Top 10 Affordable Housing Companies Completing Acquisitions in 2014
Apr 15, 2015| RANK (VS. 2013) |
COMPANY INFO | EXECUTIVE CONTACT | AFFORDABLE HOUSING UNITS ACQUIRED IN 2014 | REGION(S) | ORG. TYPE |
|---|---|---|---|---|---|
| 1 (new) |
L+M DEVELOPMENT PARTNERS 1865 Palmer Ave., Suite 203; Larchmont, NY 10538 (914) 833-3000 | www.lmdevpartners.com |
Ron Moelis, CEO | 2,290 | NE, SC, W | For-profit |
| Company Fact: L+M tops the acquisition list, acquiring more than 2,200 units in five properties 2014. | |||||
| 2 (5) |
THE MILLENNIA COS. 8111 Rockside Road; Cleveland, OH 44125 (216) 520-1250 | www.mhmtld.com |
Frank Sinito, president | 2,245 | MW, NE, SC, SE | For-profit |
| Company Fact: The firm specializes in project-based assistance and Year 15 acquisitions. It is projecting that it will acquire 40 projects this year. | |||||
| 3 (new) |
AVANATH CAPITAL MANAGEMENT 17901 Von Karman Ave., Suite 150; Irvine, CA 92614 (949) 269-4700 | www.avanath.com |
Daryl Carter, chairman and CEO | 1,851 | National | For-profit |
| Company Fact: Avanath, which focuses on the acquisition of existing multifamily properties, acquired 10 properties last year. | |||||
| 4 (new) |
CAPITAL REALTY GROUP 86 Route 59 East; Spring Valley, NY 10977 (845) 694-7074 | www.thecapitalrealty.com |
Max Kaufman, director of development | 1,562 | National | For-profit |
| Company Fact: The company, which focuses on family or elderly project-based Sec. 8 housing, acquired 10 projects in 2014. | |||||
| 5 (new) |
SOUTHPORT FINANCIAL SERVICES 1911 65th Ave. W.; Tacoma, WA 98466 (727) 669-3660 | N/A |
Michael Molinari, vice president | 1,226 | National | For-profit |
| Company Fact: Southport acquired seven developments in 2014 and expects to acquire 11 this year. | |||||
| 6 (7) |
HERMAN & KITTLE PROPERTIES 500 E. 96th St., Suite 300; Indianapolis, IN 46240 (317) 805-1980 | www.hermankittle.com |
Jeffrey Kittle, president and CEO | 1,124 | National | For-profit |
| Company Fact: In 2014, the firm acquired 15 developments, 13 by means of replacing the existing general partner at the request of investors. | |||||
| 7 (1) |
HUNT COS. 4401 N. Mesa St.; El Paso, TX 79902 (915) 533-1122 | www.huntcompanies.com |
Chris Hunt, CEO | 1,097 | National | For-profit |
| Company Fact: Hunt . acquired 14 developments last year. | |||||
| 8 (new) |
BLVD CAPITAL 215 S. La Cienega Blvd., Suite 203; Beverly Hills, CA 90211 (323) 302-9610 | N/A |
Robert Budman, principal | 1,067 | National | For-profit |
| Company Fact: BLVD Capital went from being primarily a market-rate owner in 2013 to owning more than 1,000 affordable housing units in 2014. | |||||
| 9 (4) |
GHC HOUSING PARTNERS 15301 Ventura Blvd., Suite 570; Sherman Oaks, CA 91403 (818) 808-0600 | www.ghchousing.com |
Monique Lawshe, senior vice president | 1,022 | National | For-profit |
| Company Fact: The firm controls properties in 23 states throughout the nation. In 2014, it acquired eight projects. | |||||
| 10 (8) |
WALLICK COMMUNITIES 6880 Tussing Road; Reynoldsburg, OH 43068 (614) 552-5605 | www.wallick.com |
Tom Feusse, CEO | 1,013 | MW | For-profit |
| Company Fact: Wallick acquired 19 projects last year and plans to acquire 24 more in 2015. | |||||
Source: http://www.housingfinance.com/news/top-10-affordable-housing-companies-completing-acquisitions-in-2014_o