Asset Living is now the third largest management company of affordable multi-family properties in the U.S.
HOUSTON, June 1, 2023 /PRNewswire-PRWeb/ -- Asset Living, a Houston-based real estate management firm, has climbed up the ranks to become the 3rd largest management company of affordable multifamily properties in the United States. This announcement was made in the National Affordable Housing Management Association's (NAHMA) 2023 Affordable 100 List, which lists the largest affordable multi-family property management companies in the country based on total affordable unit counts.
"The affordable housing industry has flourished beyond expectations, thanks to the tireless efforts of passionate leaders. At Asset Living, we are committed to carrying this momentum forward and raising the bar for affordable education and innovation across our teams," said Senior Vice President, Multi-Family Operations Cathy Johnson.
Asset Living's ascent to the No. 3 spot on the list is a significant achievement. In 2022 the company ranked No. 8 and No. 11 in 2021. The firm also secured the No. 5 position among the Top 25 Largest Housing Credit (LIHTC) Property Management Companies in 2023.
With these latest accolades, Asset Living continues to cement its position as a leader in the multi-family sector. The company was recently ranked the third largest third-party property management firm according to the National Multifamily Housing Council's (NMHC) Top 50 List and has been ranked No. 1 in student housing third-party property management by Student Housing Business for 12 consecutive years.
"The momentum that we continue to experience at Asset Living is truly motivating to everyone on the team," said Asset Living CEO and President, Ryan McGrath. "Our leadership team is focused on Asset Living operating as the most trusted partner in real estate, and this news is another fortifying step in that direction."
Every year, the National Affordable Housing Management Association (NAHMA) Affordable 100 List appears on the company's website and the list will also run in the next issue of NAHMA News and the National Apartment Association's Units magazine. To accurately determine the portfolio of affordable units receiving federal subsidies in the United States, NAHMA publishes this annual list of affordable units containing at least one of the following federal subsidies: HUD Project-based Section 8, Section 42 LIHTC, HOME funds, bonds, and USDA Section 515.
For more information about Asset Living, please visit http://www.assetliving.com. To learn more about the NAHMA Affordable 100 list, visit their website at https://www.nahma.org/about/affordable-100-2023/.
About Asset Living
Founded in 1986, Asset Living ("Asset") is a Houston-based real estate management firm. With a growing portfolio that includes a multitude of properties across the nation, Asset provides services to a variety of clients that include property management, asset management, receivership, and investment services. Asset is a member of The Institute of Real Estate Management (IREM) and is recognized as an Accredited Management Organization (AMO). To learn more, please visit http://www.assetliving.com.
About The National Affordable Housing Management Association (NAHMA)
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing. NAHMA supports legislative and regulatory policy that promotes the development and preservation of decent and safe affordable housing, is a vital resource for technical education and information and fosters strategic relations between government and industry. NAHMA's membership represents 75% of the affordable housing industry and includes its most distinguished multifamily owners and management companies. Visit http://www.nahma.org for more information.
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