Top 50 Affordable Housing Owners of 2024

Starwood Capital Group takes the No. 1 spot of having the most affordable housing units as of Jan. 1, 2025.

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RANK + COMPANY HEADQUARTERS EXECUTIVE CONTACT AFFORDABLE UNITS/PROJECTS OWNED (AS OF 1/1/25) ORG. TYPE RANK 2023
1. Starwood Capital GroupAtlanta, GAHays Meyer, Vice President, and Matt Smith, Managing Director52,844/265For-profit2
2. The Michaels OrganizationCamden, NJMark Morgan, CEO51,720/432For-profit1
3. DominiumDallas, TXMark Moorhouse, Co-CEO and Chief Development Officer43,199/229For-profit3
4. L+M Development Partners and AffiliatesNew York, NYSpencer Orkus, President, Development35,574/159For-profit4
5. Nuveen Real EstateNew York, NYNadir Settles, Managing Director, Global Head of Real Estate Impact Investing29,434/149For-profitnew
6. Standard CommunitiesLos Angeles, CAJeffrey Jaeger and Scott Alter, Co-Founders and Principals27,386/199For-profit15
7. Lincoln Avenue CommunitiesSanta Monica, CAJeremy Bronfman, CEO and Founder26,333/144For-profit8
8. Mercy HousingDenver, COIsmael Guerrero, President and CEO24,812/334Nonprofit7
9. Belveron-Conifer RealtySan Francisco, CAPaul T. Odland, Managing Partner24,630/261For-profit6
10. FairsteadNew York, NYJeffrey Goldberg, CEO22,639/166For-profit9
11. The Pacific Cos.Eagle, IDCaleb Roope, President and CEO22,321/282For-profit12
12. Capital Realty GroupSpring Valley, NYMoshe Eichler and Sam Horowitz, Principals21,689/172For-profitnew
13. Volunteers of America National ServicesAlexandria, VADejernette Beaty, Senior Vice President of Housing21,169/515Nonprofit10
14. National Church ResidencesColumbus, OHSusan DiMickele, President and CEO21,044/300Nonprofit11
15. LDG DevelopmentLouisville, KYChris Dischinger and Mark Lechner, Principals20,958/99For-profit13
16. Southport Financial ServicesTampa, FLScott Seckinger, Senior Vice President 20,615/219For-profit19
17. Kittle Property GroupIndianapolis, INJeffrey L. Kittle, President and CEO20,173/174For-profit16
18. LIHC Investment GroupFalmouth, MEMarci Booth, CEO and CFO19,995/95For-profit14
19. The NRP GroupCleveland, OHJ. David Heller, Principal, CEO, and Founder19,080/121For-profit18
20. Jonathan Rose Cos.New York, NYBrandon Kearse, Partner and Chief Investment Officer18,405/103For-profit17
21. Woda Cooper Cos.Columbus, OHDavid Cooper Jr., President, and Jeffrey J. Woda, Founder17,618/358For-profit22
22. TM AssociatesRockville, MDRobert B. Margolis, CEO17,052/400For-profit30
23. PennrosePhiladelphia, PACharlie Adams, President of Development15,744/216For-profit36
24. WinnCompaniesBoston, MALawrence H. Curtis, President and Managing Partner, WinnDevelopment15,519/118For-profit23
25. Gene B. Glick Co.Indianapolis, INDavid Barrett, President and CEO15,507/110For-profit24
26. Hudson Valley Property GroupNew York, NYJason Bordainick, Co-Founder and Managing Partner15,414/82For-profitnew
27. VitusSeattle, WAStephen Whyte, President and CEO15,341/119For-profit21
28. Avanath Capital ManagementIrvine, CADaryl Carter, Chairman and CEO14,987/98For-profit29
29. Beacon CommunitiesBoston, MADara Kovel, CEO14,365/136For-profit25
30. BRIDGE Housing Corp.San Francisco, CAKen Lombard, President and CEO13,791/134Nonprofit33
31. American Community DevelopersDetroit, MIGerald A. Krueger, President13,673/108For-profit26
32. Preservation of Affordable HousingBoston, MAAaron Gornstein, President and CEO12,980/138Nonprofit32
33. Enterprise Community DevelopmentBaltimore, MDJanine Lind, President12,897/118Nonprofit35
34. The NuRock Cos.Alpharetta, GARobert Hoskins, Managing Principal12,740/42For-profit39
35. McCormack Baron SalazarSt. Louis, MOVincent R. Bennett, President and CEO12,545/142For-profit28
36. Fitch Irick Corp.Charlotte, NCRobert Lampher, CEO12,411/268For-profit31
37. Community Preservation PartnersIrvine, CASeth Gellis, President11,806/87For-profit38
38. Camber Property GroupNew York, NYRick Gropper, Andrew Moelis, Karen Hu, and Daniel Norelli, Principals11,663/43For-profit48
39. Envolve CommunitiesMontgomery, ALDaniel Hughes, Chairman and CEO11,581/103For-profit34
40. Chelsea Investment Corp.Carlsbad, CACharles A. Schmid, CEO11,364/119For-profit41
41. USA Properties FundRoseville, CAGeoffrey Brown, President and CEO11,321/86For-profit43
42. The Community BuildersBoston, MABart Mitchell, President and CEO11,195/143Nonprofit37
43. Eden HousingHayward, CALinda Mandolini, CEO10,916/165Nonprofit40
44. Brinshore DevelopmentEvanston, ILDavid Brint and Richard Sciortino, Principals10,720/112For-profit44
45. National CORERancho Cucamonga, CAMichael M. Ruane, President10,210/118Nonprofit50
46. MidPen HousingFoster City, CAMatthew O. Franklin, President and CEO9,912/138Nonprofitnew
47. The Arker Cos.Roslyn, NYDaniel Moritz, Principal9,900/51For-profit45
48. Pivotal Housing PartnersLiberty Township, OHBrian McGeady and Michael Riechman, Managing Partners9,741/150For-profit49
49. Steele PropertiesDenver, CODavid Asarch, Principal9,250/93For-profitnew
50. The NHP FoundationNew York, NYEric Price, President and CEO9,202/59Nonprofit47

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