Eagle Point Cos.
Laura E. Burns, president and CEO
One City Center, Second Floor;
Portland ME 04101
(207) 780-8050 www.eaglepointco.com
2,535
Midwest, Northeast, South Central, Southeast
For-profit
Eagle Point Cos. had a big 2007 with the acquisition of 10 projects with more than 2,500 units. The firm’s recent accomplishments included entering the marketplace to acquire general partner interests of low-income housing tax credit (LIHTC) properties, completing the renovation of several historic buildings in Missouri, and establishing its own management company for its East Coast portfolio. Eagle Point hopes to have an even bigger 2008 by acquiring as many as 5,000 units.
2
Related Affordable
Patrick Plunkett, director of acquisitions
60 Columbus Circle
New York, NY 10023
(212) 421-5333
www.related.com
1,798
Midwest, Northeast, South Central, Southeast
For-profit
Related Affordable is the affordable housing division of The Related Cos. The group acquired 15 developments with nearly 1,800 units in 2007. Its focus includes acquiring Sec. 8 properties with expiring project-based contracts, Sec. 236 properties in need of rehab, and LIHTC properties with expiring restrictions.
3
Summit Asset Management
David P. Garcia, vice president of acquisitions
Summit Asset Management acquired and rehabilitated 10 developments in 2007. The firm also syndicated its first deal internally.
4
Preservation of Affordable Housing
Amy S. Anthony, president and CEO
40 Court St.; Boston MA 02108
(617) 261-9898
www.poah.org
1,162
National
Nonprofit
This six-year-old company’s sole focus is on preserving privately owned, “at-risk” multifamily rental housing to ensure its long-term affordability. It experienced strong growth in 2007, preserving eight projects with more than 1,100 affordable housing units. POAH expects to acquire even more units in 2008.
5
Wasatch Advantage Group, LLC
Kipling S. Sheppard, president and CEO
26522 La Alameda, Suite 260
Mission Viejo CA 92691
((949) 367-1393
1,084
West
For-profit
Wasatch Advantage Group closed and started rehab work on more than 1,000 units and put under contract another 935 units of affordable housing that will be started in 2008 and beyond. The firm is also involved in market-rate housing.
2
Omni New York, LLC
Megan Black Thomas, executive vice president and chief operating officer
885 Second Ave., 31st Floor; New York NY 100172
(646) 502-7192
www.onyllc.com
858
National
For-profit
Omni New York was formed by former Major League Baseball player Mo Vaughn and former acquisitions and merger attorney Eugene Schneur. In four years, the company has acquired 11 affordable housing developments and constructed one new property.
7
Bridge Housing
Carol Galante, president and CEO
345 Spear St., Suite 700; San Francisco, CA 94105
(415) 989-1111
www.bridgehousing.com
844
California
Nonprofit
BRIDGE Housing acquired five projects and built seven other affordable rental developments in 2007. In 2008, the organization will be looking to develop partnerships in the Los Angeles area.
Mercy Housing acquired 15 developments in 2007 and expects to acquire even more in 2008. The nonprofit organization also started 951 units of new construction last year.
660 Newport Center Drive, Suite 930; Newport Beach CA 92660
(949) 719-1888
www.kdfcommunities.com
69
California
For-profit
KDF Communities focuses on multifamily housing throughout California. The company hopes to add another 800 to 1,000 units to its portfolio this year.
10
Volunteers of America
Patrick Sheridan, senior vice president of housing development
1660 Duke St. Alexandria, VA 22314
(703) 341-5095
www.voa.org
621
National
For-profit
Volunteers of America acquired nine developments with more than 600 units, in addition to starting several new projects in 2007. The organization provides a variety of affordable housing, including seniors and supportive housing.
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