| Rank (vs. 2014) |
Company Info | Executive Contact | Affordable Units/Projects Owned | Region(s) | Org. Type |
|---|---|---|---|---|---|
| 1 (1) | The Michaels Organization 3 E. Stow Road, Suite 100; P.O. Box 994; Marlton, NJ 08053 (856) 596-3008 • www.themichaelsorg.com The Michaels Organization, which owns 357 affordable housing developments with 42,883 units, is the top owner based on number of affordable housing units owned as of Jan. 1. |
John O’Donnell, president | 42,883 / 357 | National | For-profit |
| 2 (6) | Dominium 2905 Northwest Blvd., Suite 150; Plymouth, MN 55441 (763) 354-5500 • www.dominiumapartments.com Dominium entered the markets of Idaho, Nebraska, New Mexico, Oregon, and Tennessee with acquisitions in 2015. |
Paul Sween and Armand Brachman, managing partners | 20,081 / 180 | MW, SC, SE, W | For-profit |
| 3 (2) | Volunteers of America 1660 Duke St.; Alexandria, VA 22314 (703) 341-5095 • www.voa.org A leader in providing housing for seniors and special-needs populations, VOA is the largest nonprofit owner on the list. |
Patrick Sheridan, senior vice president of housing development | 19,734 / 490 | National | Nonprofit |
| 4 (3) | GHC Housing Partners 15301 Ventura Blvd., Suite 570; Sherman Oaks, CA 91403 (818) 808-0600 • www.ghchousing.com GHC Housing acquired two portfolios in Colorado, making it the largest owner of federally subsidized housing in the Denver area. |
Monique Lawshe, executive vice president | 19,281 / 168 | National | For-profit |
| 5 (4) | Mercy Housing 1999 Broadway, Suite 1000; Denver, CO 80202 (303) 830-3300 • www.mercyhousing.org Since 1981, Mercy Housing has participated in the development, preservation, and/or financing of more than 48,200 affordable homes. |
Jane Graf, president and CEO | 18,784 / 284 | National | Nonprofit |
| 6 (5) | National Church Residences 2335 N. Bank Drive; Columbus, OH 43220 (800) 388-2151 • www.nationalchurchresidences.org The firm recently completed its second permanent supportive housing development for veterans in Toledo, Ohio. |
Michelle Norris, president, National Church Residences Development Corp. | 18,405 / 269 | National | Nonprofit |
| 7 (7) | Cascade Affordable Housing 2801 Alaskan Way, Suite 200; Seattle, WA 98121 (206) 215-9700 • www.pinnacleliving.com In 2015, Cascade worked on the disposition of underperforming properties and the refinancing of other developments. |
Stewart Hill, vice president, client services | 16,323 / 84 | National | For-profit |
| 8 (10) | Southport Financial Services 5403 W. Gray St.; Tampa, FL 33609 (813) 288-6988 • N/A The firm acquired 21 affordable housing developments and completed the substantial rehabilitation of nine projects in 2015. |
Paul C. Fortino, senior vice president | 15,359 / 168 | National | For-profit |
| 9 (16) | The Millennia Cos. 8111 Rockside Road; Cleveland, OH 44125 (216) 520-1250 • www.mhmltd.com The company specializes in the acquisition, rehabilitation, and management of affordable and market-rate multifamily communities. |
Frank Sinito, president and CEO | 15,257 / 154 | MW, NE, SC, SE | For-profit |
| 10 (11) | McCormack Baron Salazar 720 Olive St., Suite 2500; St. Louis, MO 63101 (314) 621-3400 • www.mccormackbaron.com McCormack Baron Salazar has enhanced services for its residents through its nonprofit partner, Urban Strategies. |
Vince R. Bennett, president | 15,181 / 120 | National | For-profit |
| 11 (9) | Highridge Costa Cos. 330 W. Victoria St.; Gardena, CA 90248 (424) 258-2800 • www.housingpartners.com In addition to developing new affordable housing, the company plans to ramp up its acquisition/rehab activities in 2016. |
Michael Costa, president and CEO | 13,865 / 134 | W | For-profit |
| 12 (14) | Retirement Housing Foundation 911 N. Studebaker Road; Long Beach, CA 90815 (562) 257-5100 • www.rhf.org The nonprofit recently built out additional space at its headquarters and added a senior vice president of operations. |
Laverne R. Joseph, president and CEO | 13,643 / 155 | National | Nonprofit |
| 13 (13) | Conifer Realty 1000 University Ave., Suite 500; Rochester, NY 14607 (585) 324-0500 • www.coniferllc.com Conifer, which started eight new developments in 2015, also opened a regional office on Long Island, N.Y. |
Timothy D. Fournier, president and CEO | 13,617 / 212 | MW, NE | For-profit |
| 14 (12) | WinnCompanies 6 Faneuil Hall Marketplace; Boston, MA 02109 (617) 239-4554 • www.winnco.com The company’s work has included converting 28 historic properties into 3,200 units of mixed-income housing. |
Adam Stein, senior vice president, WinnDevelopment | 13,266 / 90 | NE, SC, SE, W | For-profit |
| 15 (new) | Pedcor Cos. 1 Pedcor Square, 770 Third Ave., S.W.; Carmel, IN 46032 (317) 587-0320 • www.pedcorcompanies.com The Indiana developer is active in 16 states with a primary focus on metro areas with populations over 100,000. |
Phillip J. Stoffregen, COO and executive vice president | 13,139 / 122 | MW, SC, SE. W | For-profit |
| 16 (36) | Omni New York 885 Second Ave., 31st Floor; New York, NY 10017 (646) 502-7192 • www.onyllc.com Omni New York plans to continue expanding in the coming year, anticipating the acquisition of four more developments with 886 units. |
Megan Thomas, executive vice president and COO | 12,726 / 64 | NE, SE, W | For-profit |
| 17 (19) | Beacon Communities 2 Center Plaza, Suite 700; Boston, MA 02108 (617) 574-1100 • www.beaconcommunitiesllc.com Beacon’s 2015 activities included focusing on refinancing its existing portfolio and expanding its acquisitions department. |
Pamela Goodman, CEO | 12,500 / 85 | National | For-profit |
| 18 (29) | L+M Development Partners 1865 Palmer Ave., Suite 203; Larchmont, NY 10538 (914) 833-3000 • www.lmdevpartners.com L+M Development anticipates a busy 2016 with seven new-construction projects scheduled for completion and two preservation deals, totaling almost 2,000 affordable units. |
Ron Moelis, CEO | 12,380 / 75 | NE, SC, W | For-profit |
| 19 (25) | Herman & Kittle Properties 500 E. 96th St., Suite 300; Indianapolis, IN 46240 (317) 805-1980 • www.hermankittle.com Herman & Kittle’s goals include increasing its portfolio to 15,000 units in the near future. |
Jeffrey Kittle, president and CEO | 12,337 / 129 | National | For-profit |
| 20 (17) | American Community Developers 20250 Harper Ave.; Detroit, MI 48225 (313) 881-8150 • www.acdmail.com The company reported acquiring four developments with 636 affordable housing units last year. |
Gerald A. Krueger, president | 11,907 / 87 | National | For-profit |
| 21 (15) | The NRP Group 5309 Transportation Blvd.; Cleveland, OH 44125 (216) 475-8900 • www.nrpgroup.com The NRP Group, a prominent developer of new construction projects, plans to expand its acquisition/rehab efforts. |
J. David Heller and T. Richard Bailey, partners | 11,898 / 112 | National | For-profit |
| 22 (18) | Pennrose Properties 1301 N. 31st St.; Philadelphia, PA 19121 (267) 386-8600 • www.pennrose.com In 2015, Pennrose completed a strategic plan that will guide the company for the next five to 10 years. |
Mark H. Dambly, president | 11,464 / 184 | MW, NE, SE | For-profit |
| 23 (23) | Gene B. Glick Co. P.O. Box 40177; Indianapolis, IN 46240 (317) 469-0400 • www.genebglick.com The firm was named management company of the year by the Indiana Apartment Association in 2015. |
David O. Barrett, president and CEO | 11,329 / 93 | MW, NE, SE | For-profit |
| 24 (20) | BRIDGE Housing Corp. 600 California St., Suite 900; San Francisco, CA 94108 (415) 989-1111 • www.bridgehousing.com BRIDGE launched a community development initiative to leverage its role as a real estate developer to partner with and improve neighborhood institutions and communities. |
Cynthia A. Parker, president and CEO | 11,303 / 109 | W | Nonprofit |
| 25 (22) | USA Properties Fund 3200 Douglas Blvd., Suite 200; Roseville, CA 95661 (916) 773-6060 • www.usapropfund.com The company recently surpassed 11,000 units in its portfolio for the first time. |
Geoffrey C. Brown, president | 11,292 / 86 | W | For-profit |
| 26 (24) | Silver Street Development Corp. 33 Silver St., Suite 200; Portland, ME 04101 (207) 780-9800 • www.silver-street.net Silver Street acquired 780 affordable housing units in three properties to add to its portfolio last year. |
Christopher Poulin, COO | 10,428 / 71 | National | For-profit |
| 27 (27) | The Community Builders 95 Berkeley St., Suite 500; Boston, MA 02116 (617) 695-9595 • www.tcbinc.org TCB added more than 600 units to its portfolio, including historic developments in Massachusetts, New York, and North Carolina in the past year. |
Bart Mitchell, president and CEO | 10,166 / 129 | MW, NE, SE | Nonprofit |
| 28 (28) | Miller-Valentine Group 9349 Waterstone Blvd.; Cincinnati, OH 45249 (513) 588-1000 • www.mvg.com Miller-Valentine’s 2016 goals includes closing on approximately 12 affordable and four market-rate housing deals. |
Brian McGeady, president, MV Affordable Housing Development | 9,996 / 113 | MW, SC, SE | For-profit |
| 29 (31) | Picerne Real Estate Group 247 N. Westmonte Drive; Altamonte Springs, FL 32714 (407) 772-0200 • www.picernerealtygroup.com Picerne will continue to focus on expansion in Florida and Texas in the coming year. |
Robert M. Picerne, COO | 9,791 / 64 | National | For-profit |
| 30 (new) | The NuRock Cos. 800 N. Point Parkway, Suite 125; Alpharetta, GA 30005 (770) 552-8070 • www.nurock.com In addition to its affordable housing work, the firm began predevelopment of four market-rate communities in 2015. |
Robert Hoskins, managing principal | 9,635 / 35 | SC, SE | For-profit |
| 31 (21) | The Hallmark Cos. 3111 Paces Mill Road, Suite A-250; Atlanta, GA 30339 (770) 984-2100 • www.hallmarkco.com The company closed an $88.6 million transaction to acquire a portfolio involving 20 rural Tennessee properties last year. |
Martin Petersen, president and CEO | 9,578 / 235 | SE | For-profit |
| 32 (26) | Ambling Management Co. 110 Ministry Drive, Suite D; Irmo, SC 29063 (229) 244-2800 • www.ambling.com Ambling will be focusing on affordable housing after recently selling its student housing division. |
James E. Hodge, president | 9,491 / 83 | National | For-profit |
| 33 (32) | LHP Development 900 S. Gay St., Suite 2000; Knoxville, TN 37902 (865) 549-7448 • www.lhp.net Longtime affordable housing developer Lawler Wood Housing Partners rebranded to LHP Development in 2015 to reflect the leadership team that has been behind the business in recent years. |
W. Carr Hagan III, president and director of development | 9,437 / 64 | MW, NE, SC, SE | For-profit |
| 34 (33) | Vitus Group 1700 Seventh Ave., Suite 2000; Seattle, WA 98101 (206) 832-1315 • www.vitusgroup.com After completing the acquisition of three properties in 2015, Vitus plans to acquire about 11 more developments this year. |
Stephen R. Whyte, managing director | 9,113 / 96 | National | For-profit |
| 35 (34) | Preservation of Affordable Housing 40 Court St., Suite 700; Boston, MA 02108 (617) 261-9898 • www.poah.org The firm acquired two developments with 242 units in 2015. |
Aaron Gornstein, president and CEO | 8,692 / 77 | MW, NE, SC, SE | Nonprofit |
| 36 (35) | Related California 18201 Von Karman Ave., Suite 900; Irvine, CA 92612 (949) 660-7272 • www.relatedcalifornia.com In 2016, the firm plans to increase its presence and market share in Northern California. |
Frank Cardone, president, Related California Affordable | 8,646 / 69 | W | For-profit |
| 37 (37) | The Pacific Cos. 430 E. State St., Suite 100; Eagle, ID 83616 (208) 461-0022 • www.tpchousing.com The Pacific Cos. has continued to diversify, completing three market-rate projects and two charter schools in 2015. |
Caleb Roope, president and CEO | 8,536 / 151 | W | For-profit |
| 38 (30) | The Woda Group 229 Huber Village Blvd., Suite 100; Westerville, OH 43081 (614) 396-3200 • www.wodagroup.com Within the affordable housing realm, The Woda Group is engaged in a broad spectrum of activities ranging from new construction and adaptive reuse to urban redevelopment and rural development rehabs. |
Jeffrey Woda and David Cooper Jr., principals | 8,348 / 204 | MW, NE, SE | For-profit |
| 39 (39) | TM Associates Management 1375 Piccard Drive, Suite 50; Rockville, MD 20850 (240) 683-0300 • www.tmamgroup.com The company acquired eight properties with 453 affordable housing units last year. |
Robert B. Margolis, CEO | 7,881 / 172 | MW, NE, SE | For-profit |
| 40 (46) | Eden Housing 22645 Grand St.; Hayward, CA 94541 (510) 582-1460 • www.edenhousing.org The nonprofit wrapped up the renovation of six Department of Housing and Urban Development Sec. 202 properties in its own portfolio through one rehabilitation financing deal. |
Linda Mandolini, president | 7,838 / 113 | W | Nonprofit |
| 41 (42) | EAH Housing 2169 E. Francisco Blvd., Suite B; San Rafael, CA 94901 (415) 258-1800 • www.eahhousing.org EAH delivers a full range of affordable housing in two tough real estate markets—California and Hawaii. |
Mary Murtagh, president and CEO | 7,658 / 94 | W | Nonprofit |
| 42 (40) | Wallick Communities 6880 Tussing Road; Reynoldsburg, OH 43068 (614) 552-5605 • www.wallick.com Wallick finished preservation work on 1,446 units and completed its first memory-care community in 2015. |
Tom Feusse, CEO | 7,283 / 101 | MW | For-profit |
| 43 (41) | Jamboree Housing Corp. 17701 Cowan Ave., Suite 200; Irvine, CA 92614 (949) 263-8676 • www.jamboreehousing.com Jamboree is one of the first to use funding from California’s greenhouse reduction fund proceeds for affordable housing. |
Laura Archuleta, president | 7,217 / 81 | W | Nonprofit |
| 44 (new) | Security Properties 701 Fifth Ave., Suite 5700; Seattle, WA 98104 (206) 622-9900 • www.securityproperties.com Security Properties closed on the acquisition of a large housing tax credit property in Virginia and completed construction on 120 units in Denver that were financed with tax credits. |
Bryon Gongaware, managing director | 6,729 / 54 | National | For-profit |
| 45 (44) | MidPen Housing Corp. 303 Vintage Park Drive, Suite 250; Foster City, CA 94404 (650) 356-2900 • www.midpen-housing.org The firm recently opened regional development offices in Oakland and Santa Rosa, Calif. |
Matthew O. Franklin, president | 6,483 / 88 | W | Nonprofit |
| 46 (50) | AHC 2230 N. Fairfax Drive; Arlington, VA 22201 (703) 486-0626 • www.ahcinc.org AHC acquired several mixed-income developments during the past year and added a project development manager to the staff. |
Stephen Smith, senior vice president | 6,204 / 46 | NE, SE | Nonprofit |
| 47 (48) | The NHP Foundation 122 E. 42nd St., Suite 3500; New York, NY 10168 (646) 336-4940 • www.nhpfoundation.org The nonprofit acquired five properties with 525 affordable units in 2015. |
Thomas G. Vaccaro, senior vice president and secretary | 6,146 / 34 | MW, NE, SC., SE | Nonprofit |
| 48 (47) | CSI Support and Development Services 8425 E. Twelve Mile Road; Warren, MI 48093 (586) 753-9002 • www.csi.coop CSI recently completed the substantial rehabilitation of 169 senior housing units in California. |
Nancy Evans, general manager | 6,058 / 58 | National | Nonprofit |
| 49 (new) | The Arker Cos. 15 Verbena Ave., Suite 100; Floral Park, NY 11001 (516) 277-9325 • www.arkercompanies.com The firm’s Beach Channel Senior Living Residences was the first to close under New York City’s new affordable senior housing initiative. |
Daniel Moritz, principal | 5,868 / 43 | NE | For-profit |
| 50 (new) | Chelsea Investment Corp. 5993 Avenida Encinas, Suite 101; Carlsbad, CA 92008 (760) 456-6000 • www.chelseainvestco.com In 2015, the firm completed two projects with units set aside for persons with developmental disabilities. |
James J. Schmid, CEO | 5,813 / 65 | W | For-profit |
Regions: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West
