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**
81. FOURMIDABLE Bingham Farms, MI 6,803 8,242
82. RY Management Co., Inc. (72) New York, NY 6,750 8,000
83. MidPen Property Management Corporation (73) Foster City, CA 6,705 6,705
84.^ Alco Management, Inc. (82) Memphis, TN 6,449 7,278
85. AWI Management Corporation Auburn, CA 6,381 6,382
86. GK Management Co. Culver City, CA 6,349 15,183
87. Steadfast Management Company (77) Irvine, CA 6,300 36,686
88. The Integral Group (79) Atlanta, GA 6,100 6,800
89.^ CSI Warren, MI 6,058 6,058
90.^ Community Housing Partners, Corporation Richmond, VA 5,914 6,020
91. Fairfield Residential San Diego, CA 5,855 48,162
92.^ Trinity Management Boston, MA 5,388 6,184
93. Allied Residential (101) Renton, WA 5,324 7,724
94. Drucker & Falk (105) Raleigh, NC 5,185 28,009
95. Standard Enterprises (92) Monroe, LA 5,147 5,419
96.^ TESCO Properties, Inc. (88) Germantown, TN 5,055 6,313
97. Cohen-Esrey Real Estate Services, LLC (91) Overland, TX 5,022 7,592
98. Lenzy Hayes Incorporated/Hayes-Gibson International (119) Bloomington, IN 5,000 7,000
99. Allied Orion Group (25) Houston, TX 4,761 21,847
100. Alpha Property Management (95) Los Angeles, CA 4,700 4,700
101. Thomas Safran & Associates Los Angeles, CA 4,659 4,659
102. Fore Property Company (94) Las Vegas, NV 4,649 8,464
103. MetroPlains Management Fargo, ND 4,638 5,106
104.^ Westminster Company (93) Greensboro, NC 4,615 4,695
105. JL Gray Albuquerque, NM 4,558 5,005
106. Columbia Residential Atlanta, GA 4,556 6,720
107.^ Key Management Company (90) Wichita, KS 4,554 5,981
108.^ Landura Management Associates (100) Winston-Salem, NC 4,500 4,500
109. Village Green (96) Farmington Hills, MI 4,500 45,000
110.^ Tryko Partners, LLC (98) Brick, NJ 4,425 7,200
111.^ The Schochet Companies Braintree, MA 4,381 4,730
112.^ Monroe Group Denver, CO 4,373 4,373
113. Oakbrook Corporation (99) Madison, WI 4,265 8,600
114.^ Prospera Property Management San Antonio, TX 4,081 4,113
115. MAC Real Estate, LLC Metairie, LA 4,030 4,030
116. Coast Real Estate Services (67) Everett, WA 3,945 11,503
117.^ Corcoran Management Company (84) Braintree, MA 3,741 9,272
118. Fairfield Homes, Inc. (103) Lancaster, OH 3,577 4,003
119. Indigo Real Estate Services, Inc. Seattle, WA 3,513 6,633
120. EBMC Rohnert Park, CA 3,363 5,282

<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.