Affordable 100 – Page 3
2022 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, 2021. 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 program property management companies (see the link below for more details).
<1-40> <41-80> <81-120><Specialty Lists – LIHTC and RD>
| Rank | Management Company (2021 rank shown in parentheses) |
Headquarters | Total Number of Units | |
| Subsidized* | Residential** | |||
| 81. | J & A, Inc. (82) | Corinth, MS | 8,390 | 8,390 |
| 82. | MACO Management Company, Inc. (63) | Malden, MO | 8,300 | 8,300 |
| 82. | Rose Community Management, LLC (59) | Independence, OH | 8,300 | 10,200 |
| 84.^ | Habitat America, LLC (87) | Annapolis, MD | 8,276 | 9,641 |
| 85. | TRG Management Company, LLP (85) | Weston, FL | 8,259 | 20,000 |
| 86. | Grenadier Realty Group Corporation (27) | Brooklyn, NY | 8,200 | 9,300 |
| 87. | American Apartment Management Co., Inc. (86) | Knoxville, TN | 8,060 | 8,312 |
| 88. | Cushman & Wakefield (90) | Addison, TX | 7,951 | 171,713 |
| 89.^ | Burlington Capital Properties, LLC (113) | Omaha, NE | 7,700 | 10,500 |
| 90.^ | PK Companies, LLC* | Okemos, MI | 7,670 | 9,236 |
| 91.^ | Monroe Group, Ltd. (94)* | Denver, CO | 7,664 | 7,664 |
| 92. | Yarco Companies (76) | Kansas City, MO | 7,500 | 11,000 |
| 93. | BSR Real Estate Investment Trust (91) | Little Rock, AR | 7,400 | 9,600 |
| 94.^ | LHP Capital (92) | Knoxville, TN | 7,359 | 7,359 |
| 95. | Greystar (95) | Charleston, SC | 7,191 | 451,180 |
| 96.^ |  |
Boston, MA | 7,131 | 7,697 |
| 97. | Capreit Inc. (104) | Rockville, MD | 7,000 | 17,000 |
| 97. | MidPen Housing (81) | Foster City, CA | 7,000 | 7,100 |
| 97. | Silver Tree Residential, LLC (98) | Memphis, TN | 7,000 | 7,000 |
| 100.^ | Housing Management Resources, Inc. (100) | Quincy, MA | 6,860 | 7,139 |
| 101. | Evergreen Real Estate Group (93) | Chicago, IL | 6,600 | 6,600 |
| 102.^ | Arnold-Grounds Apartment Management & Affordable Housing Specialists, LLC (114) | Grapevine, TX | 6,597 | 6,597 |
| 103. | Monarch Properties, Inc. (105) | Albuquerque, NM | 6,500 | 8,500 |
| 103.^ | Residential One, LLC (74) | Columbia, MD | 6,500 | 10,000 |
| 105. | CSI Support & Development (108) | Warren, MI | 6,265 | 6,265 |
| 106.^ | Community Housing Partners Corporation (107) | Christiansburg, VA | 6,241 | 6,773 |
| 107.^ | Alco Management, Inc. (109) | Memphis, TN | 6,226 | 6,665 |
| 108. | Thomas Safran & Associates (112) | Los Angeles, CA | 6,201 | 7,805 |
| 109.^ | GK Management Co., Inc. (106) | Culver City, CA | 6,200 | 12,300 |
| 109. | RY Management Co., Inc. (101) | New York, NY | 6,200 | 10,700 |
| 111. | The Integral Group (110) | Atlanta, GA | 6,100 | 6,800 |
| 112.^ | Guardian Management, LLC | Portland, OR | 6,015 | 8,329 |
| 113. | Columbia Residential Properties, LLC (97) | Atlanta, GA | 6,000 | 7,000 |
| 114. | Hercules Living (115) | VA Beach, VA | 5,761 | 8,923 |
| 115. | Standard Enterprises, Inc. (120) | Monroe, LA | 5,721 | 5,957 |
| 116.^ | Capital Realty Group, Inc. (24) | Spring Valley, NY | 5,500 | 6,500 |
| 117. | Greystone Property Management Corporation (111) | Indianapolis, IN | 5,400 | 7,300 |
| 118.^ | Ambling (118) | Valdosta, GA | 5,345 | 10,113 |
| 119. | FOURMIDABLE (117) | Bingham Farms, MI | 5,224 | 7,152 |
| 120. | The Eagle Point Companies | South Portland, ME | 5,104 | 5,144 |
<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, 2021. 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 be possible. In particular, sincere appreciation goes to task force chair Amber Day, TrashPro and vice chair Nathan Burnett, Watchtower Security Inc.; Guthrie Alberts, Paysafe; Joseph Anderson, The Buckner Company; Andrew Boyle, New Hampshire Housing Finance Authority; Mike Coco, Choice Property Resources Inc.; Leo Delgado, Converged Services Inc.; Rue Fox, ResMan; Janel Ganim, ResMan; Eddie Garrett, McGriff Insurance; Tracey Gray, Watchtower Security; Jenny Hidalgo, Omnia Partners; Babbie Jaco, CAHEC Management; Jennifer Kelly, MRI Software; Mark Livanec, Yardi Systems; Carlita Mendez, CMS; Scott Nelson, RealPage Inc.; Andrew Pieplow, Watchtower Security; Scott Ployer, National Property Management Strategies Group LLC; Greg Proctor, Lumina Partners LLC; Jeffrey Promnitz, Zeffert & Associates Inc.; Scott Scharlach, Columbus Metropolitan Housing Authority; Christopher Voss, Yardi Systems; and John Yang, RentalHousingDeals.com Inc.
If you believe your company should be included in next year’s survey, please contact Jennifer Jones, jjones@nahma.org.
