| Rank (vs. 2014) |
Company Info | Executive Contact | 2015 Starts/Completions | Region(s) | Org. Type |
|---|---|---|---|---|---|
| 1 (new) |
Pedcor Cos. 1 Pedcor Square, 770 3rd Ave., S.W.; Carmel, IN 46032 (317) 587-0320 • www.pedcorcompanies.com Pedcor Cos., a longtime affordable housing provider, tops the developers list after starting construction on six new projects with 1,070 units in 2015. |
Phillip J. Stoffregen, COO and executive vice president | 1,070 / 92 | MW. SC, SE, W | For-profit |
| 2 (4) |
McCormack Baron Salazar 720 Olive St., Suite 2500; St. Louis, MO 63101 (314) 621-3400 • www.mccormackbaron.com Last year, the firm secured a major contract to redevelop three public housing sites into mixed-income communities in Puerto Rico. |
Vince R. Bennett, president | 829 / 386 | National | For-profit |
| 3 (27) |
Herman & Kittle Properties 500 E. 96th St., Suite 300; Indianapolis, IN 46240 (317) 805-1980 • www.hermankittle.com The firm added new-construction bond deals back into its pipeline in addition to 9% low-income housing tax credit (LIHTC) deals. |
Jeffrey Kittle, president and CEO | 792 / 638 | National | For-profit |
| 4 (5) |
Pennrose Properties 1301 N. 31st St.; Philadelphia, PA 19121 (267) 386-8600 • www.pennrose.com Pennrose started construction on 10 affordable housing developments in 2015 and recently opened a Boston office. |
Mark H. Dambly, president | 688 / 461 | MW, NE, SE | For-profit |
| 5 (3) |
Conifer Realty 1000 University Ave., Suite 500; Rochester, NY 14607 (585) 324-0500 • www.coniferllc.com Conifer projects starting as many as 13 new developments this year after starting eight projects in 2015. |
Timothy D. Fournier, president and CEO | 617/ 707 | MW, NE | For-profit |
| 6 (10) |
The Pacific Cos. 430 E. State St., Suite 100; Eagle, ID 83616 (208) 461-0022 • www.tpchousing.com The Pacific Cos. completed 935 affordable and market-rate units, the largest number in company history, in 2015. |
Caleb Roope, president and CEO | 561 / 689 | W | For-profit |
| 7 (6) |
The Woda Group 229 Huber Village Blvd., Suite 100; Westerville, OH 43081 (614) 396-3200 • www.wodagroup.com In addition to the firm’s affordable housing work, it completed a 120-bed student housing project in Columbia, S.C., last year. |
Jeffrey Woda and David Cooper Jr., co-principals | 552 / 774 | MW, NE, SE | For-profit |
| 8 (7) |
Rise Residential Construction 16812 Dallas Parkway; Dallas, TX 75248 (972) 701-5558 • www.rise-residential.com Formerly Odyssey Residential Construction, the firm is now known as Rise Residential Construction. |
Melissa Adami, president | 495 / 708 | SC, W | For-profit |
| 9 (2) |
The NRP Group 5309 Transportation Blvd.; Cleveland, OH 44125 (216) 475-8900 • www.nrpgroup.com After starting construction on three affordable housing developments in 2015, the firm plans to start seven this year. |
J. David Heller and T. Richard Bailey, partners | 485 / 1487 | National | For-profit |
| 10 (20) |
Mercy Housing 1999 Broadway, Suite 1000; Denver, CO 80202 (303) 830-3300 • www.mercyhousing.org Mercy created regional real estate strategies that build concentration and commitment aimed at improving neighborhoods. |
Jane Graf, president and CEO | 481 / 436 | National | Nonprofit |
| 11 (14) |
Related California 18201 Von Karman Ave., Suite 900; Irvine, CA 92612 (949) 660-7272 • www.relatedcalifornia.com Related California, which started four projects last year, has separated its affordable and market-rate housing divisions. |
Frank Cardone, president, Related California Affordable | 438 / 261 | W | For-profit |
| 12 (new) |
The NuRock Cos. 800 N. Point Parkway, Suite 125; Alpharetta, GA 30005 (770) 552-8070 • www.nurock.com NuRock broke ground on a multifamily development in Broward County with funds from a Department of Justice lender’s settlement. |
Robert Hoskins, managing principal | 425 / 0 | SC, SE | For-profit |
| 13 (17) |
TWG Development 333 N. Pennsylvania St., Suite 100; Indianapolis, IN 46204 (317) 264-1833 • www.twgdev.com The firm continued to find success outside of Indiana, with projects starting in Iowa, Kansas, Michigan, and Missouri. |
Joe Whitsett, CEO | 421 / 241 | MW | For-profit |
| 14 (11) |
Miller-Valentine Group 9349 Waterstone Blvd.; Cincinnati, OH 45249 (513) 588-1000 • www.mvg.com In 2015, the company closed on two market-rate projects and eight LIHTC deals. |
Brian McGeady, president, MV Affordable Housing Development | 419 / 610 | MW, SC, SE | For-profit |
| 15 (13) |
Realtex Development Corp. 1101 S. Capital of Texas Highway, Suite F-200; Austin, TX 78746 (512) 306-9206 • www.realtexdevelopment.com Realtex worked on projects in Florida, Georgia, Texas, and Virginia last year. |
Rick Deyoe, president | 408 / 366 | SC, SE | For-profit |
| 16 (new) |
Anton Development Co. 950 Tower Lane, Suite 1225; Foster City, CA 94404 (650) 549-1600 • www.antondev.com The firm began construction of Anton Portola, a 256-unit LIHTC community in Irvine, Calif., to satisfy the inclusionary housing obligation of master developer The Irvine Co. |
Steven L. Eggert, President | 404 / 253 | W | For-profit |
| 16 (12) |
LDG Development 1469 54th St.; Louisville, KY 40208 (502) 638-0534 • www.ldgdevelopment.com LDG projects starting as many as eight affordable housing developments with about 1,500 units this year. |
Chris Dischinger and Mark Lechner, co-owners | 404 / 218 | MW, SC, SE | For-profit |
| 17 (44) |
Gorman & Co. 200 N. Main St.; Oregon, WI 53575 (608) 835-3900 • www.gormanusa.com After starting seven developments in 2015, the firm hopes to begin 11 more this year. |
Tom Capp, COO | 384 / 150 | National | For-profit |
| 18 (26) |
L+M Development Partners 1865 Palmer Ave., Suite 203; Larchmont, NY 10538 (914) 833-3000 • www.lmdevpartners.com L+M passed the 10,000 mark for units developed and entered a new market in Southern California in 2015. |
Ron Moelis, CEO | 379 / 120 | NE, SC, W | For-profit |
| 19 (1) |
The Michaels Organization 3 E. Stow Road, Suite 100; P.O. Box 994; Marlton, NJ 08053 (856) 596-3008 • www.themichaelsorg.com Michaels reported closing 10 affordable housing deals and creating a dedicated underwriting unit in 2015. |
John O’Donnell, president | 373 / 312 | National | For-profit |
| 20 (28) |
Beneficial Communities 3550 S. Tamiami Trail, Suite 301; Sarasota, FL 34239 (941) 929-1270 • www.beneficialcom.com The owner of 26 affordable housing developments, the firm started construction on five projects last year. |
Donald Paxton, president | 335 / 121 | National | For-profit |
| 21 (new) |
Cohen-Esrey Affordable Partners 6800 W. 64th St., Suite 101; Overland Park, KS 66202 (913) 671-3363 • www.cohenesrey.com Cohen-Esrey re-entered the 4% tax credit and bond arena last year with two projects. |
Tom Anderson, managing director | 318 / 28 | MW, SC, SE | For-profit |
| 22 (15) |
Dominium 2905 Northwest Blvd., Suite 150; Plymouth, MN 55441 (763) 354-5500 • www.dominiumapartments.com Dominium’s recent activities include completing two new senior housing developments, the first of this product type for the company. |
Paul Sween and Armand Brachman, managing partners | 306 / 752 | MW, SC, SE, W | For-profit |
| 23 (new) |
Commonwealth Development Corporation of America 9 Sheboygan St.; Fond du Lac, WI 54935 (920) 922-8170 • www.commonwealthco.net The firm plans to enter several new states, including Georgia, Kansas, Michigan, and Oregon, in the coming year. |
Louie A. Lange III, president | 304 / 199 | MW, SC, SE, W | For-profit |
| 24 (new) |
Affirmed Housing 13520 Evening Creek Drive N., Suite 160; San Diego, CA 92128 (858) 679-2828 • www.affirmedhousing.com In 2015, Affirmed Housing completed three communities, including a development that included 78 units for formerly homeless, senior veterans. |
Jim Silverwood, president | 302 / 148 | W | For-profit |
| 25 (new) |
Housing Trust Group 3225 Aviation Ave., Suite 602; Miami, FL 33133 (305) 860-8188 • www.htgf.com The firm closed on financing and began construction on 296 units of affordable housing in Florida last year as well as 72 units of market-rate housing in Tennessee. |
Matthew Rieger, president and CEO | 301 / 63 | SE, W | For-profit |
| 26 (12) |
BRIDGE Housing Corp. 600 California St., Suite 900; San Francisco, CA 94108 (415) 989-1111 • www.bridgehousing.com BRIDGE is building its first modular construction project, a 115-unit family development in San Leandro, Calif. |
Cynthia A. Parker, president and CEO | 300 /478 | W | Nonprofit |
| 27 (new) |
The John Stewart Co. 1388 Sutter St., 11th Floor; San Francisco, CA 94109 (415) 345-4400 • www.jsco.net In 2015, the firm closed escrow to acquire and renovate four San Francisco public housing projects, using the Department of Housing and Urban Development’s Rental Assistance Demonstration program. |
Jack D. Gardner, president and CEO | 283 / 0 | W | For-profit |
| 28 (18) |
Atlantic Pacific Communities 2950 S.W. 27th Ave., Suite 200; Miami, FL 33133 (305) 357-4700 • www.apcommunities.com The Miami-based company plans to expand into Washington, D.C., as well as continue to grow in Texas. |
Kenneth Naylor, COO | 268 / 215 | National | For-profit |
| 29 (40) |
USA Properties Fund 3200 Douglas Blvd., Suite 200; Roseville, CA 95661 (916) 773-6060 • www.usapropfund.com The firm started two affordable housing developments as well as its first market-rate community in 2015. |
Geoffrey C. Brown, president and CEO | 266 / 126 | W | For-profit |
| 30 (34) |
AMCAL Multi-Housing 30141 Agoura Road, Suite 100; Agoura Hills, CA 91301 (818) 706-0694 • www.amcalhousing.com In 2015, AMCAL completed five affordable housing developments while starting construction on two others. |
Percival Vaz, CEO | 260 / 367 | SC, W | For-profit |
| 31 (16) |
Chelsea Investment Corp. 5993 Avenida Encinas, Suite 101; Carlsbad, CA 92008 (760) 456-6000 • www.chelseainvestco.com The firm recently completed a 203-unit project for people at risk of homelessness and homeless vets in San Diego. |
James J. Schmid, CEO | 256 / 706 | SC, W | For-profit |
| 32 (29) |
The Community Builders 95 Berkeley St., Suite 500; Boston, MA 02116 (617) 695-9595 • www.tcbinc.org TCB opened Schoolhouse Terrace, the first phase in a six-phase neighborhood revitalization effort in Yonkers, N.Y. |
Bart Mitchell, president and CEO | 250 / 282 | MW, NE, SE | Nonprofit |
| 33 (new) |
Southport Financial Services 5403 W. Gray St.; Tampa, FL 33609 (813) 288-6988 • N/A Southport Financial applied for and was allocated 14 LIHTC awards in 2015. |
Paul C. Fortino, senior vice president | 241 / 60 | National | For-profit |
| 34 (36) |
Norstar Development USA 200 S. Division St.; Buffalo, NY 14204 (716) 847-1098 • www.norstarus.com The company is constructing the first phase of Waterfront Apartments, a major Mitchell-Lama redevelopment in Buffalo, N.Y. |
Linda Goodman, vice president | 222 / 281 | MW, NE, SC, SE | For-profit |
| 35 (21) |
MidPen Housing Corp. 303 Vintage Park Drive, Suite 250; Foster City, CA 94404 (650) 356-2900 • www.midpen-housing.org Most of MidPen’s recent and upcoming developments are transit-oriented communities, often mixed-use or infill development. |
Matthew O. Franklin, president | 217 / 115 | W | Nonprofit |
| 36 (new) |
Beacon Communities 2 Center Plaza, Suite 700; Boston, MA 02108 (617) 574-1100 • www.beaconcommunitiesllc.com Beacon’s entire portfolio went smoke-free in 2015. The firm also integrated an asset management department. |
Pamela Goodman, CEO | 214 / 40 | National | For-profit |
| 37 (37) |
Community Investment Strategies 1970 Brunswick Ave., Suite 100; Lawrenceville, NJ 08648 (609) 298-2229 • www.cisnj.com CIS started construction on two developments and closed its first Rental Assistance Demonstration deal in 2015. |
Christiana Foglio, owner and CEO | 203 / 171 | NE | For-profit |
| 38 (new) |
Dantes Partners 701 Lamont St., N.W., Suite 11; Washington, DC 20010 (202) 588-0622 • www.dantespartners.com The firm is looking to expand its geographic footprint outside of the District of Columbia in the coming year. |
Buwa Binitie, managing principal | 198 / 0 | NE, SE | For-profit |
| 39 (46) |
Flaherty & Collins Properties 8900 Keystone Crossing, Suite 1200; Indianapolis, IN 46240 (317) 816-9300 • www.flco.com After starting construction on four new developments in 2015, the company plans to start five more this year. |
Duane Miller, vice president, community development and asset management | 194 / 80 | National | For-profit |
| 39 (31) |
Jamboree Housing Corp. 17701 Cowan Ave., Suite 200; Irvine, CA 92614 (949) 263-8676 • www.jamboreehousing.com Jamboree has recently hired additional staff to expand its development opportunities to new territories in California. |
Laura Archuleta, president | 194 / 132 | W | Nonprofit |
| 40 (41) |
The Arker Cos. 15 Verbena Ave., Suite 100; Floral Park, NY 11001 (516) 277-9325 • www.arkercompanies.com The firm, which focuses on developing housing in all five boroughs of New York City, started two projects last year. |
Daniel Moritz, principal | 191 / 180 | NE | For-profit |
| 41 (39) |
Madhouse Development Services 8311 Rockwood Lane; Austin, TX 78757 (512) 633-4037 • www.madhousedevelopment.net Madhouse was involved in developing over 400 housing units in Texas last year, including its work as a co-developer. |
Henry Flores, president | 180 / 0 | SC | For-profit |
| 42 (50) |
Retirement Housing Foundation 911 N. Studebaker Road; Long Beach, CA 90815 (562) 257-5100 • www.rhf.org Specializing in affordable seniors and family housing, the company started construction on three projects in 2015. |
Laverne R. Joseph, president and CEO | 175 / 48 | National | Nonprofit |
| 43 (33) |
Picerne Real Estate Group 247 N. Westmonte Drive; Altamonte Springs, FL 32714 (407) 772-0200 • www.picernerealtygroup.com The firm celebrated its 90th anniversary in 2015 with employee appreciation and resident activities. |
Robert M. Picerne, COO | 156 / 156 | National | For-profit |
| 44 (30) |
Enterprise Homes 312 N. MLK Jr. Blvd., Suite 300; Baltimore, MD 21201 (410) 332-7400 • www.enterprisehomes.com Enterprise is working with Bon Secours Health System to develop the first component of a master plan in Baltimore. |
Chickie Grayson, president and CEO | 153 / 189 | NE, SC | For-profit |
| 45 (23) |
Prestwick Cos. 3715 Northside Pkwy., Bldg. 200, Suite 175; Atlanta, GA 30327 (404) 949-3870 • www.prestwickcompanies.com The company worked closely with the city of Fairburn, Ga., to build Manor at Broad Street, a new seniors community. |
Ken Blankenship, Darien Lee, and Jody Tucker, partners | 144 / 88 | SC, SE | For-profit |
| 46 (25) |
Volunteers of America 1660 Duke St.; Alexandria, VA 22314 (703) 341-5095 • www.voa.org In 2015, VOA opened a 50-unit, Sec. 202 seniors project along with an adult day service center in Shreveport, La. |
Patrick Sheridan, executive vice president of housing | 130 / 345 | National | Nonprofit |
| 47 (19) |
Dunn Development Corp. 316 Douglass St., Second Floor; Brooklyn, NY 11217 (718) 388-9407 • www.dunndev.com Dunn’s expertise includes integrating service-enriched housing components within multifamily apartment buildings. |
Martin Dunn, president | 124 / 151 | NE | For-profit |
| 48 (43) |
Eden Housing 22645 Grand St.; Hayward, CA 94541 (510) 582-1460 • www.edenhousing.org Eden broke ground on a farmworker project in Soledad, Calif., and a veterans housing project in Dublin, Calif., last year. |
Linda Mandolini, president | 116 / 71 | W | Nonprofit |
| 49 (new) |
Community Development Partners 3416 Via Oporto, Suite 301; Newport Beach, CA 92663 (949) 467-1344 • www.communitydevpartners.com The firm completed construction on El Rancho del Arte in Mesa, Ariz., and acquired two affordable housing properties in Southern California and one in Oregon. |
Eric Paine, CEO | 114 / 66 | W | For-profit |
| 50 (new) |
Beyond Shelter P.O. Box 310; Fargo, ND 58107 (701) 551-0480 • www.beyondshelterinc.com Beyond Shelter broke ground on four new developments with 113 affordable housing units in 2015. |
Daniel P. Madler, CEO | 113 / 81 | MW | Nonprofit |
04/20/2016
Affordable Housing Finance: Top 50 Affordable Housing Developers of 2015
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