Jonathan Rose Companies

What Jonathan Rose Companies does

Jonathan Rose Companies is a privately-held, vertically integrated affordable and mixed-income real estate development and investment firm founded in 1989 and headquartered in New York City, with regional offices in Independence (OH), Denver, and Los Angeles. The firm develops, acquires, rehabilitates, and preserves multifamily housing in transit-oriented and walkable U.S. urban markets, alongside a dedicated Owner's Representative practice serving cultural, health, and educational institutions. Across its 35-year history it has developed or preserved more than 19,000 units of affordable and mixed-income housing, financed and operated through a stack of wholly-owned subsidiaries: Rose Community Capital (a designated FHA MAP and USDA 538 lender with approximately $600 million of cumulative loan originations), the Rose Urban Green Fund (a $160 million NMTC/QLICI allocation deployed into 22 projects in distressed low-income communities), and Rose Community Management (property management). The firm packages complex capital stacks leveraging LIHTC, FHA, USDA, HUD, state and local subsidies, and impact capital, and differentiates itself through a proprietary Communities of Opportunity framework that integrates resident services — health, education, financial, and social programming — into affordable housing operations, supported by research partnerships with Columbia, Harvard, and Dartmouth. The firm operates as Jonathan Rose Companies LLC and has raised more than $1.5 billion across six preservation funds, the most recent closed at over $660 million in July 2025.

Name

Jonathan Rose Companies

Legal name

Jonathan Rose Companies LLC

Website

https://rosecompanies.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Jonathan Rose Companies is a New York-based real estate firm that develops, acquires, and preserves affordable and mixed-income multifamily housing across major U.S. urban markets, financing it through dedicated FHA/USDA lending, NMTC, and impact funds.

Ownership category

akta.pro rank

Product category

Affordable Housing Real Estate Development and Investment

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Remodelers (236118)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Affordable housing development
• Multifamily real estate investment
• Green building retrofits
• FHA USDA multifamily lending
• Owner representative services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development and Acquisition: Jonathan Rose Companies acquires and develops affordable and mixed-income multifamily housing, preserving affordability while improving economic and environmental performance. Revenue comes from property appreciation, rental income, and asset management fees from their investment funds.
2. Rose Community Capital - FHA/USDA Lending: A designated FHA Multifamily Accelerated Processing (MAP) and USDA 538 lender focusing on origination, underwriting, and placement of FHA and USDA insured multifamily mortgage loans. Has closed affordable housing loans totaling approximately $600 million.
3. Rose Urban Green Fund (RUGF): Provides financing for green urban solutions that are environmentally, socially and economically responsible. Has received $160.0M in allocation authority (4 awards) deployed into 22 projects since inception.
4. Owner's Representative Services: Provides expertise in acquisition, programming, design, environmental strategies, financing, construction, and operations for cultural, health, and educational institutions.
5. Property Management: Rose Community Management provides property management services believing every residential community can and should be a community of opportunity and well-being.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Jonathan Rose Companies acquires, develops, rehabilitates, and manages affordable and mixed-income multifamily housing in transit-oriented U.S. urban locations, while providing FHA/USDA multifamily loan origination through Rose Community Capital, targeted green urban project financing through Rose Urban Green Fund, property management through Rose Community Management, and owner's representative advisory services to cultural, health, and educational institutions. The firm integrates green building practices, resident services programming, and complex government-backed financing to preserve and improve affordable housing stock.

Product overview

Jonathan Rose Companies operates as an integrated affordable housing development and property management platform. The company offers a coordinated portfolio of services including: affordable and mixed-income housing development and redevelopment through new construction and acquisition-rehabilitation; Rose Community Management for ongoing property operations; Rose Community Capital for FHA/USDA financing solutions; the Rose Urban Green Fund for green urban financing; and Owner's Representative Services for institutional clients. The company's unifying framework is 'Communities of Opportunity,' which integrates housing with health, education, financial, and social services programming to improve resident outcomes.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Acquisitions Value-add acquisition of affordable and mixed-income multifamily housing in transit-oriented or walkable U.S. urban locations for preservation funds, executed directly or via joint ventures with local partners who share the firm's impact thesis.
• Acquisition & Rehabilitation Acquisition and renovation of existing affordable housing properties to preserve affordability while improving environmental performance (energy efficiency, decarbonization, water conservation) and living conditions, targeting Enterprise Green Communities certification.
• Affordable and Mixed-Income Housing Development New construction of affordable and mixed-income multifamily housing in transit-oriented locations, including integrated retail and community facility space, with co-developed projects such as the 709-unit Sendero Verde in New York.
• Rose Community Management Property management services for the firm's portfolio, operating each residential community as a community of opportunity supported by resident services programming in health, education, financial stability, and social engagement.
• Rose Community Capital FHA/USDA Lending Designated FHA Multifamily Accelerated Processing (MAP) and USDA 538 lender providing origination, underwriting, and placement of FHA and USDA insured multifamily mortgage loans, with approximately $600 million of affordable housing loans closed.
• Rose Urban Green Fund Financing vehicle for green urban solutions in distressed low-income communities and minority developers, providing NMTC allocation and Small Dollar QLICIs; has received $160 million in allocation authority across four awards deployed into 22 projects (20 active).
• Owner's Representative Services Project management and advisory services for cultural, health, and educational institutions, covering acquisition, programming, design coordination, environmental strategy, financing, construction oversight, and operations support for facility projects.
• Communities of Opportunity Program Integrated resident services model that pairs affordable housing with co-created health, education, financial, cultural, and social programming using an Asset Based Community Development approach to improve resident life outcomes.

Quantifiable outcome

• 19,000+ units of affordable and mixed-income housing developed and preserved
• +6 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

17 partnerships are on record, tiered minor and core.

• League of Women Voters Education FundminorStrategic or Co-development Partner · 1 January 2018Partner for Rose Votes initiative - created voter registration and education events in 2018 mid-term elections, reaching nearly 6,500 households.
• LyftminorGTM or Marketing Partner · 1 January 2018Transportation partner providing free rides to underserved communities as part of Get Out to Vote campaign.
• Public-Private Partnerships (Government Agencies)coreStrategic or Co-development PartnerJonathan Rose Companies leverages public-private partnerships and strategic location choices for affordable housing projects across the United States, including projects in Athens, Georgia, and New York City. They work with government housing authorities and utilize programs like HUD, FHA, USDA 538, and Low Income Housing Tax Credits.
• L+M Development PartnerscoreStrategic or Co-development PartnerJoint venture partner for Sendero Verde development - a 709 mixed-income residential unit project with 4,000 sf retail and 85,000 sf community facility space.
• IMPACT Community CapitalcoreStrategic or Co-development PartnerPartnership to create the RCC-IMPACT Capital Acquisition Fund, making available affordable bridge financing for projects with FHA insured or USDA guaranteed permanent financing.
• Wakeland Housing Development CorporationcoreStrategic or Co-development PartnerNon-profit partner for California affordable housing acquisitions, enabling annual property tax savings through California's Welfare Exemption Property Tax Abatement program.
• Jamboree Housing CorporationcoreStrategic or Co-development PartnerNon-profit affordable housing developer partner for Belage Manor acquisition ($41.25M) and $9.92M renovation in Anaheim, CA.
• Community Opportunity FundcoreStrategic or Co-development PartnerJoint venture partner for Barbara Jean Wright Court Apartments acquisition ($19.75M) and $42M renovation in Chicago.
• Prairie Management and DevelopmentcoreStrategic or Co-development PartnerJoint venture partner for multiple acquisitions including Archer Courts and Pheasant Ridge/Hunter. Local partner providing property management expertise.
• Preservation of Affordable Housing (POAH)coreStrategic or Co-development PartnerChicago-based non-profit joint venture partner for Jackson Park Terrace acquisition ($25.25M) in the Woodlawn neighborhood.
• 5T ManagementminorStrategic or Co-development PartnerLocal MWBE partner for Englewood Gardens acquisition in Chicago.
• JBG SMITHcoreImplementation/ SI/ Consulting PartnerProperty manager for The Gale Eckington overseeing the renovation and ongoing property management.
• Enterprise Community PartnerscoreStrategic or Co-development PartnerProviding neighborhood assessments via Opportunity 360 program and leading on policy and systems change for Communities of Opportunity study.
• Columbia University Mailman School of Public HealthcoreStrategic or Co-development PartnerPrincipal Investigator for Communities of Opportunity study, designing individual assessments for measuring health outcomes.
• Harvard T.H. Chan School of Public HealthcoreStrategic or Co-development PartnerResearch partner focusing on environmental contributors to health in Communities of Opportunity study.
• The Dartmouth Institute for Health Policy and Clinical PracticecoreStrategic or Co-development PartnerResearch partner focusing on systemic cost savings from Communities of Opportunity interventions.
• Success MeasurescoreStrategic or Co-development PartnerSocial enterprise within NeighborWorks America designing assessments for Communities of Opportunity study.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Enterprise Community Partners: One of the largest US nonprofit affordable housing developers and investors, with national scope across development, lending, and policy. Directly comparable to Jonathan Rose Companies because both operate across affordable housing development, preservation, and impact investing, and Enterprise is an active research and policy partner referenced in Rose's Communities of Opportunity study.
• Preservation of Affordable Housing (POAH): Nonprofit affordable housing preservation owner and operator focused on preserving and recapitalizing at-risk multifamily rental housing. POAH is a current joint venture partner with Jonathan Rose Companies on Chicago deals (e.g., Jackson Park Terrace), making it a directly comparable preservation peer with overlapping geographic and programmatic focus.
• L+M Development Partners: Major New York-based affordable and mixed-income housing developer and owner. L+M is Jonathan Rose Companies' co-developer on Sendero Verde and shares the same mission-driven, mixed-income, transit-oriented development model across the Northeast.
• BRIDGE Housing: West Coast-focused nonprofit affordable housing developer and owner of more than 13,000 affordable apartments. Comparable to Jonathan Rose Companies because it similarly combines development, acquisition-rehabilitation, and resident services across California, with comparable focus on transit-oriented and sustainable design.
• Mercy Housing: Large national nonprofit affordable housing developer and manager serving low-income families, seniors, and people with special needs. Closely comparable to Jonathan Rose Companies because it integrates affordable housing with resident services and uses LIHTC and HUD program structures.
• The NHP Foundation: Nonprofit affordable housing owner and developer focused on preserving and creating multifamily housing nationwide. Comparable in scale, mission, and use of LIHTC/HUD financing stacks, with similar mixed-income and resident-services orientation.
• WinnCompanies: Large private multifamily owner, developer, and property manager with a significant affordable housing portfolio alongside market-rate housing. Comparable to Jonathan Rose Companies on property management scale and affordable housing acquisitions, though Winn is a broader incumbent across housing types.
• Wakeland Housing and Development Corporation: California-based nonprofit affordable housing developer and owner. Active JV partner with Jonathan Rose Companies on California acquisitions using the state Welfare Exemption tax abatement, and operates the same preservation-plus-green-retrofit playbook.

Emerging players

• Bellwether Enterprise Real Estate Capital: Commercial and multifamily mortgage lender active in affordable and workforce housing finance. Comparable to Rose Community Capital because both originate FHA, Fannie Mae, Freddie Mac, and affordable housing loans, and Bellwether's multifamily platform competes for the same affordable borrowers.

Others

• Red Stone Equity Partners: LIHTC syndicator that raises equity for affordable housing developments nationwide. Adjacent to Jonathan Rose Companies' business because Red Stone is on the capital-stack side of the same LIHTC deals Rose develops and acquires, making it a relevant comparable on funding sources and investor appetite for affordable product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/RoseCompaniesNY
• YouTubeyoutube.com/channel/UCYoE4Tea3xoqWK-TbdK58Vw
• Facebookfacebook.com/JonathanRoseCompanies
• LinkedInlinkedin.com/company/63964
• Instagraminstagram.com/jonathanrosecompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jonathan Rose Companies