2017 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
(2016 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
1.^ WinnCompanies (1) Boston, MA 53,550 100,669
2. Pinnacle Property Management Services (8) Addison, TX 38,059 165,000
3. FPI Property Management (2) Folsom, CA 36,717 103,839
4.^ LEDIC Memphis, TN 32,679 37,558
5.^ TMO Marlton, NJ 32,016 49,950
6. The John Stewart Company (6) San Francisco, CA 28,488 31,410
7. McCormack Baron Management Saint Louis, MO 28,421 33,276
8.^ Edgewood Management Corporation (7) Gaithersburg, MD 26,174 31,293
9. Capstone Austin, TX 23,192 35,721
10.^ Dominium (13) Plymouth, MN 22,743 25,054
11.^ Mercy Housing, Inc. (52) Denver, CO 22,224 22,255
12.^ National Church Residences (11) Columbus, OH 21,690 22,826
13. KMG Prestige, Inc. (12) Mt. Pleasant, MI 20,496 23,108
14.^ Volunteers of America (14) Alexandria, VA 19,262 19,262
15. Millennia Housing Management, Ltd. (19) Valley View, OH 19,042 20,899
16. Related Management (4) New York, NY 18,282 48,787
17.^ ConAm Management Corporation (78) San Diego, CA 18,278 51,530
18.^ Royal American Management Panama City, FL 18,274 20,797
19. Alpha Barnes Dallas, TX 17,782 18,844
20. Richman Property Services, Inc. Tampa, FL 17,050 20,198
21. U.S. Residential Group, LLC (16) Dallas, TX 15,452 42,928
22. Grenadier Realty Group Corporation (17) Brooklyn, NY 15,257 22,000
23.^ Multifamily Management Services Suffern, NY 14,610 29,691
24. UAH Management Dallas, TX 13,931 15,495
25. The Cornerstone Group (20) Hollywood, FL 13,590 13,693
26. Retirement Housing Foundation Long Beach, CA 13,425 17,445
27. Pedcor Management Corporation (24) Carmel, IN 13,275 16,745
28. The NRP Group, LLC (34) Cleveland, OH 13,244 19,882
29. Conifer Rochester, NY 13,158 14,293
30.^ Reliant Realty Services, LLC (26) New York, NY 13,002 13,002
31. Boyd Management (27) Columbia, SC 12,553 12,977
32. MACO Management Co., Inc. (104) Clarkton, MO 12,091 12,159
33. Lincoln Property Company (28) Dallas, TX 11,500 184,167
34. Cambridge Management Tacoma, WA 11,380 11,680
35.^ Gene B. Glick Company Indianapolis, IN 11,310 19,431
36. USA Properties Fund, Inc. (30) Roseville, CA 11,026 11,026
37. The Hallmark Companies, Inc. (39) Atlanta, GA 11,000 11,368
38.^ Wallick Communities (37) Reynoldsburg, OH 10,919 11,800
39.^ SPM, LLC (31) Birmingham, AL 10,561 16,720
40.^ Partnership Property Management (35) Greensboro, NC 10,238 10,333

<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, 2016. 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 Rue Fox, ResMan Software and vice chair Julie Reynolds, Navigate Affordable Housing Partners; Evelyn Arias, RealPage Inc.; Boone Atkins, Yardi Systems; Mike Coco, Choice Property Resources Inc.; Daniel Gaddis, MultiFamily Energy Savings; Janel Ganim, Entrata; David Layfield, ApartmentSmart.com; Kris Panks, Yardi Systems; Gustavo Sapiurka, RealPage Inc.; Bill Sullivan, IPM Software; John Yang, Rental Housing Deals.com Inc.; and Sarah Upchurch, RealPage Inc.

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