26 AFFORDABLE HOUSING FINANCE | MAY/JUNE 2020

REGIONS: MW=Midwest; NE=Northeast; SC=South Central; SE=Southeast; W=West

ADOBE STO

CK/PABRADY63

RANK(VS. 2018) COMPANY INFO

EXECUTIVECONTACT

2019 STARTS/ COMPLETIONS REGION(S)

ORG. TYPE

1 (2)

LDG Development Louisville, KY | ldgdevelopment.com

Chris Dischinger and Mark Lechner, principals

2,3551,924

MW, SC, SE

For-profit

2 (4)

RISE Residential ConstructionDallas, TX | rise-residential.com

Melissa Fisher, president

1,632985

SC For-profit

3 (8)

The Michaels Organization Camden, NJ | tmo.com

John J. O’Donnell, CEO

1,426 1,014

National For-profit

4 (5)

The NRP Group Cleveland, OH | nrpgroup.com

J. David Heller, CEO

1,4061,539

National For-profit

5 (3)

Dominium Plymouth, MN | dominiumapartments.com

Paul Sween, managing partner, and Mark Moorhouse, senior vice president and partner

1,2471,555

National For-profit

6 (9)

Herman & Kittle Properties Indianapolis, IN | hermankittle.com

Jeffrey Kittle, president and CEO

1,166946

National For-profit

7 (18)

Gorman & Co. Oregon, WI | gormanusa.com

Brian Swanton, president and CEO

1,034 523

National For-profit

8 (27)

Columbia ResidentialAtlanta, GA | columbiares.com

Noel Khalil, chairman and CEO, and Jim Grauley, president and COO

1,033244

SC, SE, W

For-profit

9 (1)

The Pacific Cos. Eagle, ID | tpchousing.com

Caleb Roope, president and CEO

1,013877

W For-profit

10 (13)

Woda Cooper Cos. Columbus, OH | wodagroup.com

Jeffrey Woda and David Cooper Jr., managing directors

931717

MW, NE, SE

For-profit

11 (7)

Commonwealth Development Corporation Of America Middleton, WI | commonwealthco.net

Kristi Morgan, president

8881,176

MW, SC, SE, W

For-profit

12 (24)

Phipps HousesNew York, NY | phippsny.org

Adam Weinstein, CEO

858362

NE Non-profit

13 (21)

TWG Development Indianapolis, IN | twgdev.com

John Sullivan, vice president of tax credit development

856363

National For-profit

14 (new)

Hill Tide Partners Charleston, SC | hilltidepartners.com

Dan Winters and Bob Long, managing partners

8260

SC, SE For-profit

15 (15)

AMCAL Multi-Housing Agoura Hills, CA | amcalhousing.com

Percival Vaz, CEO

807674

SC, W For-profit

16 (35)

KCG Cos. Indianapolis, IN | kcgcompanies.com

R.J. Pasquesi, president

750 72

MW, NE, SC, SE

For-profit

17(6)

McCormack Baron SalazarSt. Louis, MO | mccormackbaron.com

Vincent R. Bennett, president

731535

National For-profit

AHF 50 DEVELOPERS

No. 4 | The NRP Group The workforce was a big priority for The NRP Group in 2019. In addition to its 9% and 4% low-income housing tax credit developments, the Cleveland-based firm focused on workforce housing, which led to the creation of more than 1,200 units. The firm also partnered with The Millennia Cos.—also based in Cleveland and No. 3 on the owners list—and Cleveland State University to create The NRP & Millennia Center for Property Management within CSU’s Monte Ahuja College of Business.

No. 11 | Commonwealth Development Corp. Last year, the firm capitalized on its late 2018 merger with Mirus Partners by continuing to expand its brand, capacity, and organizational reach. It was able to elevate its success by completing construction on 10 projects and starting 15 more. Commonwealth also saw a sub-stantial increase in its workload, focusing on efficiencies and building capacity.

No. 12 | Phipps HousesThis New York City–based nonprofit closed new affordable housing projects totaling over 1,000 units in 2019. In addition, the nonprofit embarked on a wholesale reorganization of its property and asset management functions to in-source revenue management for greater efficiency, compliance, and internal control.

AFFORDABLE HOUSING FINANCE | MAY/JUNE 2020 27

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RANK(VS. 2018) COMPANY INFO

EXECUTIVECONTACT

2019 STARTS/ COMPLETIONS REGION(S)

ORG. TYPE

18 (14)

PennrosePhiladelphia, PA | pennrose.com

Mark H. Dambly, president

729388

MW, NE, SC, SE

For-profit

19 (20)

L+M Development Partners New York, NY | lmdevpartners.com

Lisa Gomez, COO

724 1,031

NE, SC, W

For-profit

20(25)

JamboreeIrvine, CA | jamboreehousing.com

Laura Archuleta, president and CEO

688 46

W Non-profit

21 (new)

The NuRock Cos. Alpharetta, GA | nurock.com

Robert Hoskins, managing principal

682 320

SC, SE, W

For-profit

22 (new)

The Community BuildersBoston, MA | tcbinc.org

Bart Mitchell, president and CEO

590236

MW, NE, SE

Non-profit

23 (new)

Bear Real Estate GroupKenosha, WI | bearreg.com

Stephen R. Mills, CEO

576210

National For-profit

24 (16)

Atlantic | Pacific CommunitiesMiami, FL | apcompanies.com

Kenneth Naylor, COO

571380

NE, SC, SE, W

For-profit

25 (new)

National Community RenaissanceRancho Cucamonga, CA | nationalcore.org

Steve PonTell, president and CEO

552 132

SC, SE, W

Non-profit

26 (new)

Jonathan Rose Cos.New York, NY | rosecompanies.com

Nathan D. Taft, managing director of acquisitions

521 0

MW, NE, SE, W

For-profit

27 (40)

MVAH PartnersWest Chester, OH | mvahpartners.com

Brian McGeady and Michael Riechman, managing partners

515 228

MW, NE, SC, SE

For-profit

28 (46)

Southport Financial Services Tampa, FL | sphome.com

Paul C. Fortino, senior vice president

473269

SC, SE, W

For-profit

29(19)

Housing Trust GroupMiami, FL | htgf.com

Matthew Rieger, president and CEO

426 587

SC, SE, W

For-profit

30 (30)

Mercy Housing Denver, CO | mercyhousing.org

Jane Graf, president and CEO

406 396

MW, SC,SE, W

Non-profit

31 (new)

Madhouse Development Services Austin, TX | madhousedevelopment.net

Henry Flores, president, and Henry Flores IV, vice president

37881

SC For-profit

32 (39)

Related California Irvine, CA | relatedcalifornia.com

Frank Cardone, president

370370

W For-profit

33 (new)

The Doe Fund New York, NY | doe.org

John McDonald, COO, and Larry Gordon, vice president of real estate development

34582

NE Non-profit

34 (34)

Affirmed HousingSan Diego, CA | affirmedhousing.com

James Silverwood, president and CEO

335329

W For-profit

34(new)

Gilbane Development Co.Arlington, VA | gilbaneco.com/development

Blaise Rastello, development director, affordable housing

3350

National For-profit

No. 24 | Atlantic | Pacific CommunitiesThe Miami-based firm and its nonprofit partner, Casa Familia, will develop and build Miami-Dade County’s first affordable housing for adults with intellec-tual or developmental disabilities. In 2019, the partners were awarded $15 million in 9% hous-ing tax credits and a $4 million grant from the Florida Housing Finance Corp. for the 50-unit, campus-style community.

No. 31 | Madhouse Development ServicesThe Austin, Texas–based firm completed a lengthy process to brand its apartment communities and adopted Avanti Communities as its nomenclature: Avanti for its affordable family communities, Avanti Legacy for its affordable senior living communities, and Avanti Marquis for its market-rate communities. It also made signifi-cant strides with Avanti Resident Services, a related company founded by Madhouse in 2018 to provide supportive services for its residents.

No. 33 | The Doe FundCelebrating its 30th anniver-sary this year, this New York City nonprofit continues to build on its reputation of developing perma-nent supportive housing. In the seven years between 1996 and 2003, the firm developed 162 units. Then, in the seven years between 2012 and 2019, this newcomer to the AHF 50 devel-opers list has had approximately 1,000 units in pre-development and under construction.

TIE

28 AFFORDABLE HOUSING FINANCE | MAY/JUNE 2020

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RANK(VS. 2018) COMPANY INFO

EXECUTIVECONTACT

2019 STARTS/ COMPLETIONS REGION(S)

ORG. TYPE

35 (new)

Community Development PartnersNewport Beach, CA | communitydevpartners.com

Eric Paine, CEO

332 98

W For-profit

36 (new)

Blue Sky CommunitiesTampa, FL | blueskycommunities.com

Shawn Wilson, president and CEO

326 0

SC, SE For-profit

36 (38)

Fitch Irick Partners Charlotte, NC | fitchirick.com

Hollis M. Fitch, CEO

326338

SE For-profit

37 (49)

Highridge Costa Cos. Gardena, CA | housingpartners.com

Michael Costa, president and CEO

321 262

W For-profit

38 (33)

BRIDGE Housing Corp. San Francisco, CA | bridgehousing.com

Cynthia A. Parker, president and CEO

319 579

W Non-profit

39 (23)

Prestwick Development Co.Atlanta, GA | prestwickcompanies.com

Jody Tucker, founding partner and CEO

314305

SE For-profit

40 (new)

Norstar Development USA Buffalo, NY | norstarus.com

Linda L. Goodman, senior vice president

312 180

MW, NE, SC, SE

For-profit

41 (new)

Crescent Development/ Spy Rock Joint Venture Richmond, VA | crescent-development.com, spy-rock.com

Zachery R. Frederick, founder and CEO

303 53

SE For-profit

42 (new)

Community Housing PartnersChristiansburg, VA | communityhousingpartners.org

Jeff Reed, president

300 0

NE, SE Non-profit

43 (new)

Wallick CommunitiesNew Albany, OH | wallick.com

Tom Feusse, CEO

2880

MW, NE, SC, SE

For-profit

44 (26)

Brinshore DevelopmentNorthbrook, IL | brinshore.com

David Brint and Richard Sciortino, principals

284 178

National For-profit

45 (new)

Self-Help Enterprises Visalia, CA | selfhelpenterprises.org

Tom Collishaw, president and CEO

274136

W Non-profit

46 (new)

Arlington Partnership for Affordable HousingArlington, VA | apah.org

Nina Janopaul, president and CEO

249 409

NE, SE, Non-profit

47 (new)

Mosaic Development GroupCharlotte, NC | mosaicdevelopmentgroup.org

Kathy Stilwell, executive director

240140

SE Non-profit

48 (41)

PIRHL Cleveland, OH | pirhl.com

David Uram, CEO

238 221

MW, NE, SE

For-profit

49 (38)

Beacon Communities Boston, MA | beaconcommunitiesllc.com

Dara Kovel, CEO

237253

MW, NE, SE, W

For-profit

50 (43)

Nevada HANDLas Vegas, NV | nevadahand.org

Audra Hamernik, president and CEO

235242

W Non-profit

AHF 50 DEVELOPERS

No. 37 | Highridge Costa Cos.This California-based firm has made its move into the Hawaii market, with 300 units under construction and 1,200 units in the pipeline on the islands of Oahu and Maui. In Kapolei, on the island of Oahu, Highridge Costa is building two 15-story towers—one for seniors and one for families—with just over 300 units, that has retail on the perimeter of a site the size of an entire city block. The senior tower was completed in early 2020, and the second tower is under construction.

No. 38 | BRIDGE HousingIn 2019, the San Francisco–based nonprofit launched a new five-year strategic plan with a goal of advancing the development and acquisition of 9,000 units of hous-ing by the end of 2023. Emerging areas of intentional expansion for the firm over the next five years include: permanent supportive housing to address homelessness; large-scale public housing transfor-mation; large-scale master plans; and moderate-income housing to serve the “missing middle.”

No. 48 | PIRHL2019 was a year of firsts for PIRHL. The firm completed construction on its first Passive House develop ment in Cary, Ill., the first multifamily Passive House project in the state. It also expanded its production arm in New Jersey, and recently completed its first afford-able housing development in that state and started construction on a second one. In addition, PIRHL closed the financing for and began construction on its first permanent supportive housing development in its hometown of Cleveland.