RANK
(VS. 2013)
COMPANY INFO EXECUTIVE CONTACT AFFORDABLE UNITS
PROJECTS OWNED
REGION(S) ORG. TYPE Company Fact
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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.
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(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.
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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.
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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.
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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.
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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.
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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.
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(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.
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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.
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(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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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
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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
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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.
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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.
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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
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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.