2020 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, Section 42 LIHTC, HOME funds, USDA Section 515, or Bonds.

Companies in bold provided data for NAHMA’s Affordable 100 survey. All others are based on industry estimates.

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). The specialty lists include only companies that provided data for NAHMA’s Affordable 100 survey, and does not include industry estimates.

<1-40> <41-80> <81-120> <121-140> <Specialty Lists – LIHTC and RD>

Rank Management Company
(2019 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
81.^ The Community Builders Inc. (79) Boston, MA 8,188 8,928
82. Community Management Corporation (64) Winston-Salem, NC 8,126 8,166
83.^ Intermark Management (98) Columbia, SC 8,089 10,151
84. American Apartment Management Co. Inc. (69) Knoxville, TN 8,060 8,312
85. RLJ Management Co. Inc. (84) Columbus, OH 7,974 8,225
86. Rose Community Management LLC (80) Independence, OH 7,902 9,206
87. BSR Real Estate Investment Trust (88) Little Rock, AR 7,400 9,600
88.^ LHP Capital (90) Knoxville, TN 7,359 7,359
89. Evergreen Real Estate Group (91) Chicago, IL 7,333 8,000
90. Greystar (93) Charleston, SC 7,191 451,180
91.^ HallKeen Management (94) Norwood, MA 7,162 8,830
92. Silver Tree Residential LLC (109) Memphis, TN 7,000 7,000
93. RY Management Co. Inc. (99) New York, NY 6,750 9,000
94.^ Monroe Group Ltd. (108) Denver, CO 6,659 6,659
95.^ Trinity Management LLC (101) Boston, MA 6,639 7,386
96.^ Wallick Company (46) Columbus, OH 6,576 13,208
97.^ North Quincy, MA 6,519 6,849
98. Peak Living (102) Pleasant Grove, UT 6,481 15,925
99. Capreit Inc. (103) Rockville, MD 6,434 40,000
100.^ CSI Support & Development (106) Warren, MI 6,339 6,339
101.^ GK Management Co. Inc. (111) Culver City, CA 6,300 13,000
102.^ Community Housing Partners Corporation  (105) Christiansburg, VA 6,241 6,773
103. The Integral Group (107) Atlanta, GA 6,100 6,800
104. Monarch Properties (110) Albuquerque, NM 6,044 8,500
105. Greystone Property Management Corporation (75) Indianapolis, IN 6,000 7,600
106.^ Alco Management Inc. (117) Memphis, TN 5,966 6,156
107.^ TESCO Properties Inc. Germantown, TN 5,808 6,888
108. Hercules Living (112) Virginia Beach, VA 5,761 8,923
109. Standard Enterprises Inc. (118) Monroe, LA 5,620 5,856
110. Atlanta, GA 5,513 8,179
111.^ Ambling (66) Valdosta, GA 5,345 10,113
112. Thomas Safran & Associates Los Angeles, CA 5,309 5,319
113. Medallion Management Inc. (119) Kalamazoo, MI 5,217 5,403
114. Fourmidable (113) Bingham Farms, MI 5,202 7,709
115. The Eagle Point Companies (120) South Portland, ME 5,104 5,144
116. Arnold-Grounds Apartment Management & Affordable Housing Specialists LLC (114)  Grapevine, TX 5,007 5,007
117. Weller Workforce LLC St. Petersburg, FL 4,892 5,345
118.^ Westminster Company Greensboro, NC 4,645 4,725
119. Viridian Management Enterprise, OR 4,487 4,487
120. WSH Management Irvine, CA 4,353 4,694

<1-40> <41-80> <81-120> <121-140> <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, 2019. 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 Mike Coco, Choice Property Resources Inc. and vice chair Amber Day, TrashPro; Evelyn Arias, RealPage Inc.; Boone Atkins, Yardi; John Broderick, US Housing Consultants; Eric Cole, Converged Services Inc.; Dori Garmeiser, Hessel Aluise & O’Leary PC; Mike Jhagroo, Converged Services Inc.; Jennifer Kelly, MRI Software; Greg Proctor, RealPage Inc.; Jeffrey Promnitz, Zeffert & Associates, Inc.; 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.