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2015 NAHMA Affordable 100.

How many housing units receive at least one form of federal subsidy in the United States today? The annual NAHMA Affordable 100 list provides this important data!

THE NAHMA AFFORDABLE 100 comprises the largest affordable multifamily property management companies, ranked by subsidized 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 units receiving federal subsidy In the United States, NAHMA publishes this annual listing of affordable units containing at least one of the following federal subsidies:

* HUD Project-based Assistance

* Section 42 LIHTC

* HOME funds

* USDA Section 515

* Bonds

The National Affordable Housing Management Association (NAHMA) Is the leading voice for affordable housing management, advocating on behalf of multifamily rental property managers and owners whose mission Is to provide quality affordable housing.

NAHMA supports legislative and regulatory policy that promotes the development and preservation of decent and safe multifamily affordable housing. NAHMA serves as a vital resource for technical education and Information, fosters strategic relations between government and Industry, and recognizes those who exemplify the best in affordable housing.
                                                  TOTAL NUMBER OF UNITS
RANK / MANAGEMENT COMPANY
(2014 rank shown                               SUBSIDIZED    RESIDENTIAL
in parentheses)              HEADQUARTERS          (1)           (2)

1     WinnResidential        Boston, MA          46,853        96,761
      (1) *

2     Interstate Realty      Marlton, NJ         31,672        37,628
      Management Company
      (2) *

3     FPI Management Inc.    Folsom, CA          31,005        75,634
      (3)

4     LEDIC Management       Memphis, TN         27,635        39,299
      Group, LLC (7)

5     The John Stewart       San Francisco,      26,890        32,883
      Company (5)            CA

6     Edgewood Management    Germantown, MD      25,826        28,717
      Corporation (8) *

7     American Management
      Services (Pinnacle)    Seattle, WA         25,000        83,000
      (6)

8     National Church        Columbus, OH        21,223        22,294
      Residences (9) *

9     Capstone Real Estate   Austin, TX          20,992        34,360
      Services, Inc. (13)

10    Orion Real Estate      Houston, TX         19,798        28,214
      Services, Inc. (10)

11    ConAm Management       San Diego, CA       19,368        47,787
      Corporation (12) *

12    Volunteers of          Alexandria, VA      19,133        19,522
      America (15) *

13    KMG Prestige (14)      Mt.                 18,372        20,067
                             Pleasant, MI

14    Mercy Housing          Denver, CO          18,179        18,797
      (17) *

15    Dominium (11) *        Plymouth, MN        17,459        20,434

16    McCormack Baron        St. Louis, MO       16,717        20,715
      Management (24)

17    Royal American         Panama              16,007        17,617
      Management, Inc.       City, FL
      (19) *

18    UAH Property           Dallas, TX          15,143        16,096
      Management, L.P.
      (23)

19    Grenadier Realty       Brooklyn, NY        14,265        21,887
      Corp. (20)

20    The Cornerstone        Hollywood, FL       14,164        14,164
      Group (21)

21    BSR Trust, LLC (30)    Little Rock, AR     13,834        19,468
      *

22    Retirement Housing     Long Beach, CA      13,102        17,319
      Foundation (25)

23    Related Management     New York, NY        13,000        52,000
      (16)

24    Conifer Realty, LLC    Rochester, NY       12,642        13,837
      (35)

25    Wallick Communities    Reynoldsburg,       12,566        13,798
      (28) *                 OH

26    Picerne Real Estate    Warwick, RI         12,195        14,692
      Group (22)

27    Boyd Management        Columbia, SC        12,158        12,822
      (29)

28    Multifamily            Suffern, NY         12,059        25,544
      Management Services
      (dba Arco
      Management, TUC
      Management,
      Multifamily
      Management of
      Philadelphia,
      GoldOller
      Management) (27)

29    Grey star              Charleston, SC      11,800        393,079

30    Preservation           South               11,733        11,981
      Management, Inc.       Portland, ME
      (41) *

31    Ambling Management     Valdosta, GA        11,709        11,709
      Company (26) *

32    Maco Management        Clarkton, MO        11,606        11,729
      Company, Inc. (31)

33    Lincoln Property       Dallas, TX          11,563        136,712
      Company (33)

34    Beacon Communities     Boston, MA          11,476        12,459
      (66) *

35    Alpha-Barnes Real      Dallas, TX          11,472        14,064
      Estate Services, LLC

36    Gene B. Glick          Indianapolis,       11,300        19,823
      Company (32) *         IN

37    Millennia Housing      Cleveland, OH       10,910        13,137
      Management, Ltd.
      (37)

38    SPM, LLC (36) *        Birmingham, AL      10,862        14,065

39    USA Properties Fund    Roseville, CA       10,629        10,629
      (38)

40    TM Associates          Rockville, MD       10,451        10,499
      Management, Inc.
      (44) *

41    Forest City            Cleveland, OH       10,372        35,184
      Residential
      Management (40)

42    The Hallmark           Atlanta, GA         10,348        11,457
      Companies (51)

43    The NRP Group LLC      Cleveland, OH       10,326        12,714
      (46)

44    U.S. Residential       Irvine, CA          10,192        37,493
      Group, LLC (42)

45    Professional
      Property               Rockford, IL        10,165        10,165
      Management,
      LLC (34)

46    The Yarco Company,     Kansas City, MO     10,148        10,948
      Inc. (58)

47    Partnership            Greensboro, NC      10,002        10,002
      Property
      Management (48)

48    LNR Property, Inc.     Miami, FL            9,700        11,200
      (47)

49    Pedcor Management      Carmel, IN           9,500        13,666
      Corporation (49)

50    Lawler Wood Housing,   Knoxville, TN        8,860         8,860
      LLC (64) *

51    Peabody Properties,    Braintree, MA        8,816        10,149
      Inc. (62) *

52    The Community          Boston, MA           8,734         8,964
      Builders, Inc. (61)
      *

S3    Community Management   Winston-             8,701         8,781
      Corporation (52) *     Salem, NC

54    Riverstone             Charleston, SC       8,601        160,000
      Residential Group
      (56)

55    Pennrose Management    Philadelphia,        8,465         8,982
      Company (53)           PA

56    NDC Real Estate        Pittsburgh, PA       8,449        11,268
      Management, Inc.
      (60)

57    Aimco (43) *           Denver, CO           8,204        51,455

58    American Apartment     Knoxville, TN        8,179         8,874
      Management (77) *

59    Cambridge              Tacoma, WA           7,987         8,112
      Management, Inc.
      (75)

60    EAH Housing (57)       San Rafael, CA       7,960         9,743

61    Barker Management,     Anaheim, CA          7,892         8,989
      Inc. (54)

62    Equity Management      Columbia, MD         7,846         8,700
      (71)

63    Reliant Realty         Brooklyn, NY         7,817         7,817
      Services, Inc. (67)
      *

64    National Community     Rancho               7,810         8,462
      Renaissance (65) *     Cucamonga, CA

65    WRH Realty Services    St.                  7,801        17,569
      (81) *                 Petersburg, FL

66    Community Realty       Pleasantville,       7,800         7,896
      Management (80) *      NJ

67    Preservation of
      Affordable Housing

      (POAH) (59)            Boston, MA           7,736         8,606

68    Guardian               Portland, OR         7,656        11,464
      Real Estate
      Services LLC (55) *

69    Seldin Company         Omaha, NE            7,548        14,883
      (82) *

70    Maloney Properties,    Wellesley, MA        7,522         8,220
      Inc. (69) *

71    Sun Belt Management    Albertville, AL      7,500        10,000
      Company (70)

72    Fairfield              San Diego, CA        7,201        53,831
      Residential (72)

73    Steadfast Management   Irvine, CA           7,178        23,109
      Company (73)

74    Woda Management &
      Real Estate,
      LLC (74)               Westerville, OH      7,172         7,234

75    Cascade Management,    Portland, OR         7,131         7,544
      Inc. (68)

76    Oakbrook Corporation   Madison, WI          7,025         8,600
      (76)

77    Coast Real Estate      Everett, WA          7,000        10,000
      Services (104)

78    RY Management, Co.,    New York, NY         6,751         8,000
      Inc. (78)

79    Drucker & Falk, LLC    Newport              6,742        30,076
      (112)                  News, VA

80    SL Nusbaum Realty      Norfolk, VA          6,742        15,670
      Co. (50)

81    Cohen-Esrey Real       Overland             6,682        11,031
      Estate Services, LLC   Park, KS
      (79)

82    SHP Management Corp.   Cumberland           6,629         6,629
      (89) *                 Foreside, ME

83    Solari Enterprises,    Orange, CA           6,564         6,599
      Inc. (95) *

84    GEM Management Inc.    Charlotte, NC        6,500         8,000
      (84)

85    G & K Management       Culver City, CA      6,449        14,032
      Co., Inc. (85)

86    Kettler Management,    McLean, VA           6,363        22,475
      Inc. (91) *

87    MidPen Property        Foster City, CA      6,289         6,289
      Management Corp.
      (86)

88    RLJ Management         Columbus, OH         6,115         6,115

89    The Integral Group     Atlanta, GA          6,111         6,788
      LLC (88)

90    Housing Management     North                6,081         6,081
      Resources Inc. (83)    Quincy, MA
      *

91    CSI Support &          Warren, Ml           6,058         6,058
      Development Services
      (93) *

92    HJ. Russell and        Atlanta, GA          6,046         6,441
      Company (94) *

93    Flaherty & Collins     Indianapolis,        5,601         9,256
      Properties (96)        IN

94    Village Green (97)     Farmington           5,500        40,000
                             Hills, MI

95    AWI Management         Auburn, CA           5,446         5,511
      Corporation (92)

96    Trinity Management     Boston, MA           5,316         5,659
      LLC *

97    Leon N. Weiner &       Wilmington, DE       5,267         5,276
      Associates, Inc.
      (100)

98    Key Management         Wichita, KS          5,198         5,924
      Company (101)

99    Shelter Properties,    Baltimore, MD        5,198         5,572
      LLC (99)

100   FOURMIDABLE Real       Bingham              5,141         7,051
      Estate Management      Farms, MI
      (107)

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 represent only units directly
managed (not owned) that were rented or
available to rent on December 1, 2014. 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 HUD, LIHTC,
USDA, HOME, and Bond programs. Data
do 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,
it is counted only once.

(2) Total residential units managed (including
market or affordable).

NAHMA would like to extend its sincere
thanks to the NAHMA Survey Task Force,
without whose hard work and support this
survey would not be possible. In particular,
sincere appreciation goes to Task Force Chair
John Yang, RentalHousingDeals; Evelyn Arias,
RealPage; Boone Atkins, Yardi; Rue Fox, /PM
Software; Janel Ganim, Property Solutions;
Jed Graef, MRI Software; Heather Gullickson,
RealPage; Scott Holcomb, RealPage; Dave
Layfield, ApartmentSmart.com; Mark Livanec,
Growth Marketing Lab; Kris Panks, Yardi; Lori
Russell, RealPage; Gustavo Sapiurka, RealPage;
Shari Smith, Choice Property Resources; Jason
Spencer, Yardi and Bill Sullivan, IPM Software.

If you believe your company should be
included in next year's survey, please contact
Brenda.Moser@nahma.org.
COPYRIGHT 2015 National Apartment Association
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Date:Jun 1, 2015
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