| RANK (VS. 2015) |
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 tops the owners list based on the number of affordable housing units owned as of Jan. 1. |
John O’Donnell, president | 44,539 / 367 | National | For-profit |
| 2 (2) | DOMINIUM 2905 Northwest Blvd., Suite 150; Plymouth, MN 55441 (763) 354-5500 | www.dominiumapartments.com Dominium hit a major milestone in 2016, with its portfolio exceeding 25,000 units owned, including market-rate apartments. |
Paul Sween and Armand Brachman, managing partners | 23,181 / 196 | MW, SC, SE, W | For-profit |
| 3 (5) | MERCY HOUSING 1999 Broadway, Suite 1000; Denver, CO 80202 (303) 830-3300 | www.mercyhousing.org Celebrating its 35th anniversary this year, Mercy Housing is the largest nonprofit owner on the list. |
Jane Graf, president and CEO | 22,255 / 323 | National | Nonprofit |
| 4 (9) | THE MILLENNIA COS. 8111 Rockside Road; Cleveland, OH 44125 (216) 520-1250 | www.mhmltd.com The Millennia Cos. continued to concentrate on the 4% credit to preserve projects in its pipeline. |
Frank Sinito, CEO | 20,009 / 189 | MW, NE, SC, SE | For-profit |
| 5 (3) | VOLUNTEERS OF AMERICA 1660 Duke St.; Alexandria, VA 22314 (703) 341-5095 | www.voa.org Volunteers of America acquired six properties with 572 affordable housing units in 2016. |
Patrick Sheridan, executive vice president of housing | 19,809 / 492 | National | Nonprofit |
| 6 (4) | GHC HOUSING PARTNERS 15301 Ventura Blvd., Suite 570; Sherman Oaks, CA 91403 (818) 808-0600 | www.ghchousing.com GHC Housing Partners expanded ownership to Maryland last year, increasing its presence to 27 states. |
Monique Lawshe, executive vice president | 19,667 / 175 | National | For-profit |
| 7 (6) | NATIONAL CHURCH RESIDENCES 2335 N. Bank Drive; Columbus, OH 43220 (800) 388-2151 | www.nationalchurchresidences.org The nonprofit will continue to focus on preservation in the coming year, with plans to acquire eight projects with 727 units. |
Mark R. Ricketts, president and CEO | 18,406 / 269 | National | Nonprofit |
| 8 (8) | SOUTHPORT FINANCIAL SERVICES 5403 W. Gray St.; Tampa, FL 33609 (813) 288-6988 | www.sphome.com Southport Financial Services acquired 15 developments with 1,441 units last year. |
Paul C. Fortino, senior vice president | 16,726 / 183 | National | For-profit |
| 9 (14) | WINNCOMPANIES 6 Faneuil Hall Marketplace; Boston, MA 02109 (617) 239-4554 | www.winnco.com The firm plans to expand its Mid-Atlantic development pipeline this year, entering Maryland. |
Lawrence H. Curtis, president and managing partner, WinnDevelopment | 15,634 / 109 | NE | For-profit |
| 10 (10) | McCORMACK BARON SALAZAR 720 Olive St., Suite 2500; St. Louis, MO 63101 (314) 621-3400 | www.mccormackbaron.com McCormack Baron Salazar was awarded two Choice Neighborhoods implementation grants, in Louisville, Ky., and St. Louis. |
Vince R. Bennett, president | 14,537/ 124 | National | For-profit |
| 11 (15) | PEDCOR COS. 1 Pedcor Square, 770 Third Ave., S.W.; Carmel, IN 46032 (317) 587-0320 | www.pedcorcompanies.com The firm 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 | 14,019 / 128 | MW, SC, SE. W | For-profit |
| 12 (13) | CONIFER REALTY 1000 University Ave., Suite 500; Rochester, NY 14607 (585) 324-0500 | www.coniferllc.com Beyond its affordable housing work, Conifer gave back to the community by recently building a homeless shelter in Rochester, N.Y. |
Timothy D. Fournier, chairman and CEO | 13,812 / 214 | MW, NE | For-profit |
| 13 (11) | HIGHRIDGE COSTA COS. 330 W. Victoria St.; Gardena, CA 90248 (424) 258-2800 | www.housingpartners.com The firm has acquired 18 properties under its acquisition–rehab program in California since 2013, completing 10 acquisitions last year. |
Michael Costa, president and CEO | 13,720 / 131 | MW, SC, SE, W | For-profit |
| 14 (19) | HERMAN & KITTLE PROPERTIES 500 E. 96th St., Suite 300; Indianapolis, IN 46240 (317) 805-1980 | www.hermankittle.com Herman & Kittle Properties acquired five developments with 449 units in 2016. |
Jeffrey Kittle, president and CEO | 13,558 / 132 | National | For-profit |
| 15 (12) | RETIREMENT HOUSING FOUNDATION 911 N. Studebaker Road; Long Beach, CA 90815 (562) 257-5100 | www.rhf.org The nonprofit opened two new communities, acquired one, and started construction on two more last year. |
Laverne R. Joseph, president and CEO | 13,440 / 158 | National | Nonprofit |
| 16 (new) | THE CORNERSTONE GROUP 2100 Hollywood Blvd.; Hollywood, FL 33020 (305) 443-8288 | www.cornerstonegrp.com The developer plans to continue to improve operations and incorporate green features into its communities this year. |
Mara S. Mades, partner | 13,438 / 60 | SE | For-profit |
| 17 (21) | THE NRP GROUP 5309 Transportation Blvd.; Cleveland, OH 44125 (216) 475-8900 | www.nrpgroup.com The firm expanded its footprint to include seven high-barrier–entry markets, including Boston, New York City, and Washington, D.C. |
J. David Heller, CEO | 13,244 / 108 | MW, NE, SC, SE | For-profit |
| 18 (17) | BEACON COMMUNITIES 2 Center Plaza, Suite 700; Boston, MA 02108 (617) 574-1100 | www.beaconcommunitiesllc.com Beacon Communities entered into an acquisition agreement for a large portfolio in 2016. |
Pamela Goodman, CEO | 13,037 / 87 | MW, NE, SE, W | For-profit |
| 19 (16) | OMNI NEW YORK 885 Second Ave., 31st Floor; New York, NY 10017 (646) 502-7192 | www.onyllc.com In 2016, the firm acquired an affordable housing project in the Bronx as well as the general-partner interest of a new Maryland project. |
Megan Thomas, executive vice president and COO | 13,002 / 66 | NE, SE, W | For-profit |
| 20 (20) | AMERICAN COMMUNITY DEVELOPERS 20250 Harper Ave.; Detroit, MI 48225 (313) 881-8150 | www.acdmail.com American Community Developers acquired two projects with 318 units last year. |
Gerald A. Krueger, president | 12,133 / 90 | National | For-profit |
| 21 (22) | PENNROSE PROPERTIES 1301 N. 31st St.; Philadelphia, PA 19121 (267) 386-8600 | www.pennrose.com Pennrose Properties opened offices in Atlanta and Boston last year. This year, the developer plans to enter Louisiana. |
Mark H. Dambly, president | 12,132 / 188 | MW, NE, SC, SE | For-profit |
| 22 (38) | THE WODA GROUP 229 Huber Village Blvd., Suite 100; Westerville, OH 43081 (614) 396-3200 | www.wodagroup.com The Ohio-based developer purchased a 52-project portfolio with properties in Illinois, Indiana, Kentucky, and Wisconsin in 2016. |
Jeffrey Woda and David Cooper Jr., principals | 11,779 / 301 | MW, NE, SE | For-profit |
| 23 (25) | USA PROPERTIES FUND 3200 Douglas Blvd., Suite 200; Roseville, CA 95661 (916) 773-6060 | www.usapropfund.com USA Properties Fund is creating a home health-care pilot program for its low-income senior residents. |
Geoffrey C. Brown, president | 11,492 / 87 | W | For-profit |
| 24 (23) | GENE B. GLICK CO. P.O. Box 40177; Indianapolis, IN 46240 (317) 469-0400 | www.genebglick.com The firm plans to complete a capital-needs assessment of its portfolio this year. |
David O. Barrett, president and CEO | 11,310 / 89 | MW, NE, SC, SE | For-profit |
| 25 (18) | L+M DEVELOPMENT PARTNERS 1865 Palmer Ave., Suite 203; Larchmont, NY 10538 (914) 833-3000 | www.lmdevpartners.com The firm’s New York Affordable Housing Fund I, launched six years ago with Citi, fully realized its investments in 2016. |
Lisa Gomez, COO | 11,294 / 81 | NE, SC, W | For-profit |
| 26 (new) | LEDIC REALTY CO. 105 Tallapoosa St., Suite 300; Montgomery, AL 36014 (334) 954-4458 | www.ledic.com In 2016, LEDIC acquired a five-property portfolio with 660 units in Virginia. The properties are undergoing substantial rehabilitation. |
W. Daniel Hughes Jr., chairman | 11,170 / 75 | National | For-profit |
| 27 (24) | BRIDGE HOUSING CORP. 600 California St., Suite 900; San Francisco, CA 94108 (415) 989-1111 | www.bridgehousing.com The nonprofit completed 21 real estate closings, including construction and permanent financing, acquisitions, and sales, last year. |
Cynthia A. Parker, president and CEO | 10,900 / 104 | W | Nonprofit |
| 28 (26) | SILVER STREET DEVELOPMENT CORP. 33 Silver St., Suite 200; Portland, ME 04101 (207) 780-9800 | www.silver-street.net Silver Street more than doubled its LIHTC development activities from 2015 (with 226 units) to 2016 (with 497 units). |
Christopher Poulin, COO | 10,258 / 70 | National | For-profit |
| 29 (27) | THE COMMUNITY BUILDERS 185 Dartmouth St.; Boston, MA 02116 (617) 695-9595 | www.tcbinc.org TCB plans to start construction on three new projects and expand its work in existing markets this year. |
Bart Mitchell, president and CEO | 10,071 / 134 | MW, NE, SE | Nonprofit |
| 30 (34) | VITUS GROUP 1700 Seventh Ave., Suite 2000; Seattle, WA 98101 (206) 832-1315 | www.vitusgroup.com During 2016, Vitus completed a major IT migration, which has led to greater corporate efficiency. |
Stephen R. Whyte, managing director | 9,835 / 97 | MW, NE, SE, W | For-profit |
| 31 (36) | RELATED CALIFORNIA 18201 Von Karman Ave., Suite 900; Irvine, CA 92612 (949) 660-7272 | www.relatedcalifornia.com Related California expanded its presence in Los Angeles and San Francisco counties last year. |
Frank Cardone, president | 9,776 / 82 | W | For-profit |
| 32 (31) | THE HALLMARK COS. 3111 Paces Mill Road, Suite A-250; Atlanta, GA 30339 (770) 984-2100 | www.hallmarkco.com The firm plans to continue its preservation efforts, with an emphasis on providing energy retrofits, this year. |
Martin Petersen, president and CEO | 9,712 / 236 | SE | For-profit |
| 33 (37) | THE PACIFIC COS. 430 E. State St., Suite 100; Eagle, ID 83616 (208) 461-0022 | www.tpchousing.com The Pacific Cos. completed the disposition of its first tax credit project developed last year. |
Caleb Roope, president and CEO | 9,447 / 159 | W | For-profit |
| 34 (28) | MILLER-VALENTINE GROUP 9349 Waterstone Blvd.; Cincinnati, OH 45249 (513) 588-1000 | www.mvg.com The firm had a record year for affordable housing deal closings, with 14 in 2016. |
Brian McGeady, president, MV Affordable Housing Development | 9,341 / 101 | MW, SC, SE | For-profit |
| 35 (35) | PRESERVATION OF AFFORDABLE HOUSING 40 Court St., Suite 700; Boston, MA 02108 (617) 261-9898 | www.poah.org Celebrating its 15th anniversary in 2016, the nonprofit exceeded $1 billion in real estate asset value. |
Aaron Gornstein, president and CEO | 8,933 / 76 | MW, NE, SE | Nonprofit |
| 36 (29) | PICERNE REAL ESTATE GROUP 247 N. Westmonte Drive; Altamonte Springs, FL 32714 (407) 772-0200 | www.picernerealtygroup.com Picerne plans to acquire and rehab three developments with over 500 units this year. |
Robert M. Picerne, COO | 8,728 / 47 | National | For-profit |
| 37 (44) | SECURITY PROPERTIES 701 Fifth Ave., Suite 5700; Seattle, WA 98104 (206) 622-9900 | www.securityproperties.com Security Properties’ sale of legacy affordable properties last year has generated significant liquidity to make the firm stronger. |
Bryon Gongaware, managing director | 8,707 / 64 | National | For-profit |
| 38 (new) | CAPITAL REALTY GROUP 86 E. Route 59; Spring Valley, NY 10977 (845) 356-7773 | www.thecapitalrealty.com The firm entered six new states in 2016. |
Moshe Eichler and Sam Horowitz, principals | 8,583 / 61 | National | For-profit |
| 39 (40) | EDEN HOUSING 22645 Grand St.; Hayward, CA 94541 (510) 582-1460 | www.edenhousing.org Eden owns and manages properties in 15 counties and 49 cities, providing homes to more than 22,000 low-income Californians. |
Linda Mandolini, president | 8,553 / 128 | W | Nonprofit |
| 40 (42) | WALLICK COMMUNITIES 6880 Tussing Road; Reynoldsburg, OH 43068 (614) 552-5605 | www.wallick.com Wallick closed or began working on the acquisition of 23 projects consisting of 1,791 units last year. |
Tom Feusse, CEO | 8,104 / 112 | MW, NE, SC, SE | For-profit |
| 41 (new) | PEAK CAPITAL PARTNERS 4956 N. 300 W; Provo, UT 84604 (801) 341-0300 | www.peakcapitalpartners.com The firm’s goal for 2017 is to acquire more affordable and market-rate apartment communities. |
Jeff Danley, CEO | 7,884 / 54 | National | For-profit |
| 42 (new) | FITCH IRICK PARTNERS 1714 East Blvd.; Charlotte, NC 28203 (704) 335-9112 | www.flatirondevelopment.com Fitch Irick acquired GEM Management in 2016, making it one of the largest affordable housing firms in the Southeast. |
Hollis M. Fitch, CEO | 7,843 / 191 | SE | For-profit |
| 43 (41) | EAH HOUSING 2169 E. Francisco Blvd., Suite B; San Rafael, CA 94901 (415) 258-1800 | www.eahhousing.org EAH is strengthening its development efforts throughout California with the expansion of offices in Morgan Hill and Santa Monica. |
Mary Murtagh, president and CEO | 7,769 / 96 | W | Nonprofit |
| 44 (new) | WISCONSIN HOUSING PRESERVATION CORP. 2 E. Mifflin St., Suite 801; Madison, WI 53703 (608) 663-6390 | www.whpccorp.org The nonprofit preserves, provides, and protects affordable housing for low- and moderate-income residents of Wisconsin. |
Mary R. Wright, president | 7,381 / 148 | MW | Nonprofit |
| 45 (33) | LHP CAPITAL 900 S. Gay St., Suite 2000; Knoxville, TN 37902 (865) 549-7448 | www.lhp.net LHP, which has developed more than 11,400 units in its history, sold 13 properties with 2,413 units from its portfolio last year. |
W. Carr Hagan III, president, LHP Development | 7,273 / 54 | MW, NE, SC, SE | For-profit |
| 46 (43) | JAMBOREE HOUSING CORP. 17701 Cowan Ave., Suite 200; Irvine, CA 92614 (949) 263-8676 | www.jamboreehousing.com The nonprofit plans to increase its presence in the Inland Empire, Sacramento, and Northern California. |
Laura Archuleta, president | 7,217 / 81 | W | Nonprofit |
| 47 (new) | COLUMBIA RESIDENTIAL 1718 Peachtree St., N.W., Suite 684; Atlanta, GA 30309 (404) 419-1432 | www.columbiares.com Celebrating its 25th anniversary, the firm ramped up activity substantially to seven projects under construction by the end of 2016. |
Noel Khalil and Jim Grauley, principals | 7,009 / 56 | SC, SE | For-profit |
| 48 (45) | MIDPEN HOUSING CORP. 303 Vintage Park Drive, Suite 250; Foster City, CA 94404 (650) 356-2900 | www.midpen-housing.org The nonprofit is poised to complete construction on 414 affordable housing units by the end of the year. |
Matthew O. Franklin, president | 6,847 / 98 | W | Nonprofit |
| 49 (new) | AVANATH CAPITAL MANAGEMENT 17901 Von Karman Ave., Suite 150; Irvine, CA 92614 (949) 269-4700 | www.avanath.com Avanath acquired seven properties with 787 units in 2016. |
Daryl J. Carter, chairman and CEO | 6,591 / 42 | National | For-profit |
| 50 (46) | AHC 2230 N. Fairfax Drive; Arlington, VA 22201 (703) 486-0626 | www.ahcinc.org AHC completed two new-construction developments and one substantial-rehab project in 2016. |
Stephen Smith, senior vice president | 6,544 / 47 | NE, SE | Nonprofit |
Regions: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West
