| RANK (VS. 2013) | COMPANY INFO | EXECUTIVE CONTACT | AFFORDABLE UNITS PROJECTS OWNED | REGION(S) | ORG. TYPE | Company Fact |
|---|---|---|---|---|---|---|
| 1 (1) | THE MICHAELS ORGANIZATION 3 E. Stow Road, Suite 100; P.O. Box 994; Marlton, NJ 08053 (856) 596-3008 | www.themichaelsorg.com | John O’Donnell, president | 46,662 367 | National | For-profit | The Michaels Organization, which owns 367 affordable housing developments with 46,662 units, is the top owner based on the number of affordable housing units owned as of Jan. 1. |
| 2 (7) | VOLUNTEERS OF AMERICA 1660 Duke St.; Alexandria, VA 22314 (703) 341-5095 | www.voa.org | Patrick Sheridan, senior vice president of housing development | 19,426 484 | National | Nonprofit | In 2014, the majority of developments taken on by the nonprofit were preservation projects while about 40% were new construction. |
| 3 (4) | GHC HOUSING PARTNERS 15301 Ventura Blvd., Suite 570; Sherman Oaks, CA 91403 (818) 808-0600 | www.ghchousing.com | Monique Lawshe, senior vice president | 19,346 170 | National | For-profit | In 2014, GHC purchased senior housing developments from two different long-term nonprofits and worked to ensure the properties’ affordability for residents. |
| 4 (6) | MERCY HOUSING 1999 Broadway, Suite 1000; Denver, CO 80202 (303) 830-3300 | www.mercyhousing.org | Jane Graf, president and CEO | 18,273 281 | National | Nonprofit | Mercy launched a preservation initiative to acquire, in the next five years, 35 multifamily assets that are close to job centers and or public transportation. |
| 5 (8) | NATIONAL CHURCH RESIDENCES 2335 N. Bank Drive; Columbus, OH 43220 (800) 388-2151 | www.ncr.org | Michelle Norris, president, National Church Residences Development Corp. | 17,874 262 | National | Nonprofit | The nonprofit owns affordable seniors housing in 28 states and Puerto Rico. |
| 6 (5) | DOMINIUM 2905 Northwest Blvd., Suite 150; Plymouth, MN 55441 (763) 354-5500 | www.dominiumapartments.com | Paul Sween and Armand Brachman, managing partners | 17,773 168 | MW, SC, SE, W | For-profit | In recent years, the firm has completed a number of historic adaptive-reuse projects targeted to artists. |
| 7 (3) | CASCADE AFFORDABLE HOUSING 2801 Alaska Way, Suite 200; Seattle, WA 98052 (206) 215-9700 | www.pinnacleliving.com | Stewart Hill, director of partner relations | 15,334 83 | National | For-profit | Cascade was known as Pinnacle Family of Cos. on last year’s Top 50 owners list. |
| 8 (10) | HUNT COS. 4401 N. Mesa St.; El Paso, TX 79902 (915) 533-1122 | www.huntcompanies.com | Chris Hunt, CEO | 14,933 89 | National | For-profit | In addition to being an owner, Hunt LEDIC Management Affiliates manages more than 24,000 affordable units for third-party clients. |
| 9 (9) | HIGHRIDGE COSTA COS. 330 W. Victoria St.; Gardena, CA 90248 (424) 258-2800 | www.housingpartners.com | Michael Costa, president and CEO | 14,192 139 | W | For-profit | The company completed three acquisition-rehab projects and acquired an additional three affordable communities in 2014. |
| 10 (new) | SOUTHPORT FINANCIAL SERVICES 1911 65th Ave. W.; Tacoma, WA 98466 (727) 669-3660 | N/A | Michael Molinari, vice president | 14,118 155 | National | For-profit | In the firm’s history, it has developed 122 developments with 11,382 affordable units. |
| 11 (11) | McCORMACK BARON SALAZAR 720 Olive St., Suite 2500; St. Louis, MO 63101 (314) 621-3400 | www.mccormackbaron.com | Kevin J. McCormack, president | 13,563 123 | National | For-profit | The company, which specializes in revitalizing distressed urban neighborhoods, plans to explore more housing opportunities for those earning in the 60% to 120% area median income range. |
| 12 (15) | WINNCOMPANIES 6 Faneuil Hall Marketplace; Boston, MA 02109 (617) 239-4554 | www.winnco.com | Adam Stein, senior vice president, WinnDevelopment | 13,148 89 | NE, SC, SE, W | For-profit | 2014 was a major pipeline development year for Winn, which is expected to result in about 1,500 preservation starts and 225 affordable construction starts this year. |
| 13 (13) | CONIFER REALTY 1000 University Ave., Suite 500; Rochester, NY 14607 (585) 324-0571 | www.coniferllc.com | Andrew I. Crossed, executive vice president | 13,021 203 | MW, NE | For-profit | Conifer relocated and expanded its headquarters to an historic industrial building that provides new, efficient, and innovative work space. |
| 14 (12) | RETIREMENT HOUSING FOUNDATION 911 N. Studebaker Road; Long Beach, CA 90815 (562) 257-5100 | www.rhf.org | Laverne R. Joseph, president and CEO | 12,911 149 | National | Nonprofit | Specializing in affordable senior and family housing, RHF opened two communities last year. |
| 15 (14) | THE NRP GROUP 5309 Transportation Blvd.; Cleveland, OH 44125 (216) 475-8900 | www.nrpgroup.com | J. David Heller and T. Richard Bailey, partners | 11,964 114 | National | For-profit | NRP reorganized its property management team in 2014, with the addition of experienced senior level operational and marketing employees. |
| 16 (24) | THE MILLENNIA COS. 8111 Rockside Road; Cleveland, OH 44125 (216) 520-1250 | www.mhmtld.com | Frank Sinito, president | 11,628 126 | MW, NE, SC, SE | For-profit | The firm plans to accelerate acquisition, staff development, and revenue over the coming year. |
| 17 (16) | AMERICAN COMMJNITY DEVELOPERS 2050 Harper Ave.; Detroit, MI 48225 (313) 881-8150 | www.acdmail.com | Gerald A. Krueger, president | 11,490 84 | MW, NE, SC, SE | For-profit | The company acquired two affordable housing developments in 2014 and plans to acquire two more this year. |
| 18 (22) | PENNROSE PROPERTIES 1301 N. 31st St.; Philadelphia, PA 19121 (267) 386-8600 | www.pennrose.com | Mark H. Dambly, president | 11,224 186 | MW, NE, SE | For-profit | In 2014, Pennrose completed a landmark housing credit development aimed at LGBT seniors in Philadelphia. |
| 19 (17) | BEACON COMMUNITIES 2 Center Plaza, Suite 700; Boston, MA 02108 (617) 574-1100 | www.beaconcommunitiesllc.com | Pamela Goodman, CEO | 11,200 85 | National | For-profit | In addition to starting construction on a new housing tax credit development, Beaon commenced rehab on 750 apartments last year. |
| 20 (20) | BRIDGE HOUSING CORP. 600 California St., Suite 900; San Francisco, CA 94108 (415) 989-1111 | www.bridgehousing.com | Cynthia A. Parker, president and CEO | 11,193 101 | W | Nonprofit | BRIDGE completed the acquisition of 900 units in 2014. |
| 21 (18) | THE HALLMARK COS. 3111 Paces Mill Road, Suite A-250; Atlanta, GA 30339 (770) 984-2100 N A | Martin Petersen, president and CEO | 11,089 236 | SE | For-profit | The firm hired construction management personnel to better manage projects once they are closed and under construction. |
| 22 (21) | USA PROPERTIES FUND 3200 Douglas Blvd., Suite 200; Roseville, CA 95661 (916) 773-6060 | www.usapropfund.com | Geoffrey C. Brown, president | 10,038 81 | W | For-profit | USA Properties is working on two programs to bring health care to its senior housing properties. |
| 23 (37) | GENE B. GLICK CO. 8425 Woodfield Crossing Blvd., Suite 300W; Indianapolis, IN 46240 (317) 469-0400 | www.genebglick.com | David O. Barrett, president and CEO | 9,892 88 | MW, NE, SC, SE | For-profit | The firm hopes to add approximately 800 units to its portfolio this year. |
| 24 (19) | SILVER STREET DEVELOPMENT CORP. 33 Silver St., Suite 300; Portland, ME 04101 (207) 780-9800 | www.silver-street.net | Christopher Poulin, COO | 9,648 68 | National | For-profit | Silver Street recently completed the renovation of 204 units in two properties in Virginia. |
| 25 (29) | HERMAN & KITTLE PROPERTIES 500 E. 96th St., Suite 300; Indianapolis, IN 46240 (317) 805-1980 | www.hermankittle.com | Jeffrey Kittle, president and CEO | 9,622 80 | National | For-profit | The firm worked to do second and third deals in market areas where it had an initial toehold. |
| 26 (25) | AMBLING MANAGEMENT CO. 110 Ministry Drive, Suite D; Irmo, SC 29063 (229) 244-2800 | www.ambling.com | Kimberly A. Barkwell, president | 9,491 83 | National | For-profit | Ambling manages approximately 11,700 affordable housing units. |
| 27 (27) | THE COMMUNITY BUILDERS 95 Berkeley St., Suite 500; Boston, MA 02116 (617) 695-9595 | www.tcbinc.org | Bart Mitchell, president and CEO | 9,444 111 | MW, NE, SE | Nonprofit | TCB recently developed and implemented a new tool to assess real estate investment decisions. |
| 28 (26) | MILLER-VALENTINE GROUP 9349 Waterstone Blvd.; Cincinnati, OH 45249 (513) 588-1000 | www.mvg.com | Brian McGeady, president, MV Affordable Housing Development | 9,380 105 | MW, NE, SC, SE | For-profit | The firm completed construction on its first Oklahoma and Texas developments in 2014. |
| 29 (new) | L+M DEVELOPMENT PARTNERS 1865 Palmer Ave., Suite 203; Larchmont, NY 10538 (914) 833-3000 | www.lmdevpartners.com | Ron Moelis, CEO | 9,202 69 | NE, SC, W | For-profit | L+M recently announced a new organizational structure to support the company’s large growth. |
| 30 (31) | THE WODA GROUP 229 Huber Village Blvd., Suite 100; Westerville, OH 43081 (614) 396-3200 | www.wodagroup.com | Jeffrey Woda and David Cooper Jr., principals | 9,097 223 | MW, NE, SE | For-profit | The equity raised by the firm since its inception has exceeded $1.5 billion. |
| 31 (23) | PICERNE REAL ESTATE GROUP 247 N. Westmonte Drive; Altamonte Springs, FL 32714 (407) 772-0200 | www.picernerealtygroup.com | Robert M. Picerne, COO | 9,043 63 | National | For-profit | The firm plans to focus on seniors housing in select markets to respond to upcoming demographic changes. |
| 32 (33) | LAWLER WOOD HOUSING PARTNERS 900 S. Gay St., Suite 2000; Knoxville, TN 37902 (865) 244-4300 | www.lawlerwoodhousing.com | Phillip O. Lawson, president and CEO | 8,922 63 | MW, NE, SC, SE | For-profit | Lawler Wood completed eight affordable housing transactions in 2014. |
| 33 (36) | VITUS GROUP 1700 Seventh Ave., Suite 2000; Seattle, WA 98101 (206) 832-1315 | www.vitusgroup.com | Stephen R. Whyte, managing director | 8,736 94 | National | For-profit | Vitus continued to expand its East Coast presence in 2014 with the conversion of a former school into housing in New Britain, Conn. |
| 34 (28) | PRESERVATION OF AFFORDABLE HOUSING 40 Court St., Suite 700; Boston, MA 02108 (617) 261-9898 | www.poah.org | Amy S. Anthony, president and CEO | 8,520 78 | MW, NE, SC, SE | Nonprofit | POAH focuses on the preservation of at-risk multifamily housing to ensure their stewardship and affordability for the long term. |
| 35 (30) | RELATED CALIFORNIA 18201 Von Karman Ave., Suite 900; Irvine, CA 92612 (949) 660-7272 | www.relatedcalifornia.com | Frank Cardone, president of Related California Affordable | 8,399 64 | W | For-profit | In addition to starting 445 affordable housing units, Related California acquired 475 units last year. |
| 36 (35) | OMNI NEW YORK 885 Second Ave., 31st Floor; New York, NY 10017 (646) 502-7192 | www.onyllc.com | Megan Thomas, executive vice president and COO | 7,994 35 | NE, W | For-profit | Omni recently completed the rehabilitation of Longwood Residences, a 361-unit property in the Bronx, N.Y. |
| 37 (38) | THE PACIFIC COS. 430 E. State St., Suite 100; Eagle, ID 83616 (208) 461-0022 | www.tpchousing.com | Caleb Roope, president and CEO | 7,901 141 | W | For-profit | The firm started 937 affordable and market-rate units in 2014, the largest number in company history. |
| 38 (32) | NATIONAL COMMUNITY RENAISSANCE 9421 Haven Ave.; Rancho Cucamonga, CA 91730 (909) 483-2444 | www.nationalcore.org | Steve PonTell, president and CEO | 7,810 83 | National | Nonprofit | The company completed construction on three new developments with 143 units in 2014. |
| 39 (40) | T.M. ASSOCIATES MANAGEMENT 15825 Shady Grove Road, Suite 55; Rockville, MD 20850 (301) 365-9314 | www.tmamgroup.com | Robert B. Margolis, CEO | 7,226 159 | NE, SE | For-profit | T.M. Associates is seeking to expand its third-party management portfolio. |
| 40 (39) | WALLICK COMMUNITIES 6880 Tussing Road; Reynoldsburg, OH 43068 (614) 552-5605 | www.wallick.com | Tom Feusse, CEO | 6,888 95 | MW | For-profit | In 2014, Wallick started preservation work on 1,493 units. |
| 41 (43) | JAMBOREE HOUSING CORP. 17701 Cowan Ave., Suite 200; Irvine, CA 92614 (949) 263-8676 | www.jamboreehousing.com | Laura Archuleta, president | 6,692 70 | W | Nonprofit | Jamboree is working to make common areas more accessible to the neighborhood and not just residents, making them true community centers. |
| 42 (42) | EAH HOUSING 2169 E. Francisco Blvd., Suite B; San Rafael, CA 94901 (415) 258-1800 | www.eahhousing.org | Mary Murtagh, president and CEO | 6,638 73 | W | Nonprofit | EAH completed the substantial rehabilitation of 196 units in two developments last year. |
| 43 (45) | COLUMBIA RESIDENTIAL 1718 Peachtree St., N.W., Suite 684; Atlanta, GA 30309 (404) 874-5000 | www.columbiares.com | Noel Khalil and Jim Grauley, principals | 6,463 53 | SC, SE | For-profit | The firm’s new Columbia Ventures focuses on urban mixed-use and predominantly market-rate housing developments. |
| 44 (44) | MIDPEN HOUSING CORP. 303 Vintage Park Drive, Suite 250; Foster City, CA 94404 (650) 356-2900 | www.midpen-housing.org | Matthew O. Franklin, president | 6,357 87 | W | Nonprofit | MidPen’s portfolio consists of approximately 68% family developments, 22% seniors housing, 5% special-needs housing, and 5% SROS. |
| 45 (new) | CAPITAL REALTY GROUP 86 Route 59 East; Spring Valley, NY 10977 (845) 694-7074 | www.thecapitalrealty.com | Max Kaufman, director of development | 6,190 44 | National | For-profit | More than 90% of the firm’s portfolio is project-based Sec. 8 housing. |
| 46 (new) | EDEN HOUSING 22645 Grand St.; Hayward, CA 94541 (510) 582-1460 | www.edenhousing.org | Linda Mandolini, president | 6,131 85 | W | Nonprofit | Eden partnered with South County Housing to begin transitioning the latter’s entire rental portfolio, about 1,500 units, to a jointly sponsored new ownership entity, Eden South County. |
| 47 (new) | CSI SUPPORT AND DEVELOPMENT SERVICES 8425 E. Twelve Mile Road; Warren, MI 48093 (586) 753-9002 | www.csi.coop | Nancy Evans, general manager | 6,058 58 | National | Nonprofit | In 2014, CSI opened two new HUD PRAC buildings in Maryland and Michigan. |
| 48 (46) | THE NHP FOUNDATION 122 E. 42nd St., Suite 3500; New York, NY 10168 (646) 336-4940 | www.nhpfoundation.org | Thomas G. Vaccaro, senior vice president and secretary | 5,996 31 | MW, NE, SC, SE | Nonprofit | The nonprofit strengthened its management team by adding new staff, expanding its board, and investing in leadership development. |
| 49 (49) | PINNACLE HOUSING GROUP 9400 S. Dadeland Blvd., Suite 100; Miami, FL 33156 (305) 854-7100 | www.pinnaclehousing.com | David Deutch, partner | 5,990 40 | SC, SE | For-profit | In 2014, Pinnacle secured a housing credit allocation for a Rental Assistance Demonstration program conversion in Florida. |
| 50 (new) | AHC 2240 Fairfax Drive; Arlington, VA 22201 (571) 236-5957 | www.ahcinc.org | Stephen Smith, senior vice president | 5,966 43 | NE, SE | Nonprofit | AHC partnered with the Housing Partnership Equity Trust to acquire a 228-unit mixed-income property in Montgomery County, Md. |
Top 50 Affordable Housing Owners of 2014
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