Affordable 100 – Page 2
2023 NAHMA Affordable 100
How many housing units receive at least one form of federal subsidy in the United States today? The annual NAHMA Affordable 100 list provides this important data!
The NAHMA Affordable 100 comprises the largest affordable multifamily property management companies, ranked by affordable unit counts. The NAHMA Affordable 100 list contributes vital data to the ongoing national dialogue on the future of federal funding for affordable housing. In an effort to accurately determine the portfolio of affordable units receiving federal subsidy in the United States, NAHMA publishes this annual listing of affordable units containing at least one of the following federal subsidies: HUD Project-based Assistance (Project-based Section 8, Section 202 and Section 811), Section 42 LIHTC, HOME and CDBG funds, USDA Section 515, or Bonds.
Companies in bold provided data for NAHMA’s Affordable 100 survey. All others are based on industry estimates. ** All unit data represent only units directly managed (not owned) that were rented or available to rent on Dec. 31, 2022. Down units, abated units, units under construction or rehabbing units not available for rent are not included.
NAHMA also presents two specialty lists – the 25 largest housing credit (LIHTC) property management companies, and the 25 largest Rural Development (Section 515) property management companies (see the link below for more details).
<1-40> <41-80> <81-120> <Specialty Lists – LIHTC and RD>
| Rank | Management Company (2022 rank shown in parentheses) |
Headquarters | Total Number of Units | |
| Subsidized* | Residential** | |||
| 41. | EAH Housing (68) | San Rafael, CA | 13,171 | 13,171 |
| 42. | United Apartment Group (37) | San Antonio, TX | 13,000 | 18,000 |
| 43. | The Hallmark Companies, Inc. (36) | Atlanta, GA | 12,833 | 14,506 |
| 44. | Kittle Property Group, Inc. (34) | Indianapolis, IN | 12,772 | 16,927 |
| 45. | The NRP Group, LLC (30) | Cleveland, OH | 12,500 | 20,500 |
| 46. ^ | 
|
Rockville, MD | 12,457 | 13,669 |
| 47. ^ | Aperto Property Management (35) | Irvine, CA | 12,400 | 16,400 |
| 48. | McCormack Baron Management, Inc. (46) | St. Louis, MO | 12,300 | 16,000 |
| 49. ^ | Preservation of Affordable Housing (POAH) (45) | Boston, MA | 12,007 | 12,466 |
| 50. ^ | Winterwood, Inc. | Lexington, KY | 11,889 | 12,689 |
| 51. ^ | Peabody Properties, Inc. (57) | Braintree, MA | 11,682 | 15,291 |
| 52. | Peak Living (49) | Provo, UT | 11,600 | 31,500 |
| 53. | Enterprise Residential, LLC (63) | Baltimore, MD | 11,589 | 11,589 |
| 54. | Lincoln Property Company (51) | Dallas, TX | 11,500 | 204,000 |
| 55. ^ | Partnership Property Management (54) | Greensboro, NC | 11,465 | 11,594 |
| 56. | NDC Real Estate Management, Inc. (53) | Pittsburgh, PA | 11,345 | 11,457 |
| 57. | Pennrose (67) | Philadelphia, PA | 11,333 | 12,368 |
| 58. | Wilhoit Properties (55) | Springfield, MO | 11,100 | 12,100 |
| 59. | Evergreen Real Estate Group (101) | Chicago, IL | 11,000 | 11,350 |
| 59. ^ | Seldin, LLC (48) | Omaha, NE | 11,000 | 20,176 |
| 61. ^ | CRM Residential (61) | Pleasantville, NJ | 10,922 | 11,213 |
| 62. | Avanath Realty, Inc. | Irvine, CA | 10,800 | 10,800 |
| 63. | Hayes Gibson Property Services/Excel Property Management (42) | Bloomington, IN | 10,771 | 14,492 |
| 64. | Cascade Management, Inc. (64) | Portland, OR | 10,423 | 10,862 |
| 65. | USA Properties Fund (60) | Roseville, CA | 10,362 | 11,133 |
| 66. ^ | Solari Enterprises, Inc. (79) | Orange, CA | 10,253 | 10,253 |
| 67. | 
|
Auburn, CA | 10,085 | 10,105 |
| 68. | Eden Housing (64) | Hayward, CA | 10,000 | 10,000 |
| 68. | Picerne Management (58) | Altamonte Springs, FL | 10,000 | 21,600 |
| 70. | Mayfair Management Group, LLC (51) | Dallas, TX | 9,800 | 11,500 |
| 71. ^ | Maloney Properties, Inc. (66) | Wellesley, MA | 9,738 | 9,983 |
| 72. | Pedcor Management Corporation (68) | Carmel, IN | 9,500 | 17,300 |
| 73. ^ | Preservation Management, Inc. (62) | South Portland, ME | 9,244 | 9,244 |
| 74. ^ | The Community Builders, Inc. (76) | Boston, MA | 9,134 | 10,067 |
| 75. | MACO Management Company, Inc. (82) | Clarkton, MO | 9,100 | 9,600 |
| 76. | 
|
San Marcos, CA | 9,075 | 9,088 |
| 77. | Barker Management, Inc. (73) | Anaheim, CA | 9,000 | 10,000 |
| 77. | Continental Management (70) | Bingham Farms, MN | 9,000 | 9,700 |
| 79. ^ | National Community Renaissance (71) | Rancho Cucamonga, CA | 8,847 | 9,444 |
| 80. | RLJ Management Co., Inc. (80) | Columbus, OH | 8,765 | 8,810 |
<1-40> <41-80> <81-120> <Specialty Lists – LIHTC and RD>
^ A NAHMA Communities of Quality National Recognition Program Participant
* and ** All unit data represent only units directly managed (not owned) that were rented or available to rent on Dec. 31, 2022. Down units, abated units, units under construction or rehabbing units not available for rent are not included.
* Total affordable units managed. Federal programs only, including HUD, LIHTC, USDA, HOME and Bond programs. Data do not include state or local subsidy, public housing, tenant-based vouchers (Section 8 or RD tenant-protection vouchers), or federal mortgage insurance or loan guarantee programs. If a unit has more than one subsidy, it is counted only once.
** Total residential units managed (including market or affordable).
NAHMA would like to extend its sincere thanks to the NAHMA Affordable 100 Task Force, without whose hard work and support this survey would not have been possible. In particular, sincere appreciation goes to task force chair Nathan Burnett, Watchtower Security and vice chair Jeffrey Promnitz, Zeffert & Associates, Inc.; Guthrie Alberts, Paysafe Merchant Services, Inc.; Joe Anderson, The Buckner Company; Phil Bogucki, Watchtower Security, Inc.; Andrew Boyle, New Hampshire Housing Finance Authority; Mike Coco, Choice Property Resources, Inc.; Amber Day, TrashPro; Leo Delgado, Converged Services, Inc.; Rue Fox, ResMan; Janel Ganim, ResMan; Eddie Garrett, McGriff Insurance Services; Tracey Gray, Watchtower Security, Inc.; Jenny Hidalgo, Omnia Partners; Babbie Jaco, CAHEC Management; Jennifer Kelly, MRI Software; Mark Livanec, Yardi Systems, Inc.; Amy Losek, Converged Services, Inc.; Carlita Mendez, CMS Results; Scott Nelson, RealPage, Inc.; Dion O’Brien, Watchtower Security, Inc.; Andrew Pieplow, Watchtower Security, Inc.; Scott Ployer, National Property Management Strategies Group, LLC; Greg Proctor, Lumina Partners; Scott Scharlach, Columbus Metropolitan Housing Authority; Christopher Voss, Yardi Systems, Inc.; Colleen Winship, Appfolio; and John Yang, Rental Housing Deals.com, Inc.
If you believe your company should be included in next year’s survey, please contact Jennifer Jones, jjones@nahma.org.
