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APRIL 2015

MultifamilyBiz.com

Highridge Costa Named Among Country's Largest Apartment Firms in 2015

WASHINGTON, DC – Highridge Costa Investors recently earned national recognition by making the National Multi Housing Council’s (NMHC) 2015 NMHC 50, the annual ranking of the nation’s largest apartment owners and managers.  Highridge Costa ranked 48th in the country with 23,056 units owned in 2015.

We’re extremely honored to once again make the list as one of the top apartment firms nationwide,” said Michael Costa, president and CEO of Highridge Costa Housing Partners and Highridge Costa Investors of Gardena, California.  “The ranking validates our business strategy and ability to serve thousands of residents on a daily basis.

Founded in 1994 by Costa, and acquired by Costa and Highridge Partners in 2010, the companies specialize in the development, financing, construction and asset management of affordable and mixed-income housing for families and seniors utilizing low-income housing tax credits, as well as other types of public and private financing. The current portfolio features residential units across 276 properties in 33 states and Puerto Rico.

The listing comes on the heels of a new study from the NMHC and National Apartment Association (NAA) that revealed the industry’s tremendous economic impact.  Apartments and their residents contribute $1.3 trillion annually to the economy and support 12.3 million jobs nationwide.

NMHC partners with Kingsley Associates, a leading real estate research and consulting firm, for the NMHC 50’s research and analysis. Full rankings and detailed analyses are available online at www.nmhc.org/NMHC50.

Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry.  We bring together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for today’s 37 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail the Council at info@nmhc.org, or visit NMHC's web site at www.nmhc.org.