2009 NAHMA Affordable 100: how many housing units that receive at least one form of federal subsidy are currently rented or available for rent in the United States? The annual NAHMA Affordable 100 list provides this important data.The National Affordable Housing Management Association (NAHMA NAHMA National Affordable Housing Management Association ) Affordable 100 comprises the largest affordable multifamily property management companies, ranked by affordable unit counts. The NAHMA Affordable 100 list contributes vital data to the ongoing national dialogue on the future of federal funding for affordable housing. In an effort to accurately determine the portfolio of affordable units receiving federal subsidy subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the public welfare. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , NAHMA publishes this annual listing of affordable units containing at least one of the following federal subsidies: * HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. Project-based Assistance
* Section 42 LIHTC LIHTC Low-Income Housing Tax Credit (program) * HOME funds * USDA USDA, n.pr See United States Department of Agriculture. Section 515 * Bonds NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily rental RENTAL. A roll or list of the rents of an estate containing the description of the lands let, the names of the tenants, and other particulars connected with such estate. This is the same as rent roll, from which it is said to be corrupted. property managers and owners whose mission is to provide quality affordable homing. NAHMA supports legislative and regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. policy that promotes the development and preservation of decent and safe affordable multifamily housing. NAHMA serves as a vital resource for technical education and information, fosters strategic relations between government and industry and recognizes those who exemplify ex·em·pli·fy tr.v. ex·em·pli·fied, ex·em·pli·fy·ing, ex·em·pli·fies 1. a. To illustrate by example: exemplify an argument. b. the best in affordable housing. Benefits of NAHMA's Affordable 100 list include: * It sets a foundation for annually identifying an accurate count of available affordable units by a credible, national organization. * It provides valuable historical information to advocate advocate: see attorney. on behalf of developers, owners, managers and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , the residents who rely on federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve . * It aids in convincing federal departments and agencies to cooperate, and in working together, to assist in the preservation of affordable housing and the creation of improved housing policy. * It ensures a continued subsidy stream based on actual need demonstrated by data.
2009 NAHMA AFFORDABLE 100
RANK / MANAGEMENT COMPANY HEADQUARTERS
(2008 rank show in parentheses)
1 Riverstone Residential Group (2)# Dallas, TX#
2 Pinnacle * (13)# Seattle, WA#
3 Interstate Realty Management * (1)# Marlton, NJ#
4 Concord Management Ltd. (4)# Maitland, FL#
5 WinnResidential * (5)# Boston, MA#
6 AIMCO Capital * (3) Denver, CO
7 Related Management Company L.P. (10)# New York, NY#
8 The John Stewart Company (11)# San Francisco, CA#
9 Edgewood Management * (12)# Silver Spring, MD#
10 National Church Residences * (7)# Columbus, OH#
11 Capstone Real Estate Services Inc. (6)# Austin, TX#
12 Ambling Management Company (8)# Atlanta, GA#
13 McConnack Baron Ragan Management
Services (16) St. Louis, MO
14 Wingate Management Company (17) Atlanta, GA
15 Volunteers of America (15)# Alexandria, VA#
16 Lane Company (14)# Atlanta, GA#
17 FPI Multifamily (50)# Folsom, CA#
18 Mercy Housing, Inc. (48)# Denver, CO#
19 Grenadier Realty Corp. (22)# Brooklyn, NY#
20 KMG Prestige (18) Mt. Pleasant, MI
21 Cornerstone Residential
Management (19) Lake Worth, FL
22 Royal American Management (25)# Panama City, FL#
23 Summit Housing Partners * # Montgomery, AL#
24 Picerne Real Estate Group (33)# Phoenix, AZ#
25 SPM, Inc. (20)# Birmingham, AL#
26 Boyd Management (21)# Columbia, SC#
27 Dominium Management Services (23) Plymouth, MN
28 Orion Real Estate Services (27) Houston, TX
29 Retirement Housing Foundation# Long Beach County, CA#
30 Lincoln Property Company (28) Dallas, TX
31 Calex Realty Group, Inc. (30) Jacksonville, FL
32 Gene B. Glick Company Inc. (24)# Indianapolis, IN#
33 Archstone-Smith (32) Englewood, CO
34 Wallick-Hendy Companies (53)# Reynoldsburg, OH#
35 SL Nusbaum Realty Co. (34) Norfolk, VA
36 Coldwater Management LLC (35) Sherman Oaks, CA
37 Maco Management Company Inc. (36) Clarkton, MO
38 The Yarco Companies (31) Kansas City, MO
39 Pedcor Management Corp. (38) Carmel, IN
40 F&W Management * (39) Roanoke, VA
41 Community Management Corporation * (60)# Winston-Salem, NC#
42 Professional Property Management LLC# Rockford, IL#
43 Village Property Management (42) Irvine, CA
44 Alpha-Barnes Real Estate Services (43) Dallas, TX
45 Forest City Residential Management (40)# Cleveland, OH#
46 Conifer Realty (54)# Rochester, NY#
47 The Community Builders * (44) Boston, MA
48 Multifamily Management Services# Suffern, NY#
49 USA Properties Fund Inc. (45) Roseville, CA
50 ConAm Management Corporation (92)# San Diego, CA#
51 Fairfield Residential (41)# Grand Prairie, TX#
52 Partnership Property Management (46) Greensboro, NC
53 Pacific West Management (51) Irvine, CA
54 HSC Real Estate (47) Seattle, WA
55 NDC Real Estate Management Inc. (49)# Pittsburgh, PA#
56 Sun Belt Management Company (52) Albertville, AL
57 G & K Management Co. Inc. (55)# Culver City, CA#
58 Ledic Management Group (57) Memphis, TN
59 Peabody Properties Inc. * (73)# Braintree, MA#
60 RY Management (61) New York, NY
61 Cascade Management aka Kellenbeck (79)# Grants Pass, OR#
62 Flaherty & Collins Properties (81)# Indianapolis, IN#
63 Kettler Management# McLean, VA#
64 IMS Properties (58) Fenton, MI
65 Equity Management Inc. (62) Laurel, MD
66 Continental Wingate (63) Needham, MA
67 ALCO Management * (70)# Memphis, TN#
68 GEM Management (64)# Charlotte, NC#
69 Medallion Management Inc. (65) Kalamazoo, MI
70 Cohen Esrey Real Estate
Services, Inc. (66) Kansas City, MO
71 Metroplex Inc. (67) Chicago, IL
72 SHP Management Corp. (68) Cumberland Foreside, ME
73 Oakbrook Corporation (59) Madison, WI
74 Summit America (69) Montgomery, AL
75 Midwest Management (72) Milford, MI
76 Fourmidable Group (74) Bingham Farms, MI
77 Lenzy Hayes (75) Bloomington, IN
78 Mid-Peninsula Housing Management (76) Foster City, CA
79 Preservation Management Inc. (77) South Portland, ME
80 Beacon Communities LLC (78) Boston, MA
81 CSI Support & Development Services (86)# Warren, MI#
82 The Pam Companies (91) Lodi, CA
83 Millennia Housing Management LTD (82)# Valley View, OH#
84 Naimisha Management Inc. (80) Palm Beach Gardens, FL
85 The Hallmark Companies (56)# Atlanta, GA#
86 Ingerman Group (84) Cherry Hill, NJ
87 HJ Russell & Company * (85)# Atlanta, GA#
88 Alpha Property Management Inc. (87) Los Angeles, CA
89 The Shelter Group (88) Baltimore, MD
90 Pacificap Management Inc. (89) Portland, OR
91 Urban Inc. (90) Greenwood Village, CO
92 Corcoran Jennison Management * (26)# Quinsy, MA#
93 Quantum Management Services Inc.# Lynnwood, WA#
94 Shelter Properties LLC# Baltimore, MD#
95 American Community Properties Trust (93) St. Charles, MD
96 Westminster Company * (95) Greensboro, NC
97 Brackenhoff Management Group Inc. (96) Carson, CA
98 Landura Companies (98) Winston-Salem, NC
99 Arco Management Corporation# Suffern, NY#
100 Tesco Properties Inc. * (99)# Germantown, TN#
TOTAL NUMBER OF UNITS
RANK / MANAGEMENT COMPANY SUBSI- RESI-
(2008 rank show in parentheses) DIZED (1) DENTIAL (2)
1 Riverstone Residential Group (2)# 61,535# 181,928#
2 Pinnacle * (13)# 59,895# 171,869#
3 Interstate Realty Management * (1)# 32,668# 36,989#
4 Concord Management Ltd. (4)# 30,794# 31,544#
5 WinnResidential * (5)# 26,783# 72,727#
6 AIMCO Capital * (3) 25,000 154,987
7 Related Management Company L.P. (10)# 21,927# 27,065#
8 The John Stewart Company (11)# 21,549# 29,090#
9 Edgewood Management * (12)# 21,587# 26,143#
10 National Church Residences * (7)# 21,465# 22,505#
11 Capstone Real Estate Services Inc. (6)# 20,940# 49,541#
12 Ambling Management Company (8)# 18,485# 25,679#
13 McConnack Baron Ragan Management
Services (16) 15,500 16,598
14 Wingate Management Company (17) 15,000 15,000
15 Volunteers of America (15)# 14,930# 15,337#
16 Lane Company (14)# 14,691# 25,130#
17 FPI Multifamily (50)# 14,361# 56,000#
18 Mercy Housing, Inc. (48)# 14,237# 15,041#
19 Grenadier Realty Corp. (22)# 13,361# 20,878#
20 KMG Prestige (18) 13,319 14,792
21 Cornerstone Residential
Management (19) 13,247 15,000
22 Royal American Management (25)# 13,179# 16,354#
23 Summit Housing Partners * # 12,835# 12,835#
24 Picerne Real Estate Group (33)# 12,772# 13,268#
25 SPM, Inc. (20)# 12,696# 15,112#
26 Boyd Management (21)# 11,868# 12,444#
27 Dominium Management Services (23) 11,842 16,200
28 Orion Real Estate Services (27) 11,417 16,428
29 Retirement Housing Foundation# 11,302# 15,014#
30 Lincoln Property Company (28) 11,200 130,265
31 Calex Realty Group, Inc. (30) 11,162 12,587
32 Gene B. Glick Company Inc. (24)# 11,049# 17,327#
33 Archstone-Smith (32) 11,000 87,667
34 Wallick-Hendy Companies (53)# 10,567# 11,473#
35 SL Nusbaum Realty Co. (34) 10,391 17,581
36 Coldwater Management LLC (35) 9,979 11,628
37 Maco Management Company Inc. (36) 9,916 12,000
38 The Yarco Companies (31) 9,911 11,669
39 Pedcor Management Corp. (38) 9,500 13,666
40 F&W Management * (39) 9,500 12,000
41 Community Management Corporation * (60)# 9,443# 9,467#
42 Professional Property Management LLC# 9,011# 9,395#
43 Village Property Management (42) 9,000 9,000
44 Alpha-Barnes Real Estate Services (43) 8,800 11,000
45 Forest City Residential Management (40)# 8,739# 31,739#
46 Conifer Realty (54)# 8,662# 9,722#
47 The Community Builders * (44) 8,571 9,543
48 Multifamily Management Services# 8,534# 37,481#
49 USA Properties Fund Inc. (45) 8,500 8,500
50 ConAm Management Corporation (92)# 8,149# 42,654#
51 Fairfield Residential (41)# 8,148# 52,346#
52 Partnership Property Management (46) 8,034 8,034
53 Pacific West Management (51) 8,000 22,000
54 HSC Real Estate (47) 8,000 32,098
55 NDC Real Estate Management Inc. (49)# 7,926# 9,870#
56 Sun Belt Management Company (52) 7,400 7,400
57 G & K Management Co. Inc. (55)# 7,118# 15,083#
58 Ledic Management Group (57) 7,000 26,132
59 Peabody Properties Inc. * (73)# 6,927# 8,650#
60 RY Management (61) 6,750 15,000
61 Cascade Management aka Kellenbeck (79)# 6,729# 6,729#
62 Flaherty & Collins Properties (81)# 6,721# 12,479#
63 Kettler Management# 6,692# 14,500#
64 IMS Properties (58) 6,527 7,700
65 Equity Management Inc. (62) 6,500 10,000
66 Continental Wingate (63) 6,429 11,375
67 ALCO Management * (70)# 6,407# 7,970#
68 GEM Management (64)# 6,300# 7,200#
69 Medallion Management Inc. (65) 6,220 6,376
70 Cohen Esrey Real Estate
Services, Inc. (66) 6,129 11,581
71 Metroplex Inc. (67) 6,081 6,893
72 SHP Management Corp. (68) 6,037 6,700
73 Oakbrook Corporation (59) 6,000 8,000
74 Summit America (69) 6,000 6,000
75 Midwest Management (72) 6,000 16,540
76 Fourmidable Group (74) 6,000 7,000
77 Lenzy Hayes (75) 6,000 6,000
78 Mid-Peninsula Housing Management (76) 6,000 6,000
79 Preservation Management Inc. (77) 6,000 6,000
80 Beacon Communities LLC (78) 5,815 7,716
81 CSI Support & Development Services (86)# 5,712# 5,712#
82 The Pam Companies (91) 5,700 5,700
83 Millennia Housing Management LTD (82)# 5,640# 5,806#
84 Naimisha Management Inc. (80) 5,602 6,502
85 The Hallmark Companies (56)# 5,421 6,958
86 Ingerman Group (84) 5,401 7,400
87 HJ Russell & Company * (85)# 5,400# 5,600#
88 Alpha Property Management Inc. (87) 5,329 5,329
89 The Shelter Group (88) 5,294 5,294
90 Pacificap Management Inc. (89) 5,274 5,248
91 Urban Inc. (90) 5,200 6,000
92 Corcoran Jennison Management * (26)# 5,198# 7,691#
93 Quantum Management Services Inc.# 5,053# 5,381#
94 Shelter Properties LLC# 5,002# 5,127#
95 American Community Properties Trust (93) 5,000 8,000
96 Westminster Company * (95) 5,000 5,000
97 Brackenhoff Management Group Inc. (96) 4,932 6,216
98 Landura Companies (98) 4,924 4,924
99 Arco Management Corporation# 4,814# 33,067#
100 Tesco Properties Inc. * (99)# 4,674# 5,754#
Companies in bold provided data for
NAHMA's survey; All others are based
on industry estimates.
* A NAHMA Communities of Quality National
Recognition Program Participant
(1) and (2) All unit data represents only units
directly managed (not owned) that were rented
or available to rent on Dec. 1, 2008. Down
units, abated units, units under construction
or rehabbing units not available for rent are
not included.
(1) Total affordable units managed, Federal
programs only, including HUT), LIHTC, USDA,
HOME and Bond programs, Data does not
include state or local subsidy, public housing,
tenant-based vouchers (Section 8 or RD tenant-protection
vouchers) or federal mortgage insurance
or loan guarantee programs. If a unit has
more than one subsidy, R is counted only once,
(2) Total residential units managed (including
market or affordable).
Note: Companies in bold provided data for
NAHMA's survey is indicated with #.
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion