

Once real estate developers complete the project, they sell the property to a real estate investor. If the project consists of individual houses, the real estate developer (or the real estate development company) would sell the property directly to the buyer.

The Best Real Estate Development Companies In 2023

One of the major forecasts of the real estate industry is rising interest rates.

According to Yahoo Finance, “In America, the real estate sector is facing some stress these days, This is due to the Federal Reserve’s aggressive interest rate hikes that aim to make borrowing costs for firms and individuals higher to kill GDP growth and fight inflation. The U.S. real estate sector is worth $20 trillion (this is the total value of the properties and not the revenues) and prices dropped by 15% in March 2023 from their peak values.

The following are some of the major real estate development companies in the United States (as of 2023):

1. Prologis, Inc. (NYSE: PLD)

Headquartered in San Francisco, California, Prologis, Inc. has more than a billion square feet of properties throughout the United States. Apart from that, it has one of the highest numbers of customers in the country. It has a market capitalization of $112.5 billion.

2. American Tower Corporation (NYSE: AMT)

Apart from having a presence as a REIT and real estate development company, American Tower Corporation is also present in the telecommunications industry. It is headquartered in Boston, Massachusetts, and consists of thousands of sites across the country. Currently, it has a market capitalization of $98.38 billion.

3. Equinix, Inc. (NASDAQ: EQIX)

Equinix, Inc. has its headquarters in Redwood City, California. When it comes to real estate, the company serves the needs of mostly tech companies. It has hundreds of properties throughout the world and allows companies to rent out space for data centers. Equinix has a market capitalization of $65.83 billion.

4. Crown Castle Inc. (NYSE: CCI)

This real estate company has its presence in the telecommunications sector, such as cell towers and fiber cables. It has its properties throughout the United States. It is headquartered in Houston, Texas. Currently, it has a market capitalization of $58.08 billion.

5. Public Storage (NYSE: PSA)

Based in Glendale, California, Public Storage is an industrial real estate company that mostly deals with thousands of storage properties across the United States. It is also present in other parts of the world, especially in Europe. It has a market capitalization of $53.91 billion.

6. Simon Property Group, Inc. (NYSE: SPG)

Simon Property Group, Inc. mainly deals with properties in the shopping and hospitality industry. It has its headquarters in Indianapolis, Indiana. Currently, this company has a market capitalization of $40.85 billion.

7. Realty Income Corporation (NYSE: O)

This company mainly leases out its properties to commercial entities. It is based in San Diego, California. Currently, it has a market capitalization of $40.52 billion.

8. Welltower Inc. (NYSE: WELL)

It mainly deals with healthcare properties and is headquartered in Toledo, Ohio. It has a market capitalization of $36.45 billion.

9. VICI Properties Inc. (NYSE: VICI)

It mainly deals with hospitality businesses and owns some of the most valuable properties in the US (such as Caesar’s Palace). Currently, it has a market capitalization of $32.88 billion.

10. SBA Communications Corporation (NASDAQ: SBAC)

This real estate company mostly deals with properties in the telecommunications sector and is headquartered in Boca Raton, Florida. It has a market capitalization of $28.78 billion.

Final Thoughts

Hope you have now learned the essential details about the best real estate development companies in the United States. Despite facing various stresses in the current economic slowdown in the US, some of these companies are changing their operating strategies and also reconsidering their markets.

If you want to learn more about each of the real estate development companies that are mentioned above, you can check their websites, where you will get more details. Do you have any more information to add regarding the top real estate development companies? Share your information with us in the comments section below.

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Soumava Goswami
A passionate writer and an avid reader, Soumava is academically inclined and loves writing on topics requiring deep research. Having 3+ years of experience, Soumava also loves writing blogs in other domains, including digital marketing, business, technology, travel, and sports.

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