Annex Group

Name

Annex Group

Legal name

The Annex Management Group, LLC

Website

https://theannexgrp.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Multifamily Housing Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Residential General Contracting (New Build) (IMAFAAAB), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Multifamily housing development
• Affordable housing development
• LIHTC tax credit financing
• Public private partnerships
• Workforce housing development

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: Fees earned from developing multifamily housing projects including ground-up construction and redevelopment.
2. Construction Management: Full-service construction services managing nearly $770 million in construction projects since 2010.
3. Property Management: Property management services for owned and third-party housing communities with nearly a combined century of experience.
4. LIHTC Tax Credit Syndication: Leveraging Low-Income Housing Tax Credit program to deliver affordable housing projects with government funding support.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

The Annex Group is an integrated multifamily housing developer that develops, constructs, manages, and owns affordable, workforce, and student housing communities across the United States. The company operates across the full real estate development lifecycle—from market and site selection through project entitlement, tax credit allocation, construction, lease-up, and ongoing property management—leveraging Low-Income Housing Tax Credit (LIHTC) financing structures and Public-Private Partnership arrangements with municipalities, universities, and housing agencies.

Product overview

The Annex Group is an impact housing developer offering a vertically integrated platform spanning development, construction, and property management services. The company develops multifamily housing across four distinct segments: Affordable Housing Communities (serving 30-70% AMI), Workforce Housing Communities, Student Housing Communities (purpose-built near universities), and Public-Private Partnership solutions. Their integrated platform also includes Impact Housing Indiana, a non-profit subsidiary focused on resident enrichment programs. The company manages a portfolio of 48+ communities valued at over $600 million, with more than $1.1 billion in multifamily housing projects developed.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services Multifamily housing development covering affordable, workforce, and student housing segments, identifying emerging markets and developing targeted strategies to address housing gaps through market and site selection, project entitlement, underwriting, and tax credit allocation.
• Construction Services Full-service construction offering planning, design, pre-construction, construction management, design-build, and general contracting services for multifamily housing projects, managing nearly $770 million in construction projects since 2010.
• Property Management Professional property management services including on-site staffing, financial management, compliance, asset preservation, marketing, leasing, and resident relations for owned and third-party housing communities nationwide.
• Public-Private Partnerships (P3) P3 development solutions collaborating with cities, municipalities, universities, public housing agencies, tribal communities, government entities, and economic development agencies to create innovative, financially sustainable housing projects.
• Affordable Housing Communities Housing developments serving residents earning 30-70% of area median income, leveraging Low-Income Housing Tax Credits (LIHTC) to deliver quality affordable housing communities.
• Workforce Housing Communities
• Student Housing Communities

Quantifiable outcome

• Over 7,000 homes created across 18 states
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Madrone Community Development CorporationcoreStrategic or Co-development Partner · 28 April 2026Partner with The Annex Group and Middle Tennessee State University in Womack Commons student housing groundbreaking - a Public-Private Partnership creating 148 units/554 beds on the MTSU campus in Murfreesboro, TN.
• Opportunity Home San AntoniocoreStrategic or Co-development Partner · 15 October 2025Joint venture partner in the $91 million Central at Commerce development - a 279-unit mixed-income apartment development. Opportunity Home is San Antonio's public housing authority. Construction begins February 2026 with project leaders applying for $41 million in low-income housing tax credits over 10 years.
• City of San Antonio Neighborhood & Housing Services DepartmentcoreStrategic or Co-development PartnerGovernment partner in Central at Commerce affordable housing development, collaborating on financing and community development initiatives.
• State Housing Agencies (LIHTC Allocators)coreStrategic or Co-development PartnerState housing agencies that allocate Low-Income Housing Tax Credits. Each state allocates tax credits from the federal government to help subsidize housing development, based on population. The Annex Group applies for these credits which are awarded through a competitive process.
• Impact Housing IndianacoreStrategic or Co-development PartnerNon-profit organization affiliated with The Annex Group that works to equip individuals living in affordable housing communities with skills and resources to live a more enriched life. Kenya Anderson serves as Executive Director. The organization addresses social determinants of health and removes barriers for those vulnerable to economic and social inequalities.
• National Association of Home Builders (NAHB)minorOthersTrade association membership. Tom Tomaszewski has served as Affordable Housing Group Chairman and on the Multifamily Board of Trustees. The company participates in NAHB activities and events.
• Affordable Housing Tax Credit Coalition (AHTCC)minorOthersTrade coalition membership. Tom Tomaszewski serves on the Board of Directors for AHTCC.
• Middle Tennessee State UniversitycoreStrategic or Co-development PartnerUniversity partner for Womack Commons P3 student housing project - 148 units/554 beds on MTSU campus in Murfreesboro, TN. Groundbreaking held April 2026.
• University of MemphiscoreStrategic or Co-development PartnerUniversity partner for P3 student housing - 243 units/542 beds, expected delivery Summer 2026.
• University of Louisiana at MonroecoreStrategic or Co-development PartnerUniversity partner for P3 student housing development in Monroe, LA.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Dominium: Dominium is one of the largest LIHTC multifamily developers and owners in the U.S., with a vertically integrated platform spanning development, construction, and property management. It is the closest analog to Annex in business model, product mix (affordable and workforce), and reliance on 4%/9% tax credits.
• Beacon Communities: Beacon Communities is a long-standing LIHTC affordable housing developer, owner, and property manager with a national footprint and integrated development + property management platform that closely mirrors Annex's vertical integration thesis.
• The Michaels Organization: The Michaels Organization is a national developer, investor, and manager of affordable, student, and military housing. It is one of the most direct peers for Annex's student housing P3 segment and shares the integrated developer/owner/manager model.
• Hunt Companies: Hunt is a diversified real estate developer with significant student housing P3 and multifamily affordable housing practices, comparable to Annex's P3 with universities (MTSU, U. Memphis, ULM) and LIHTC-driven affordable developments.
• Capstone Development Partners: Capstone is a leading purpose-built student housing P3 developer that partners with universities to deliver on-campus communities — a near-direct competitor to Annex's Womack Commons (MTSU) and University of Memphis student housing P3 projects.
• BRIDGE Housing: BRIDGE Housing is a nonprofit affordable housing developer and owner-operator with a mission-driven, vertically integrated platform. Comparable to Annex in affordable focus, though BRIDGE is geographically concentrated on the West Coast and operates as a nonprofit.
• McCormack Baron Salazar: McCormack Baron Salazar is a nationally recognized affordable housing developer that combines LIHTC development with community impact programming, closely analogous to Annex's affordable communities + Impact Housing Indiana nonprofit structure.
• GMH Communities: GMH Communities is a student and multifamily housing developer, owner, and manager with a P3 orientation toward universities — directly comparable to Annex's student housing P3 strategy and managing partner Jason Taylor's prior P3 track record.

Broad incumbents

• WinnCompanies: WinnCompanies is one of the largest multifamily developers, owners, and managers in the U.S. with a sizable affordable housing (LIHTC) portfolio and military housing P3 business. Comparable to Annex on LIHTC + property management and military/student housing P3, but at materially greater scale.
• Related Companies: Related Companies is a large, diversified national real estate developer with a dedicated affordable housing arm (Related Affordable) that pursues LIHTC developments at a scale well beyond Annex. Comparable as a competitor for limited LIHTC allocations and institutional capital.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/theannexgrp
• Facebookfacebook.com/theannexgrp
• LinkedInlinkedin.com/company/annex-student-living-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 Annex Group