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

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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

Coroporate Officer(s)

Company Website

Raymond James Tax Credit Funds, Inc.

Historical Data

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Coroporate Officer(s)

Company Website

National Equity Fund

Historical Data

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Coroporate Officer(s)

Company Website

Enterprise Community Investment

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Coroporate Officer(s)

Company Website

Boston Capital

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Company Website

The Richman Group Affordable Housing Corporation

Historical Data

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Company Website

Alliant Capital, Ltd.

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Company Website

Boston Financial Investment Management, LP

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Company Website

AIG Affordable Housing

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Company Website

Hunt Capital Partners

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Company Website