2017 NAHMA Affordable 100 Specialty Lists

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 below for more details).

<1-40> <41-80> <81-120> <Specialty Lists – LIHTC and RD>

25 Largest Housing Credit (LIHTC) Property Management Companies

Rank Management Company Headquarters Housing Credit Units*
1. FPI Management, Inc. Folsom, CA 36,748
2.^ WinnCompanies Boston, MA 34,592
3. Pinnacle Property Management Services Addison, TX 26,930
4.^ LEDIC Memphis, TN 23,266
5. McCormack Baron Management, Inc. Saint Louis, MO 22,387
6.^ Dominium Plymouth, MN 22,046
7. Capstone Real Estate Services, Inc. Austin, TX 21,927
8. Related Management New York, NY 20,000
9. The John Stewart Company San Francisco, CA 19,484
10.^ The Michaels Organization Marlton, NJ 18,739
11. Richman Property Services, Inc. Tampa, FL 17,050
12. KMG Prestige, Inc. Mt. Pleasant, MI 15,770
13.^ ConAm Management Corporation San Diego, CA 15,529
14.^ Edgewood Management Corporation Gaithersburg, MD 14,820
15. Alpha Barnes Dallas, TX 14,156
16. U.S. Residential Group, LLC Irvine, CA 14,126
17. The Cornerstone Group Hollywood, FL 13,693
18. The NRP Group LLC Cleveland, OH 13,244
19. Pedcor Management Corporation Carmel, IN 13,139
20.^ Reliant Realty Services, LLC New York, NY 12,786
21. Millennia Housing Management, Ltd. Valley View, OH 12,630
22.^ Royal American Management, Inc. Panama City, FL 12,331
23. Rochester, NY 12,187
24. Picerne Real Estate Group Warwick, RI 12,000
25.^ Mercy Housing, Inc. Denver, CO 11,715


25 Largest Rural Development Program Property Management Companies

Rank Management Company Headquarters RD Program Units*
1. MACO Management Co., Inc. Clarkton, MO 9,192
2. J & A Inc. Corinth, MS 8,390
3.^ Partnership Property Management Greensboro, NC 7,343
4. Woda Management & Real Estate, LLC Westerville, OH 6,636
5.^ TM Associates Management, Inc. Rockville, MD 6,388
6. Boyd Management Columbia, SC 5,924
7. GEM Management Charlotte, NC 5,307
8. Professional Property Management Rockford, IL 3,795
9. AWI Management Corporation Auburn, CA 3,634
10. RLJ Management Co., Inc. Columbus, OH 3,567
11. The Hallmark Companies, Inc. Atlanta, GA 3,468
12. Rochester, NY 2,666
13.^ Landura Management Associates Winston-Salem, NC 2,652
14.^ The Michaels Organization Marlton, NJ 2,596
15. Huff Management Co., Inc. Opelika, AL 2,481
16. Severn Management Annapolis, MD 2,363
17. Belmont Management Co. Fort Smith, AR 2,318
18. MAC Real Estate, LLC Metairie, LA 2,315
19. Morrow Realty Company, Inc. Tuscaloosa, AL 2,313
20. Sun Belt Management Company Albertville, AL 2,246
21. JL Gray Albuquerque, NM 2,216
22. PK Housing & Management Co. Okemos, MI 2,200
23. The CBM Group, Inc. Auburn, CA 2,079
24. MetroPlains Management, LLC Fargo, ND 1,955
25.^ Royal American Management, Inc. Panama City, FL 1,919

<1-40> <41-80> <81-120> <Specialty Lists – LIHTC and RD>

^ A NAHMA Communities of Quality National Recognition Program Participant

* 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. 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.

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.