2018 Syndicator List

2018 Rankings

Download data sheet of list

Order list by:

Syndicator Rank 2018	Syndicator Rank 2017	Company Name	Portfolio Size 2018	Portfolio Size 2017	Corporate Officer	HQ City	HQ State
1	1	Alden Torch Financial LLC	162123	183456	Alan Fair	Denver	CO
Historical Data Regions of Operation Corporate Officer(s) Alan Fair Company Website www.aldentorch.com Other Lists
2	2	PNC Real Estate	138275	136152	Todd Crow	Portland	OR
Historical Data Regions of Operation Corporate Officer(s) Todd Crow Company Website www.pnc.com Other Lists
3	3	Boston Capital	120925	121875	Jack Manning	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Jack Manning Company Website www.bostoncapital.com Other Lists
4	5	The Richman Group Affordable Housing Corporation	107958	106143	Richard Paul Richman	Greenwich	CT
Historical Data Regions of Operation Corporate Officer(s) Richard Paul Richman Company Website www.therichmangroup.com Other Lists
5	6	Enterprise Community Investment	104676	103425	Charles R. Werhane	Columbia	MD
Historical Data Regions of Operation Corporate Officer(s) Charles R. Werhane Company Website www.enterprisecommunity.org Other Lists
6	7	National Equity Fund	104461	101583	Joseph Hagan	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Joseph Hagan Company Website www.nefinc.org Other Lists
7	9	Raymond James Tax Credit Funds, Inc.	103598	96182	Steve Kropf	St. Petersburg	FL
Historical Data Regions of Operation Corporate Officer(s) Steve Kropf Company Website www.rjtcf.com Other Lists
8	4	Boston Financial Investment Management, LP	100357	108717	Marie Reynolds	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Marie Reynolds Company Website www.bfim.com Other Lists
9	8	AIG Affordable Housing	100285	102592	Thomas Musante	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Thomas Musante Company Website www.aig.com/globalrealestate Other Lists
10	10	WNC & Associates	51847	50924	Wilfred N Cooper, Jr	Irvine	CA
Historical Data Regions of Operation Corporate Officer(s) Wilfred N Cooper, Jr Company Website www.wncinc.com Other Lists

NMHC Partners with Kingsley (a Grace Hill Company) to administer the NMHC 50 Survey. Learn more about their survey solutions, visit gracehill.com/products/kingsleysurveys/

Who is a Syndicator?

A Syndicator is a company that buys or syndicates tax credits to serve as a general partner with a minority ownership interest.

Syndicators do NOT include:

Limited partners
Syndicators of hotels, nursing homes, hospitals, and mobile homes

What counts as units?

Units that are in the United States only
Unit counts, not bed counts

View all definitions and the methodology behind NMHC 50 lists.

NMHC 10 Largest Apartment Syndicators

Alden Torch Financial LLC

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

PNC Real Estate

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Boston Capital

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

The Richman Group Affordable Housing Corporation

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Enterprise Community Investment

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

National Equity Fund

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Raymond James Tax Credit Funds, Inc.

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Boston Financial Investment Management, LP

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

AIG Affordable Housing

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

WNC & Associates

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists