2024 Top Syndicators List

2024 Rankings

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Order list by:

Syndicator Rank 2024	Syndicator Rank 2023	Company Name	Portfolio Size 2024	Portfolio Size 2023	Corporate Officer	HQ City	HQ State
1	1	Boston Financial	163706	172304	Marie Reynolds & Noreen Short	Boston	MA
Historical Data Regions of Operation Corporate Officer(s) Marie Reynolds & Noreen Short Company Website www.boston.financial Other Lists
2	3	Raymond James Affordable Housing Investments	160727	152265	Steve Kropf	Largo	FL
Historical Data Regions of Operation Corporate Officer(s) Steve Kropf Company Website www.raymondjames.com/rjahi Other Lists
3	4	PNC Real Estate	132458	135041	Todd Crow	Portland	OR
Historical Data Regions of Operation Corporate Officer(s) Todd Crow Company Website www.pnc.com Other Lists
4	5	National Equity Fund	125104	123850	Matthew Reilein	Chicago	IL
Historical Data Regions of Operation Corporate Officer(s) Matthew Reilein Company Website www.nationalequityfund.org Other Lists
5	6	Enterprise Housing Credit Investments	117132	115212	Scott Hoekman	Columbia	MD
Historical Data Regions of Operation Corporate Officer(s) Scott Hoekman Company Website www.enterprisecommunity.org Other Lists
6	2	The Richman Group Affordable Housing Corporation	102674	102284	Richard Paul Richman	Greenwich	CT
Historical Data Regions of Operation Corporate Officer(s) Richard Paul Richman Company Website www.therichmangroup.com Other Lists
7	7	Hudson Housing Capital	76887	71154	Joseph A. Macari	New York	NY
Historical Data Regions of Operation Corporate Officer(s) Joseph A. Macari Company Website www.hudsonhousing.com Other Lists
8		Walker & Dunlop	70005	69412	Sheri Thompson	Bethesda	MD
Historical Data Regions of Operation Corporate Officer(s) Sheri Thompson Company Website www.walkerdunlop.com Other Lists
9	9	WNC	68794	64414	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
10	10	Hunt Capital Partners	55524	63986	Jeff Weiss	Encino	CA
Historical Data Regions of Operation Corporate Officer(s) Jeff Weiss Company Website www.huntcapitalpartners.com Other Lists

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

Boston Financial

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Raymond James Affordable Housing Investments

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

National Equity Fund

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Enterprise Housing Credit Investments

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

Hudson Housing Capital

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

Walker & Dunlop

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists

WNC

Historical Data

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Corporate Officer(s)

Company Website

Other Lists

Hunt Capital Partners

Historical Data

Regions of Operation

Corporate Officer(s)

Company Website

Other Lists