2021 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, 2020. 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). 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><Specialty Lists – LIHTC and RD>

25 Largest Housing Credit (LIHTC) Property Management Companies

Rank Management Company Headquarters Housing Credit Units*
1.^ Folsom, CA 43,340
2.^ WinnCompanies Boston, MA 42,459
3. Dominium Plymouth, MN 27,065
4. Envolve Communities LLC Memphis, TN 26,709
5. Houston, TX 24,510
6. The John Stewart Company San Francisco, CA 23,959
7. Capstone Real Estate Services Inc. Austin, TX 21,192
8.^ The Michaels Organization Camden, NJ 19,559
9.^ ConAm Management Corporation San Diego, CA 17,338
10. Birmingham, AL 16,648
11. KMG Prestige Inc. Mt. Pleasant, MI 15,812
12.^ Mercy Housing Management Group Denver, CO 15,427
13. Tacoma, WA 14,647
14. Kittle Property Group Inc. Indianapolis, IN 14,598
15.^ Millennia Housing Management Ltd. Cleveland, OH 14,097
16. Richman Property Services Inc. Tampa, FL 14,000
17. Conifer Realty Rochester, NY 13,043
18. Allied Orion Group Houston, TX 12,580
19. Woda Cooper Companies Inc. Columbus, OH 12,264
20. Columbia, SC 12,065
21. Fairfield Residential San Diego, CA 11,925
22.^ Royal American Management Inc. Panama City, FL 11,916
23.^ National Church Residences Columbus, OH 11,154
24. USA Properties Fund Inc. Roseville, CA 10,263
25.^ POAH Communities Boston, MA 10,189

 

25 Largest Rural Development Program Property Management Companies

Rank Management Company Headquarters RD Program Units*
1. Columbia, SC 9,467
2.^ Partnership Property Management Greensboro, NC 7,384
3. Maco Management Co. Inc. Malden, MO 7,049
4.^ Rockville, MD 6,917
5.^ The Michaels Organization Camden, NJ 6,459
6. AWI Management Corporation Auburn, CA 4,296
7. Woda Cooper Companies Inc. Columbus, OH 3,605
8. PK Companies LLC Okemos, MI 3,163
9. Viridian Management Enterprise, OR 2,938
10. JL Gray Albuquerque, NM 2,207
11. MAC Real Estate LLC Metairie, LA 2,160
12.^ Royal American Management Inc. Panama City, FL 2,095
13. Conifer Realty Rochester, NY 1,609
14.^ Community Management Corporation Winston-Salem, NC 1,062
15.^ WinnCompanies Boston, MA 754
16. Monarch Properties Inc. Albuquerque, NM 677
17.^ Mercy Housing Management Group Denver, CO 607
18.^ InterMark Management Corporation Columbia, SC 548
19.^ Millennia Housing Management Ltd. Cleveland, OH 517
20. Beacon Communities Boston, MA 460
21. Cascade Management Inc. Portland, OR 421
22. Birmingham, AL 383
23.^ Folsom, CA 348
24. Eugene Burger Management Corporation Rohnert Park, CA 341
25.^ Westminster Company Greensboro, NC 216


<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, 2020. 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.; Mike Coco, Choice Property Resources Inc.; Leo Delgado, Converged Services Inc.; Naren Dhamodharan, Hampden Park Capital & Consulting; Rue Fox, ResMan; Janel Ganim, ResMan; Charles Holloway, Haven Connect; Ryan Kim, ProLink Solutions; Scott Nelson, RealPage Inc.; Andrew Pieplow, Watchtower Security Inc.; Scott Ployer, National Property Management Strategies Group LLC; Scott Precourt, US Housing Consultants; Greg Proctor, RealPage Inc.; Jeffrey Promnitz, Zeffert & Associates Inc.; Scott Scharlach, Specialty Consultants Inc.; Sarah Wattick, Converged Services 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.