2018 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
(2017 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
1.^ WinnCompanies (1) Boston, MA 50,120 100,020
2. Folsom, CA 43,172 109,843
3.^ The Michaels Organization (5) Marlton, NJ 35,118 54,818
4. Pinnacle Property Management Services (2) Addison, TX 31,682 146,897
5.^ LEDIC Realty Company (4) Memphis, TN 30,615 35,549
6. McCormack Baron Management, Inc. (7) Saint Louis, MO 27,665 32,620
7. The John Stewart Company (6) San Francisco, CA 27,517 30,479
8.^ Related Management (16) New York, NY 26,634 30,328
9.^ Edgewood Management Corporation (8) Gaithersburg, MD 25,927 31,655
10. Millennia Housing Management, Ltd. (15) Cleveland, OH 23,827 27,099
11. Plymouth, MN 22,743 27,000
12.^ Mercy Housing (11) Denver, CO 22,338 22,976
13.^ National Church Residences (12) Columbus, OH 22,259 23,059
14. KMG Prestige (13) Mt. Pleasant, MI 20,123 24,950
15. Austin, TX 20,015 37,407
16. Dallas, TX 19,540 22,646
17.^ Alexandria, VA 19,307 19,307
18. ConAm Management Corporation (17) San Diego, CA 19,287 52,129
19. Royal American Management (18) Panama City, FL 17,832 19,184
20.^ Suffern, NY 17,569 35,905
21. U.S. Residential Group, LLC (21) Dallas, TX 15,452 40,000
22. Richman Property Services, Inc. (20) Tampa, FL 14,615 18,391
23. Grenadier Realty Group Corporation (22) Brooklyn, NY 14,581 17,523
24. Retirement Housing Foundation (26) Long Beach, CA 13,946 17,855
25. Rochester, NY 13,539 15,053
26. The Cornerstone Group (25) Hollywood, FL 13,500 13,693
27. Allied Orion Group, LLC (99) Houston, TX 13,493 22,493
28. Pedcor Management Corporation (27) Carmel, IN 13,275 16,745
29. The NRP Group, LLC (28) Cleveland, OH 13,244 16,000
30. Beacon Communities (47) Boston, MA 13,064 16,788
31.^ Reliant Realty Services, LLC (30) New York, NY 13,002 13,002
32. Tacoma, WA 12,897 13,366
33. Columbia, SC 12,633 13,057
34. Capital Realty Group, Inc. (59) Spring Valley, NY 12,403 12,403
35. Wilhoit Properties Springfield, MO 12,146 12,930
36. Good Harbor Management, LLC Denver, CO 12,117 12,117
37.^ Indianapolis, IN 12,056 19,259
38. Maco Management Co., Inc. (32) Clarkton, MO 12,051 12,143
39. Independent Management Services Fenton, MI 11,758 11,758
40. Herman & Kittle Properties, Inc. (44) Indianapolis, IN 11,705 13,885

<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, 2017. 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.; Janel Ganim, Entrata; David Layfield, ApartmentSmart.com; Gustavo Sapiurka, RealPage Inc.; Bill Sullivan, IPM Software; John Yang, RentalHousingDeals.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.