2019 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.^ WinnCompanies Boston, MA 36,653
2.^ Dominium Plymouth, MN 28,479
3.^ LEDIC Realty Company LLC Memphis, TN 26,773
Folsom, CA 26,196
5. The John Stewart Company San Francisco, CA 21,380
6.^ The Michaels Organization (fka Interstate Realty Management) Marlton, NJ 21,288
7. Capstone Real Estate Services Inc. Austin, TX 19,667
8. Pinnacle Addison, TX 19,000
9. McCormack Baron Management Inc. St. Louis, MO 18,984
10.^ ConAm Management Corporation San Diego, CA 17,062
11.^ Millennia Housing Management Ltd. Cleveland, OH 15,908
12.^ Related Management New York, NY 15,841
13. Edgewood Management Corporation Gaithersburg, MD 15,065
14. Alpha Barnes Real Estate Services Dallas, TX 14,968
15. The NRP Group Cleveland, OH 14,779
16. Richman Property Services Inc. Tampa, FL 14,460
17. The Cornerstone Group Hollywood, FL 13,786
18.^ Mercy Housing Management Group Denver, CO 13,678
19. The Hallmark Companies Inc. Atlanta, GA 13,405
20. Pedcor Management Corporation Carmel, IN 13,139
21. Cambridge Management Inc. Tacoma, WA 13,040
22. Herman & Kittle Properties Inc. Indianapolis, IN 12,574
23.^ Reliant Realty Services LLC New York, NY 12,522
24. Conifer Realty LLC Rochester, NY 12,182
25. Wilhoit Properties Springfield, MO 12,146


25 Largest Rural Development Program Property Management Companies

Rank Management Company Headquarters RD Program Units*
1.^ Related Management New York, NY 15,841
2. Richman Property Services Inc. Tampa, FL 14,460
3. Boyd Management Columbia, SC 9,511
4. Maco Management Co. Inc. Malden, MO 8,835
5. The Hallmark Companies Inc. Atlanta, GA 8,652
6. J & A Inc. Corinth, GA 8,390
7.^ Partnership Property Management Greensboro, NC 7,364
8.^ TM Associates Management Inc. Rockville, MD 7,143
9. GEM Management Charlotte, NC 5,307
10.^ The Michaels Organization (fka Interstate Realty Management) Marlton, NJ 5,075
11. Medallion Management Inc. Kalamazoo, MI 4,914
12. Grenadier Realty Brooklyn, NY 4,658
13. NDC Real Estate Pittsburgh, PA 4,596
14. AWI Management Corporation Auburn, CA 4,448
15.^ Landura Management Associates Winston-Salem, NC 3,997
16. Oakbrook Corporation Madison, WI 3,838
17. Professional Property Management Rockford, IL 3,795
18. RLJ Management Columbus, OH 3,567
19. Winterwood Inc. Lexington, KY 3,180
20. Huff Management Co. Inc. Opelika, AL 2,481
21.^ SHP Management Cumberland Foreside, ME 2,353
22. JL Gray Albuquerque, NM 2,338
23. Viridian Management Inc. Enterprise, OR 2,321
24. Severn Management Company Annapolis, MD 2,274
25. Morrow Realty Company Inc. Tuscaloosa, AL 2,246

<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, 2018. 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 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.