Rank (vs. 2014) |
Company Info | Executive Contact | Affordable Housing Units Acquired in 2015 | Region(s) | Org. Type |
---|---|---|---|---|---|
1 (new) | Omni New York 885 Second Ave., 31st Floor; New York, NY 10017 (646) 502-7192 • www.onyllc.com Omni New York, which focuses on the acquisition and rehabilitation of Sec. 8 or other affordable properties, acquired 4,732 units in 2015. |
Megan Thomas, executive vice president and COO | 4,732 | NE, SE, W | For-profit |
2 (2) | The Millennia Cos. 8111 Rockside Road; Cleveland, OH 44125 (216) 520-1250 • www.mhmltd.com Millennia acquired 33 affordable housing developments and continued to expand its geographical footprint in the South and Southeast. |
Frank Sinito, president and CEO | 4,448 | MW, NE, SC, SE | For-profit |
3 (new) | Dominium 2905 Northwest Blvd., Suite 150; Plymouth, MN 55441 (763) 354-5500 • www.dominiumapartments.com Dominium acquired 20 developments in 2015 and has plans to acquire another 15 this year. |
Paul Sween and Armand Brachman, managing partners | 2,891 | MW, SC, SE, W | For-profit |
4 (1) | L+M Development Partners 1865 Palmer Ave., Suite 203; Larchmont, NY 10538 (914) 833-3000 • www.lmdevpartners.com In addition to starting construction on five new projects, L+M acquired six developments in 2015. |
Ron Moelis, CEO | 2,474 | NE, SC, W | For-profit |
5 (new) | Vesta Corp. 175 Powder Forest Drive; Weatogue, CT 06089 (860) 325-1700 • www.vestacorp.com Vesta Corp. completed the acquisition of 11 apartment communities with more than 2,000 units last year. The firm plans to acquire 3,000 units in 2016. |
Lewis Brown and Joshua Greenblatt, executive vice presidents | 2,360 | MW, NE, SC | For-profit |
6 (5) | Southport Financial Services 5403 W. Gray St.; Tampa, FL 33609 (818) 288-6988 • N/A After acquiring more than 2,000 units in 2015, the firm plans to acquire another 1,200 units this year. |
Paul C. Fortino, senior vice president | 2,172 | National | For-profit |
7 (9) | GHC Housing Partners 15301 Ventura Blvd., Suite 570; Sherman Oaks, CA 91403 (818) 808-0600 • www.ghchousing.com GHC acquired 22 properties last year with 1,964 units, a record number of acquisitions for the firm. |
Monique Lawshe, executive vice president | 1,964 | National | For-profit |
8 (new) | Eden Housing 22645 Grand St.; Hayward, CA 94541 (510) 582-1460 • www.edenhousing.org In addition to Eden Housing's new-construction work, the nonprofit continued to focus on its acquisition and preservation efforts throughout California. |
Linda Mandolini, president | 1,636 | W | Nonprofit |
9 (new) | Community Preservation Partners 17782 Sky Park Circle; Irvine, CA 92614 (949) 236-8278 • www.cpp-housing.com Community Preservation Partners is the development arm of WNC & Associates. The firm owns 56 developments with more than 3,500 units. |
Anand Kannan, president | 1,219 | W | For-profit |
10 (6) | Herman & Kittle Properties 500 E. 96th St., Suite 300; Indianapolis, IN 46240 (317) 805-1980 • www.hermankittle.com The company created an acquisition stabilization team to integrate multiproperty acquisitions. |
Jeffrey Kittle, president and CEO | 967 | National | For-profit |
Regions: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West