Top 10 Companies Completing Acquisitions in 2016
Apr 04, 2017The Millennia Cos. takes the top spot with the acquisition of 4,630 units.
| RANK (VS. 2015) |
COMPANY INFO | EXECUTIVE CONTACT | AFFORDABLE HOUSING UNITS ACQUIRED IN 2016 | REGION(S) | ORG. TYPE |
|---|---|---|---|---|---|
| 1 (2) | THE MILLENNIA COS.8111 Rockside Road; Cleveland, OH 44125(216) 520-1250 | www.mhmltd.comThe Millennia Cos. added 4,630 affordable housing units to its portfolio in 2016. | Frank Sinito, president and CEO | 4,630 | MW, NE, SC, SE | For-profit |
| 2 (new) | MERCY HOUSING1999 Broadway, Suite 1000; Denver, CO 80202(303) 830-3300 | www.mercyhousing.orgMercy Housing’s acquisition of 33 affordable housing developments from Franciscan Ministries last year boosted its portfolio by 20%. | Jane Graf, president and CEO | 3,570 | National | Nonprofit |
| 3 (new) | CAPITAL REALTY GROUP86 E. Route 59; Spring Valley, NY 10977(845) 356-7773 | www.thecapitalrealty.comThe firm, which acquires properties with HAP subsidies for low-income families and seniors, grew its portfolio by over 20% in 2016. | Moshe Eichler and Sam Horowitz, principals | 3,356 | National | For-profit |
| 4 (new) | SECURITY PROPERTIES701 Fifth Ave., Suite 5700; Seattle, WA 98104(206) 622-9900 | www.securityproperties.comSecurity Properties specializes in the acquisition of senior and family affordable housing properties across the country. | Bryon Gongaware, managing director | 3,166 | National | For-profit |
| 5 (7) | GHC HOUSING PARTNERS15301 Ventura Blvd., Suite 570; Sherman Oaks, CA 91403(818) 808-0600 | www.ghchousing.comGHC’s acquisition activity in 2016 exceeded the prior year and included the acquisition of four portfolios with properties located in the Midwest and West. | Monique Lawshe, executive vice president | 2,326 | National | For-profit |
| 6 (3) | DOMINIUM2905 Northwest Blvd., Suite 150; Plymouth, MN 55441(763) 354-5500 | www.dominiumapartments.comAfter acquiring 2,253 units in 2016, the firm plans to acquire more than 3,600 units this year. | Paul Sween and Armand Brachman, managing partners | 2,253 | MW, SC, SE, W | For-profit |
| 7 (new) | PEAK CAPITAL PARTNERS4956 N. 300 W, Third Floor; Provo, UT 84604(801) 341-0300 | www.peakcapitalpartners.comIn 2016, Peak acquired eight new affordable housing communities representing 2,174 units, a 28% increase compared with the prior year. | Jeff Danley, CEO | 2,174 | National | For-profit |
| 8 (new) | THE HALLMARK COS.3111 Paces Mill Road, Suite A-250; Atlanta, GA 30339(770) 984-2100 | www.hallmarkco.comIn 2016, The Hallmark Cos. completed the acquisition of a U.S. Department of Agriculture Rural Development portfolio of 20 properties with 793 units in Tennessee. | Martin H. Petersen, president | 1,885 | SE | For-profit |
| 9 (new) | VITUS GROUP1700 Seventh Ave., Suite 2000; Seattle, WA 98101(206) 832-1315 | www.vitus.comIn 2016, Vitus acquired a scattered-site project with 36 separate parcels in a new state for the firm, Rhode Island. | Stephen Whyte, managing director | 1,519 | MW, NE, SE, W | For-profit |
| 10 (new) | JONATHAN ROSE COS.551 Fifth Ave., 23rd Floor; New York, NY 10176(917) 542-3600 | www.rosecompanies.comThe company has nearly 10,000 units under contract for acquisition in 2017. | Fred Harris and Nathan Taft, managing directors | 1,460 | National | For-profit |
Source: http://www.housingfinance.com/management-operations/top-10-companies-completing-acquisitions-in-2016_o