WASHINGTON, DC--(Marketwire - June 22, 2010) -  The National Association of Home Builders [NAHB] today recognized Freeman Webb, the largest private owner/manager of apartments in Nashville, among the top trend-setters in the multifamily housing industry, as part of its annual Pillars of the Industry Awards program promoting excellence in apartment design, development, management, and marketing. Freeman Webb is one of four finalists for Property Management Company of the Year.

"It is a true honor for Freeman Webb to be recognized as one of the top companies in our industry across the entire US," said Dan Ford, senior vice president of Freeman Webb's property management division. "This award comes on the heels of our company celebrating its 30th year in business in 2009. We are proud to have served residents in Tennessee and throughout the southeast for so many years."

Finalists were selected for superior achievement in 27 categories, including Property Management Company of the Year. Freeman Webb was chosen on the basis of its recent growth of over 25% the last two years, the increase in occupancy rates, the successful execution of promotional campaigns and the company's in-house training resources provided to employees. Hundreds of entries -- representing apartment and condo communities from across the country -- vied for this year's awards, which are considered among the most prestigious in the housing industry.

This year's finalists are showcased virtually at www.nahb.org/pillarsawards, which shows Freeman Webb and other innovative multifamily communities to viewers all over the country.

"Creativity in design and a clear understanding of the entrants' local markets characterized this year's entries," said Charles R. Brindell, Jr., President and CEO of Trammel Crow Residential, and chair of NAHB's Multifamily Leadership Board. "The results are outstanding apartments and condos that their residents will take pride in for years to come."

About The Freeman Webb Company
Freeman Webb Inc. is the largest private owner/manager of apartments in Nashville and presently has 12,000 multifamily units under management. Freeman Webb also manages more than 1,200,000 square feet of commercial property across the southeast. Nationally, the company manages a total of more than 12,000,000 square feet of residential and commercial property. It specializes in the acquisition, management and renovation of multi-family residential and commercial property in the Southeast, Midwest and Southwest. Freeman Webb Inc. employs over 350 associates. For more information, visit www.freemanwebb.com.

About NAHB
The National Association of Home Builders is a Washington-based trade association representing more than 175,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 800 state and local home builders associations around the country. NAHB's builder members will construct about 80 percent of the new housing units projected for 2010.