2016 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.

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
(2015 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
1.^ Aff16_Logo_Winn Residential Boston, MA 51,346 98,817
2. FPI Management, Inc. (3) Folsom, CA 42,400 98,401
3.^ LEDIC_NoHuntTag_CMYK Memphis, TN 35,291 42,384
4. Related Management (23) New York, NY 32,270 51,700
5.^ Aff16_Logo_The Michaels Organization Marlton, NJ 30,702 52,556
6. The John Stewart Company (5) San Francisco, CA 28,200 32,243
7.^ Edgewood Management Corporation (6) Gaithersburg, MD 25,485 30,468
8. American Management Services (Pinnacle) (7) Dallas, TX 25,000 134,725
9. St. Louis, MO 24,614 29,406
10. Aff16_Logo_Capstone Austin, TX 22,817 34,790
11.^ National Church Residences (8) Columbus, OH 21,782 22,853
12. KMG Prestige, Inc. (13) Mt. Pleasant, MI 20,496 23,108
13.^ Dominium (15) Plymouth, MN 20,081 23,775
14.^ Aff16_Logo_VolunteersofAmerica Alexandria, VA 18,623 19,012
15.^ Aff16_Logo_Royal American Panama City, FL 17,495 18,951
16. U.S. Residential Group, LLC (44) Irvine, CA 15,452 40,775
17. Grenadier Realty Corp. (19) Brooklyn, NY 15,257 19,447
18. Alpha-Barnes Real Estate Services, LLC (35) Dallas, TX 14,745 16,073
19. Millennia Housing Management, Ltd. (37) Cleveland, OH 14,420 16,391
20. The Cornerstone Group (20) Hollywood, FL 13,590 13,693
21. Aff16_Logo_Conifer Rochester, NY 13,474 14,602
22. Aff16_Logo_RHP Long Beach, CA 13,425 17,339
23. Aff16_Logo_Multifamily Management Suffern, NY 13,339 27,588
24. Pedcor Management Corporation (49) Carmel, IN 13,275 16,745
25. Allied Orion Group (10) Houston, TX 12,943 21,000
26.^ Aff16_Logo_Reliant Realty New York, NY 12,237 12,237
27. Boyd Management (27) Columbia, SC 12,076 12,740
28. Lincoln Property Company (33) Dallas, TX 11,500 165,251
29.^ Gene B. Glick Company (36) Indianapolis, IN 11,329 19,972
30. USA Properties Fund, Inc. (39) Roseville, CA 11,026 11,026
31.^ SPM, LLC (38) Birmingham, AL 10,852 14,651
32. Professional Property Management, LLC (45) Rockford, IL 10,615 10,615
33.^ Ambling Management Company (31) Valdosta, GA 10,242 11,960
34. The NRP Group, LLC (43) Cleveland, OH 10,221 14,356
35.^ Partnership Property Management (47) Greensboro, NC 10,046 10,111
36.^ Aff16_Logo_TM Associates Rockville, MD 10,008 10,008
37.^ Aff16_Logo_Wallick-Communities Reynoldsburg, OH 9,920 10,713
38. CAMBRIDGELOGO Tacoma, WA 9,643 9,915
39. The Hallmark Companies, Inc. (42) Atlanta, GA 9,578 11,368
40.^ The Community Builders, Inc. (52) Boston, MA 9,555 10,453

<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. 1, 2015. 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 Survey Task Force, without whose hard work and support this survey would not be possible. In particular, sincere appreciation goes to Task Force Chair John Yang, RentalHousingDeals; Evelyn Arias, RealPage; Boone Atkins, Yardi; Mike Coco, Choice Property Resources; Mark Fell, Yardi; Rue Fox, IPM Software; Janel Ganim, Property Solutions; Jed Graef, Housing and Development Software; Scott Holcomb, RealPage; Dave Layfield, ApartmentSmart.com; Mark Livanec, Click Notices; Kris Panks, Yardi; Lori Russell, RealPage; Gustavo Sapiurka, RealPage; Shari Smith, Choice Property Resources; Jason Spencer, Yardi; and Bill Sullivan, IPM Software.

If you believe your company should be included in next year’s survey, please contact Jennifer Jones, jjones@nahma.org.