2022 NAHMA Affordable 100 Specialty Lists

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. ** 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. 

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

25 Largest Housing Credit (LIHTC) Property Management Companies

Rank Management Company Headquarters Housing Credit Units*
1.^ WinnCompanies Boston, MA 45,645
2.^ FPI Management, Inc. Folsom, CA  44,384
3.^ Dominium Plymouth, MN 30,539
4. The John Stewart Company San Francisco, CA 25,122
5. Asset Living Houston, TX 23,001
6. Capstone Real Estate Services, Inc. Austin, TX 22,357
7. KMG Prestige, Inc. Mt Pleasant, MI 22,025
8.^ ConAm Management Corporation San Diego, CA 19,733
9. McCormack Baron Management, Inc. St. Louis, MO 17,566
10.^ Mercy Housing Management Group Denver, CO 17,179
11.^ Royal American Management, Inc. Panama City, FL 16,119
12.^ Millennia Housing Management, Ltd. Cleveland, OH 15,189
13. Gateway Management Company Birmingham, AL 14,820
14. The Franklin Johnston Group Virginia Beach, VA 14,692
15. Fairfield Residential San Diego, CA 14,578
16. Richman Property Services, Inc. Tampa, FL 14,000
17. Woda Cooper Companies, Inc. Columbus, OH 13,490
18. Pinnacle Property Management Addison, TX 13,377
19. Kittle Property Group, Inc. Indianapolis, IN 13,356
20. Conifer Realty Rochester, NY 13,143
21. CAHEC Management, Inc. Columbia, SC 12,586
22. Allied Orion Group Houston, TX 12,580
23.^ National Church Residences Columbus, OH 11,879
24. Cambridge Management, Inc. Tacoma, WA 11,767
25.^ MMS Group Suffern, NY 11,407

 

25 Largest Rural Development Program Property Management Companies

Rank Management Company Headquarters RD Program Units*
1. CAHEC Management, Inc. Columbia, SC 9,382
2. The Hallmark Companies Inc. Atlanta, GA 9,186
3.^ The Michaels Organization Camden, NJ 8,249
4.^ Partnership Property Management Greensboro, NC 7,270
5. MACO Management Co., Inc. Malden, MO 7,049
6.^ TM Associates Management, Inc. Rockville, MD 6,885
7. AWI Management Corporation Auburn, CA 4,336
8. Landura Management Associates Winston-Salem, NC 3,800
9. Woda Cooper Companies, Inc. Columbus, OH 3,641
10. RLJ Management Co. Inc. Columbus, OH 3,271
11. PK Companies, LLC Okemos, MI 3,163
12. Viridian Management Enterprise, OR 2,938
13.^ Royal American Management, Inc. Panama City, FL 2,406
14. JL Gray Albuquerque, NM 2,207
15. MAC Real Estate, LLC Metairie, LA 2,128
16. KMG Prestige, Inc. Mt. Pleasant, MI 1,799
17. Conifer Realty Rochester, NY 1,608
18.^ Guardian Management LLC Portland, OR 1,322
19.^ Community Housing Partners Corporation Christiansburg, VA 1,160
20.^ Community Management Corporation Winston Salem, NC 1,062
21. Gardner Management Kalamazoo, MI 1,032
22.^ WinnCompanies Boston, MA 850
23.^ Coast Property Management Everett, WA 704
24. Monarch Properties, Inc. Albuquerque, NM 677
25.^ Mercy Housing Management Group Denver, CO 607


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

^ A NAHMA Communities of Quality National Recognition Program Participant

* 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. 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.

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.