2019 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
(2018 rank shown in parentheses)
Headquarters Total Number of Units
Subsidized* Residential**
81. Residential One LLC (95) Columbia, MD 7,864 8,039
82. Solari Enterprises Inc. (77) Orange, CA 7,859 7,894
83. Habitat America LLC Annapolis, MD 7,852 8,756
84. RLJ Management Co. Inc. (81) Columbus, OH 7,800 7,800
85. Aperto Property Management Laguna Hills, CA 7,760 10,600
86. Pennrose (62) Philadelphia, PA 7,573 8,227
87. The Reliant Group (103) San Francisco, CA 7,444 11,615
88. BSR Trust LLC (85) Little Rock, AR 7,400 9,600
89.^ Community Realty Management (83) Pleasantville, NJ 7,390 7,486
90.^ LHP Management LLC (90) Knoxville, TN 7,359 7,359
91. Evergreen Real Estate Services LLC (86) Chicago, IL 7,334 7,334
92. MidPen Property Management Corporation (88) Foster City, CA 7,207 7,207
93. Greystar (89) Charleston, SC 7,191 418,475
94.^ HallKeen Management (105) Norwood, MA 7,162 9,682
95.^ Weatogue, CT 7,071 7,718
96. Triumph Housing Management (91) Cumming, GA 6,940 8,868
97.^ Housing Management Resources Inc. (93) Quincy, MA 6,830 8,141
98.^ InterMark Management (96) Columbia, SC 6,777 9,062
99. RY Management Company LLC (98) New York, NY 6,750 9,000
100. Steadfast Companies (99) Irvine, CA 6,749 37,728
101.^ Trinity Management LLC (111) Boston, MA 6,639 7,386
102. Peak Living LLC (100) Provo, UT 6,481 15,925
103. Capreit Residential Management (101) Rockville, MD 6,434 14,787
104. Forest City Residential Management, Inc. (102) Cleveland, OH 6,374 18,910
105.^ Community Housing Partners (104) Richmond, VA 6,311 6,560
106.^ CSI Support & Development (106) Warren, MI 6,166 6,166
107. The Integral Group (107) Atlanta, GA 6,100 6,800
108.^ Monroe Group Ltd. (114) Denver, CO 6,097 6,097
109. Silver Tree Residential LLC (108) Memphis, TN 6,092 6,092
110. Monarch Properties (110) Albuquerque, NM 6,044 8,220
111. GK Management Co. Inc. (109) Culver City, CA 6,013 15,007
112. Hercules Real Estate Services (112) Virginia Beach, VA 5,761 8,923
113. Fourmidable (116) Bingham Farms, MI 5,760 7,843
114. Arnold-Grounds/Eureka Multifamily Group Grapevine, TX 5,737 5,922
115. Atlanta, GA 5,565 7,310
116. Fairfield Residential (113) San Diego, CA 5,492 43,152
117.^ Alco Management Inc. (97) Memphis, TN 5,446 6,177
118.^ Standard Enterprises Inc. (119) Monroe, LA 5,300 5,536
119. Medallion Management Inc. (115) Kalamazoo, MI 5,217 5,403
120. Eagle Point Management LLC (117) South Portland, ME 5,104 5,144

<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, 2018. 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 Mike Coco, Choice Property Resources Inc. and vice chair Amber Day, TrashPro; Evelyn Arias, RealPage; Boone Atkins, Yardi; Andrea Ford, Quadel Consulting & Training LLC; Rue Fox, ResMan Software; Janel Ganim, RightSource Compliance; Jennifer Kelly, IPM Software an MRI Software Company; Gustavo Sapiurka, RealPage; Sarah Upchurch, RealPage; and John Yang, RentalHousingDeals.com.

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