Rank
(vs. 2014)
Company Info Executive Contact 2015 Starts/Completions Region(s) Org. Type
1 (new)

Pedcor Cos.

1 Pedcor Square, 770 3rd Ave., S.W.; Carmel, IN 46032

(317) 587-0320 • www.pedcorcompanies.com

Pedcor Cos., a longtime affordable housing provider, tops the developers list after starting construction on six new projects with 1,070 units in 2015.

Phillip J. Stoffregen, COO and executive vice president 1,070 / 92 MW. SC, SE, W For-profit
2 (4)

McCormack Baron Salazar

720 Olive St., Suite 2500; St. Louis, MO 63101

(314) 621-3400 • www.mccormackbaron.com

Last year, the firm secured a major contract to redevelop three public housing sites into mixed-income communities in Puerto Rico.

Vince R. Bennett, president 829 / 386 National For-profit
3 (27)

Herman & Kittle Properties

500 E. 96th St., Suite 300; Indianapolis, IN 46240

(317) 805-1980 • www.hermankittle.com

The firm added new-construction bond deals back into its pipeline in addition to 9% low-income housing tax credit (LIHTC) deals.

Jeffrey Kittle, president and CEO 792 / 638 National For-profit
4 (5)

Pennrose Properties

1301 N. 31st St.; Philadelphia, PA 19121

(267) 386-8600 • www.pennrose.com

Pennrose started construction on 10 affordable housing developments in 2015 and recently opened a Boston office.

Mark H. Dambly, president 688 / 461 MW, NE, SE For-profit
5 (3)

Conifer Realty

1000 University Ave., Suite 500; Rochester, NY 14607

(585) 324-0500 • www.coniferllc.com

Conifer projects starting as many as 13 new developments this year after starting eight projects in 2015.

Timothy D. Fournier, president and CEO 617/ 707 MW, NE For-profit
6 (10)

The Pacific Cos.

430 E. State St., Suite 100; Eagle, ID 83616

(208) 461-0022 • www.tpchousing.com

The Pacific Cos. completed 935 affordable and market-rate units, the largest number in company history, in 2015.

Caleb Roope, president and CEO 561 / 689 W For-profit
7 (6)

The Woda Group

229 Huber Village Blvd., Suite 100; Westerville, OH 43081

(614) 396-3200 • www.wodagroup.com

In addition to the firm's affordable housing work, it completed a 120-bed student housing project in Columbia, S.C., last year.

Jeffrey Woda and David Cooper Jr., co-principals 552 / 774 MW, NE, SE For-profit
8 (7)

Rise Residential Construction

16812 Dallas Parkway; Dallas, TX 75248

(972) 701-5558 • www.rise-residential.com

Formerly Odyssey Residential Construction, the firm is now known as Rise Residential Construction.

Melissa Adami, president 495 / 708 SC, W For-profit
9 (2)

The NRP Group

5309 Transportation Blvd.; Cleveland, OH 44125

(216) 475-8900 • www.nrpgroup.com

After starting construction on three affordable housing developments in 2015, the firm plans to start seven this year.

J. David Heller and T. Richard Bailey, partners 485 / 1487 National For-profit
10 (20)

Mercy Housing

1999 Broadway, Suite 1000; Denver, CO 80202

(303) 830-3300 • www.mercyhousing.org

Mercy created regional real estate strategies that build concentration and commitment aimed at improving neighborhoods.

Jane Graf, president and CEO 481 / 436 National Nonprofit
11 (14)

Related California

18201 Von Karman Ave., Suite 900; Irvine, CA 92612

(949) 660-7272 • www.relatedcalifornia.com

Related California, which started four projects last year, has separated its affordable and market-rate housing divisions.

Frank Cardone, president, Related California Affordable 438 / 261 W For-profit
12 (new)

The NuRock Cos.

800 N. Point Parkway, Suite 125; Alpharetta, GA 30005

(770) 552-8070 • www.nurock.com

NuRock broke ground on a multifamily development in Broward County with funds from a Department of Justice lender’s settlement.

Robert Hoskins, managing principal 425 / 0 SC, SE For-profit
13 (17)

TWG Development

333 N. Pennsylvania St., Suite 100; Indianapolis, IN 46204

(317) 264-1833 • www.twgdev.com

The firm continued to find success outside of Indiana, with projects starting in Iowa, Kansas, Michigan, and Missouri.

Joe Whitsett, CEO 421 / 241 MW For-profit
14 (11)

Miller-Valentine Group

9349 Waterstone Blvd.; Cincinnati, OH 45249

(513) 588-1000 • www.mvg.com

In 2015, the company closed on two market-rate projects and eight LIHTC deals.

Brian McGeady, president, MV Affordable Housing Development 419 / 610 MW, SC, SE For-profit
15 (13)

Realtex Development Corp.

1101 S. Capital of Texas Highway, Suite F-200; Austin, TX 78746

(512) 306-9206 • www.realtexdevelopment.com

Realtex worked on projects in Florida, Georgia, Texas, and Virginia last year.

Rick Deyoe, president 408 / 366 SC, SE For-profit
16 (new)

Anton Development Co.

950 Tower Lane, Suite 1225; Foster City, CA 94404

(650) 549-1600 • www.antondev.com

The firm began construction of Anton Portola, a 256-unit LIHTC community in Irvine, Calif., to satisfy the inclusionary housing obligation of master developer The Irvine Co.

Steven L. Eggert, president 404 / 253 W For-profit
16 (12)

LDG Development

1469 54th St.; Louisville, KY 40208

(502) 638-0534 • www.ldgdevelopment.com

LDG projects starting as many as eight affordable housing developments with about 1,500 units this year.

Chris Dischinger and Mark Lechner, co-owners 404 / 218 MW, SC, SE For-profit
17 (44)

Gorman & Co.

200 N. Main St.; Oregon, WI 53575

(608) 835-3900 • www.gormanusa.com

After starting seven developments in 2015, the firm hopes to begin 11 more this year.

Tom Capp, COO 384 / 150 National For-profit
18 (26)

L+M Development Partners

1865 Palmer Ave., Suite 203; Larchmont, NY 10538

(914) 833-3000 • www.lmdevpartners.com

L+M passed the 10,000 mark for units developed and entered a new market in Southern California in 2015.

Ron Moelis, CEO 379 / 120 NE, SC, W For-profit
19 (1)

The Michaels Organization

3 E. Stow Road, Suite 100; P.O. Box 994; Marlton, NJ 08053

(856) 596-3008 • www.themichaelsorg.com

Michaels reported closing 10 affordable housing deals and creating a dedicated underwriting unit in 2015.

John O’Donnell, president 373 / 312 National For-profit
20 (28)

Beneficial Communities

3550 S. Tamiami Trail, Suite 301; Sarasota, FL 34239

(941) 929-1270 • www.beneficialcom.com

The owner of 26 affordable housing developments, the firm started construction on five projects last year.

Donald Paxton, president 335 / 121 National For-profit
21 (new)

Cohen-Esrey Affordable Partners

6800 W. 64th St., Suite 101; Overland Park, KS 66202

(913) 671-3363 • www.cohenesrey.com

Cohen-Esrey re-entered the 4% tax credit and bond arena last year with two projects.

Tom Anderson, managing director 318 / 28 MW, SC, SE For-profit
22 (15)

Dominium

2905 Northwest Blvd., Suite 150; Plymouth, MN 55441

(763) 354-5500 • www.dominiumapartments.com

Dominium’s recent activities include completing two new senior housing developments, the first of this product type for the company.

Paul Sween and Armand Brachman, managing partners 306 / 752 MW, SC, SE, W For-profit
23 (new)

Commonwealth Development Corporation of America

9 Sheboygan St.; Fond du Lac, WI 54935

(920) 922-8170 • www.commonwealthco.net

The firm plans to enter several new states, including Georgia, Kansas, Michigan, and Oregon, in the coming year.

Louie A. Lange III, president 304 / 199 MW, SC, SE, W For-profit
24 (new)

Affirmed Housing

13520 Evening Creek Drive N., Suite 160; San Diego, CA 92128

(858) 679-2828 • www.affirmedhousing.com

In 2015, Affirmed Housing completed three communities, including a development that included 78 units for formerly homeless, senior veterans.

Jim Silverwood, president 302 / 148 W For-profit
25 (new)

Housing Trust Group

3225 Aviation Ave., Suite 602; Miami, FL 33133

(305) 860-8188 • www.htgf.com

The firm closed on financing and began construction on 296 units of affordable housing in Florida last year as well as 72 units of market-rate housing in Tennessee.

Matthew Rieger, president and CEO 301 / 63 SE, W For-profit
26 (12)

BRIDGE Housing Corp.

600 California St., Suite 900; San Francisco, CA 94108

(415) 989-1111 • www.bridgehousing.com

BRIDGE is building its first modular construction project, a 115-unit family development in San Leandro, Calif.

Cynthia A. Parker, president and CEO 300 /478 W Nonprofit
27 (new)

The John Stewart Co.

1388 Sutter St., 11th Floor; San Francisco, CA 94109

(415) 345-4400 • www.jsco.net

In 2015, the firm closed escrow to acquire and renovate four San Francisco public housing projects, using the Department of Housing and Urban Development's Rental Assistance Demonstration program.

Jack D. Gardner, president and CEO 283 / 0 W For-profit
28 (18)

Atlantic Pacific Communities

2950 S.W. 27th Ave., Suite 200; Miami, FL 33133

(305) 357-4700 • www.apcommunities.com

The Miami-based company plans to expand into Washington, D.C., as well as continue to grow in Texas.

Kenneth Naylor, COO 268 / 215 National For-profit
29 (40)

USA Properties Fund

3200 Douglas Blvd., Suite 200; Roseville, CA 95661

(916) 773-6060 • www.usapropfund.com

The firm started two affordable housing developments as well as its first market-rate community in 2015.

Geoffrey C. Brown, president and CEO 266 / 126 W For-profit
30 (34)

AMCAL Multi-Housing

30141 Agoura Road, Suite 100; Agoura Hills, CA 91301

(818) 706-0694 • www.amcalhousing.com

In 2015, AMCAL completed five affordable housing developments while starting construction on two others.

Percival Vaz, CEO 260 / 367 SC, W For-profit
31 (16)

Chelsea Investment Corp.

5993 Avenida Encinas, Suite 101; Carlsbad, CA 92008

(760) 456-6000 • www.chelseainvestco.com

The firm recently completed a 203-unit project for people at risk of homelessness and homeless vets in San Diego.

James J. Schmid, CEO 256 / 706 SC, W For-profit
32 (29)

The Community Builders

95 Berkeley St., Suite 500; Boston, MA 02116

(617) 695-9595 • www.tcbinc.org

TCB opened Schoolhouse Terrace, the first phase in a six-phase neighborhood revitalization effort in Yonkers, N.Y.

Bart Mitchell, president and CEO 250 / 282 MW, NE, SE Nonprofit
33 (new)

Southport Financial Services

5403 W. Gray St.; Tampa, FL 33609

(813) 288-6988 • N/A

Southport Financial applied for and was allocated 14 LIHTC awards in 2015.

Paul C. Fortino, senior vice president 241 / 60 National For-profit
34 (36)

Norstar Development USA

200 S. Division St.; Buffalo, NY 14204

(716) 847-1098 • www.norstarus.com

The company is constructing the first phase of Waterfront Apartments, a major Mitchell-Lama redevelopment in Buffalo, N.Y.

Linda Goodman, vice president 222 / 281 MW, NE, SC, SE For-profit
35 (21)

MidPen Housing Corp.

303 Vintage Park Drive, Suite 250; Foster City, CA 94404

(650) 356-2900 • www.midpen-housing.org

Most of MidPen’s recent and upcoming developments are transit-oriented communities, often mixed-use or infill development.

Matthew O. Franklin, president 217 / 115 W Nonprofit
36 (new)

Beacon Communities

2 Center Plaza, Suite 700; Boston, MA 02108

(617) 574-1100 • www.beaconcommunitiesllc.com

Beacon’s entire portfolio went smoke-free in 2015. The firm also integrated an asset management department.

Pamela Goodman, CEO 214 / 40 National For-profit
37 (37)

Community Investment Strategies

1970 Brunswick Ave., Suite 100; Lawrenceville, NJ 08648

(609) 298-2229 • www.cisnj.com

CIS started construction on two developments and closed its first Rental Assistance Demonstration deal in 2015.

Christiana Foglio, owner and CEO 203 / 171 NE For-profit
38 (new)

Dantes Partners

701 Lamont St., N.W., Suite 11; Washington, DC 20010

(202) 588-0622 • www.dantespartners.com

The firm is looking to expand its geographic footprint outside of the District of Columbia in the coming year.

Buwa Binitie, managing principal 198 / 0 NE, SE For-profit
39 (46)

Flaherty & Collins Properties

8900 Keystone Crossing, Suite 1200; Indianapolis, IN 46240

(317) 816-9300 • www.flco.com

After starting construction on four new developments in 2015, the company plans to start five more this year.

Duane Miller, vice president, community development and asset management 194 / 80 National For-profit
39 (31)

Jamboree Housing Corp.

17701 Cowan Ave., Suite 200; Irvine, CA 92614

(949) 263-8676 • www.jamboreehousing.com

Jamboree has recently hired additional staff to expand its development opportunities to new territories in California.

Laura Archuleta, president 194 / 132 W Nonprofit
40 (41)

The Arker Cos.

15 Verbena Ave., Suite 100; Floral Park, NY 11001

(516) 277-9325 • www.arkercompanies.com

The firm, which focuses on developing housing in all five boroughs of New York City, started two projects last year.

Daniel Moritz, principal 191 / 180 NE For-profit
41 (39)

Madhouse Development Services

8311 Rockwood Lane; Austin, TX 78757

(512) 633-4037 • www.madhousedevelopment.net

Madhouse was involved in developing over 400 housing units in Texas last year, including its work as a co-developer.

Henry Flores, president 180 / 0 SC For-profit
42 (50)

Retirement Housing Foundation

911 N. Studebaker Road; Long Beach, CA 90815

(562) 257-5100 • www.rhf.org

Specializing in affordable seniors and family housing, the company started construction on three projects in 2015.

Laverne R. Joseph, president and CEO 175 / 48 National Nonprofit
43 (33)

Picerne Real Estate Group

247 N. Westmonte Drive; Altamonte Springs, FL 32714

(407) 772-0200 • www.picernerealtygroup.com

The firm celebrated its 90th anniversary in 2015 with employee appreciation and resident activities.

Robert M. Picerne, COO 156 / 156 National For-profit
44 (30)

Enterprise Homes

312 N. MLK Jr. Blvd., Suite 300; Baltimore, MD 21201

(410) 332-7400 • www.enterprisehomes.com

Enterprise is working with Bon Secours Health System to develop the first component of a master plan in Baltimore.

Chickie Grayson, president and CEO 153 / 189 NE, SC For-profit
45 (23)

Prestwick Cos.

3715 Northside Pkwy., Bldg. 200, Suite 175; Atlanta, GA 30327

(404) 949-3870 • www.prestwickcompanies.com

The company worked closely with the city of Fairburn, Ga., to build Manor at Broad Street, a new seniors community.

Ken Blankenship, Darien Lee, and Jody Tucker, partners 144 / 88 SC, SE For-profit
46 (25)

Volunteers of America

1660 Duke St.; Alexandria, VA 22314

(703) 341-5095 • www.voa.org

In 2015, VOA opened a 50-unit, Sec. 202 seniors project along with an adult day service center in Shreveport, La.

Patrick Sheridan, executive vice president of housing 130 / 345 National Nonprofit
47 (19)

Dunn Development Corp.

316 Douglass St., Second Floor; Brooklyn, NY 11217

(718) 388-9407 • www.dunndev.com

Dunn’s expertise includes integrating service-enriched housing components within multifamily apartment buildings.

Martin Dunn, president 124 / 151 NE For-profit
48 (43)

Eden Housing

22645 Grand St.; Hayward, CA 94541

(510) 582-1460 • www.edenhousing.org

Eden broke ground on a farmworker project in Soledad, Calif., and a veterans housing project in Dublin, Calif., last year.

Linda Mandolini, president 116 / 71 W Nonprofit
49 (new)

Community Development Partners

3416 Via Oporto, Suite 301; Newport Beach, CA 92663

(949) 467-1344 • www.communitydevpartners.com

The firm completed construction on El Rancho del Arte in Mesa, Ariz., and acquired two affordable housing properties in Southern California and one in Oregon.

Eric Paine, CEO 114 / 66 W For-profit
50 (new)

Beyond Shelter

P.O. Box 310; Fargo, ND 58107

(701) 551-0480 • www.beyondshelterinc.com

Beyond Shelter broke ground on four new developments with 113 affordable housing units in 2015.

Daniel P. Madler, CEO 113 / 81 MW Nonprofit

Regions: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West