2020 Top Syndicators List

2020 Rankings

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Order list by:

Syndicator Rank 2020	Syndicator Rank 2019	Company Name	Portfolio Size 2020	Portfolio Size 2019	Corporate Officer	HQ City	HQ State
1	1	PNC Real Estate	132179	136447	Todd Crow	Portland	OR
Historical Data Regions of Operation Corporate Officer(s) Todd Crow Company Website www.pnc.com Other Lists
2	3	Raymond James Tax Credit Funds, Inc.	125192	113148	Steve Kropf	St. Petersburg	FL
Historical Data Regions of Operation Corporate Officer(s) Steve Kropf Company Website www.rjtcf.com Other Lists
3	5	National Equity Fund	110949	108459	Matthew Reilein	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Matthew Reilein Company Website www.nefinc.org Other Lists
4	6	Enterprise Community Investment	108043	104466	Charles R. Werhane	Columbia	MD
Historical Data Regions of Operation Corporate Officer(s) Charles R. Werhane Company Website www.enterprisecommunity.org Other Lists
5	2	Boston Capital	107986	115478	Jack Manning	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Jack Manning Company Website www.bostoncapital.com Other Lists
6	4	The Richman Group Affordable Housing Corporation	107374	108627	Richard Paul Richman	Greenwich	CT
Historical Data Regions of Operation Corporate Officer(s) Richard Paul Richman Company Website www.therichmangroup.com Other Lists
7	8	Alliant Capital, Ltd.	102855	96762	Brian Goldberg	Woodland Hills	CA
Historical Data Regions of Operation Corporate Officer(s) Brian Goldberg Company Website www.thealliantcompany.com Other Lists
8	9	Boston Financial Investment Management, LP	94576	97866	Marie Reynolds	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Marie Reynolds Company Website www.bfim.com Other Lists
9	10	AIG Affordable Housing	91667	96290	Thomas Musante	Los Angeles	CA
Historical Data Regions of Operation Corporate Officer(s) Thomas Musante Company Website www.aig.com/globalrealestate Other Lists
10		Hunt Capital Partners	78271	15319	Jeff Weiss	Encino	CA
Historical Data Regions of Operation Corporate Officer(s) Jeff Weiss Company Website www.huntcapitalpartners.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

PNC Real Estate

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

National Equity Fund

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

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

Alliant Capital, Ltd.

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

Hunt Capital Partners

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists