Top 25 Brokerage Companies
Company Name Survey Ranking
Burnham Real Estate Services 25
CB Richard Ellis 1
The CORE Network 10
CRESA Partners LLC 17
CSFB Realty Corp. 19
Coldwel Banker Commercial 14
Colliers International 3
Cushman & Wakefield 4
GVA Williams 21
Grubb & Ellis Co. 7
Holliday Fenoglio Fowler LP 24
Insignia/ESG 8
JPI 23
Jones Lang LaSalle Inc. 6
Julien J. Studley Inc. 13
Marcus & Millichap Real Estate Investment Brokerage Co. 15
NAI Inc. 5
Newmark & Co. Real Estate Inc. 16
ONCOR International 2
Spaulding & Slye Colliers 20
The Staubach Co. 12
TCN Worldwide 11
Tishman Hotel Corp. Investment Bank Group & Tishman Real Estate Services 22
Trammell Crow Co. 9
Transwestern Commercial Services 18


Top 25 Industrial Owners
Company Name Survey Ranking
AMB Property Corp. 2
Ashley Capital 16
CB Richard Ellis Investors LLC 14
CenterPoint Properties Trust 8
Crow Holdings Industrial Trust 6
Dermody Properties 13
Duke Realty Corp. 3
EBL&S Property Management Inc. 21
First Industrial Realty Trust Inc. 5
Hamilton Partners Inc. 20
Hartz Mountain Industries Inc. 12
Heitman 11
Heller Industrial Parks Inc. 18
Hillwood 17
HSA Commercial Real Estate 19
IDI 9
Liberty Property Trust 7
Miller-Valentine Group 23
Opus Group 15
Panattoni Development Co. 10
ProLogis Trust 1
Reckson Associates Realty Corp. 22
Robert Pattillo Properties Inc. 24
RREEF 4
Weingarten Realty Investors 25


Top 25 Industrial Developers
Company Name Survey Ranking
Alliance Cos. 4
AMB Property Corp. 12
Ashley Capital 14
CenterPoint Properties Trust 22
Champion Partners Ltd. 20
Crow Holdings Industrial Trust 10
Duke Realty Corp. 5
First Industrial Realty Trust Inc. 9
Higgins Development Partners 11
Hillwood 6
Hines 16
HSA Commercial Real Estate 24
IDI 3
Koll Development Co. 17
Liberty Property Trust 12
McDonald Development Co. 25
McShane Corp. 23
Opus Group 7
Panattoni Development Co. 2
ProLogis Trust 8
Robert Pattillo Properties Inc. 18
RREEF 19
Trammell Crow Co. 1
Transwestern Commercial Services 15
Transwestern Investment Co. 21


Top 50 Direct Lenders
Company Name Survey Ranking
American Property Financing 29
AMI Capital Inc. 38
Arbor Commercial Mortgage LLC 42
Archon Financial Group 31
ARCS Commercial Mortgage Co. LP 21
Bank of America 2
Bear, Stearns & Co. Inc. 24
Berkshire Mortgage Finance 18
Capital Lease Funding Corp. 36
Capri Capital 34
Charter Municipal Mortgage Acceptance Co. 48
CIBC World Markets 13
Collateral Mortgage Ltd. 37
Column Financial Inc. 10
Corus Bank 35
Credit Lyonnais 33
Credit Suisse First Boston 7
David L. Babson & Co./Mass Mutual 19
Deutsche Banc Mortgage Capital LLC 22
East West Bank 45
EF&A Funding LLC 47
First Union Real Estate 5
Capital Markets Freddie Mac 8
GE Capital Real Estate 4
GMAC Commercial Mortgage Corp. 1
Goldman, Sachs & Co. 13
Greenwich Capital 20
Heller Financial Inc. 23
HypoVereinsbank 9
istar Financial Inc. 28
JP Morgan Mortgage Capital Inc. 16
Key Commercial Real Estate 6
LaSalle Bank 39
Lehman Brothers 3
Morgan Stanley 11
National City Corp. 17
Prudential Mortgage Capital Co. 12
PW Funding Inc. 41
Red Capital Group 26
Reilly Mortgage LP 29
Related Capital 32
Saybrook Capital Corp. 24
Southern Pacific Bank 50
Standard Mortgage Corp. 39
The Community Preservation Corp. 46
TIAA-CREF 15
TRI Capital Corp. 48
US Bank-SBA Division 43
Wells Fargo CMO 27
Wexford Bancgroup 44


Top 50 Financial Intermediaries
Company Name Survey Ranking
AFC Realty Capital Inc. 39
American Property Financing 32
American Realty & Financial Services of California Inc. 19
APC Realty Advisors 20
Arko Investments 47
Armstrong Mortgage Co. 44
Bank of America 3
Beacon Realty Capital Inc. 38
Bernard Financial Group 28
Bloomfield Acceptance 24
Bloomfield Financial Services 36
Bonneville Realty Capital 35
Commercial Mortgage Capital 21
Credit Re Mortgage Capital LLC 30
D. Ansley/Holmes Co. 40
Dominion Healthcare Financial Corp. 29
Draper and Kramer Inc. 17
Fannie Mae — Multifamily 1
First Affiliated Finance Corp. 42
First American Realty Association LLC 46
First Union Real Estate 7
Capital Markets Glaser Financial Group Inc. 23
Goldman, Sachs & Co. 6
GP Realty Finance Inc. 41
Holliday Fenoglio Fowler LP 2
iCap Realty Advisors 8
Inland Mortgage Corp. 48
Johnson Capital Group 18
King Mortgage Corp. 50
Laureate Capital 15
Legg Mason Real Estate Services 11
Lend Lease 26
L.J. Melody & Co. 4
Metropolitan Capital Advisors 25
Monroe & Giordano LLC 43
Morris, Smith & Feyh Inc. 37
North MARQ Capital Inc. 5
Partners Realty Capital 22
Poole & Co. 34
Popovic and Tracey Ltd. 44
Principal Capital Real Estate 10
Investors LLC Quantum First Capital 16
RB Financial Services Inc. 50
Secured Capital Corp. 13
Singer & Bassuk Organization 12
Sonnenblick-Goldman Co. 9
The Ackman-Ziff Real Estate 14
Group LLC The Midland Companies 27
Triad Mortgage 31
Washington Capital Management 32


NMHC Top 50 Owners
Company Name Survey Ranking
AMLI Residential Properties Trust 35
Alliance Holdings LLC 17
Alterra Healthcare Corp. 48
Apartment Investment & Management Co. 1
Archstone Communities 11
Avalonbay Communities Inc. 21
BH Management Services Inc. 45
BRE Properties Inc. 43
Basic Capital Management Inc. 40
Berkshire Realty Holdings LP 41
Boston Capital 5
CRI Inc. 26
Camden Property Trust 14
Casden Properties Inc. (National Partnership Investments Corp.) 9
Charles E. Smith Residential Realty 30
Colson & Colson/Holiday Retirement Corp. 31
Columbia Housing 27
Conam Management Corp. 47
Edward Rose Building Enterprises 16
Equity Residential Properties Trust 2
First Union Corp. 23
Forest City Residential Group Inc. 24
GE Capital Real Estate 13
Gables Residential Trust 38
Home Properties 15
JPI 49
Kushner Cos. 36
Lefrak Organization Inc. 10
Lend Lease Real Estate Investments Inc. 4
Lincoln Property Co. 18
Mid-America Apartment Communities Inc. 25
Milstein Properties 22
Northwestern Mutual 34
Post Properties Inc. 29
Prudential Real Estate Investors 32
Raymond James Tax Credit Funds Inc. 42
Related Capital Co. 3
Richman Group Capital Corp. 20
Security Properties Inc. 37
Sentinel Real Estate Corp. 12
Southern Management Corp. 46
SunAmerica Affordable Housing Partners Inc. 6
TVO Realty Partners 44
Trammell Crow Residential 39
UBS Realty Investors LLC 28
United Dominion Realty Trust Inc. 8
WNC & Associates Inc. 33
Walden 19
Westdale Asset Management Ltd. 50
Whitehall Funds 7


NMHC Top 50 Managers
Company Name Survey Ranking
AMLI Residential Properties Trust 31
Alliance Holdings LLC 13
Alterra Healthcare Corp. 46
Apartment Investment and Management Co. 1
Archstone Communities 6
AvalonBay Communities Inc. 20
BH Management Services Inc. 41
BRE Properties Inc. 39
Basic Capital Management Inc. 36
Berkshire Realty Holdings LP 28
Camden Property Trust 9
Casden Properties Inc. (National Partnership Investments Corp.) 35
Charles E. Smith Residential Realty 27
Colson & Colson/Holiday Retirement Corp. 26
Conam Management Corp. 11
Drucker & Falk LLC 47
EPT Management Co. 38
Edward Rose Building Enterprises 14
Equity Residential Properties Trust 2
FPI Management Inc. 42
Forest City Residential Group Inc. 33
Fowlershore & Flanagan 50
Gables Residential Trust 18
Grenadier Realty Corp. 44
Greystar 21
Home Properties 10
JMG Realty Inc. 49
JPI 32
Kushner Cos. 45
LEDIC Management Group 30
Lane Co. 25
Lefrak Organization Inc. 19
Lend Lease Real Estate Investments Inc. 40
Lincoln Property Co. 4
Marriott Senior Living Services 34
Mid-America Apartment Communities Inc. 24
Milstein Properties 22
Pinnacle Realty Management Co. 3
Post Properties Inc. 12
Sentinel Real Estate Corp. 7
Simpson Housing Limited Partnership 37
Southern Management Corp. 43
Summit Properties Inc. 48
Trammell Crow Residential 8
United Dominion Realty Trust Inc. 5
Village Green Cos. 29
Walden 16
Westdale Asset Management Ltd. 23
Western National Property Management 17
Whitehall Funds 15


Top 25 Office Owners
Company Name Survey Ranking
Archon Group LP 7
Arden Realty Inc. 9
Brandywine Realty Trust 17
CarrAmerica Realty Corp. 6
CB Richard Ellis Investors LLC 8
Charles E. Smith Commercial Realty 14
Clarion Partners 4
CMD Realty Investors 22
Duke Realty Corp. 5
Equity Office Properties Trust 1
Gale & Wentworth LLC 16
Heitman Financial 21
Hines 2
Jones Lang LaSalle 20
Liberty Property Trust 13
Lincoln Property Co. 18
Mack-Cali Realty Corp. 3
Opus Group 19
Prentiss Properties Trust 12
Reckson Associates Realty Corp. 15
Rockefeller Group Development Corp. 23
RREEF 11
Shorenstein Co. LP 10
The Alter Group 24
The Rouse Co. 25


Top 25 Office Developers
Company Name Survey Ranking
Alliance Cos. 4
CarrAmerica Realty Corp. 5
Carter & Associates *ONCOR International 11
Duke Realty Corp. 6
Equity Office Properties Trust 7
Gale & Wentworth LLC 15
Higgins Development Partners 9
Hillwood 24
Hines 1
Koll Development Co. 18
Legacy Partners Commercial Inc. 25
Lincoln Property Co. 12
Mack-Cali Realty Corp. 21
Miller Global Properties 17
Opus Group 3
ORIX Real Estate Equities Inc. 23
Patrinely Group LLC 14
Reckson Associates Realty Corp. 19
Ryan Cos. US. Inc. 20
Spaulding & Slye Colliers 15
Stiles Corp. 13
The Alter Group 8
Trammell Crow Co. 2
U.S. Equities Realty LLC 22
WorkPlaceUSA 10


Top 50 Property Managers
Company Name Survey Ranking
AMLI Residential Properties Trust 49
Associated Estates Realty Corp. 41
Binswanger/CBB 25
CarrAmerica Realty Corp. 38
CBL & Associates Properties Inc. 40
Charles E. Smith Residential Realty Inc. 39
Colliers International 3
ConAm Group 37
Cushman & Wakefield 4
Duke Realty Corp. 15
Edens & Avant Inc. 50
Edward Rose Building Enterprises 28
Equity Residential Properties Trust 5
First Industrial Realty Trust Inc. 18
Forest City Enterprises Inc. 24
Gale & Wentworth LLC 35
General Growth Properties Inc. 16
Glimcher Realty Trust 48
Grubb & Ellis Co. 11
Hartz Mountain Industries Inc. 34
Heitman 20
Hines 22
Insignia/ESG 7
Jones Lang LaSalle Inc. 1
Kennedy-Wilson International 26
LEDIC Management Group 42
Legum & Norman Realty Inc. 27
Liberty Property Trust 31
Lincoln Property Co. 9
NAI Inc. 8
Newmark & Co. Real Estate Inc. 47
New Plan Excel Realty Trust Inc. 30
ONCOR International 6
Pinnacle Realty Management Co. 14
PM Realty Group LP 12
Prentiss Properties Trust 36
RREEF 13
Sentinel Real Estate Corp. 19
Simon Property Group 10
Simpson Property Group LP 45
TCN Worldwide 22
The Richard E. Jacobs Group Inc. 33
The Rouse Co. 29
Towne Properties Asset Management Co. 32
Trammell Crow Co. 2
Transwestern Commercial Services 17
Urban Retail Properties Co. 21
U.S. Equities Realty LLC 43
Village Green Cos. 46
Weingarten Realty Investors 44


Top Retail
Company Name Survey Ranking
Acadia Realty Trust 37
AIG Baker Shopping Center Properties LLC 58
Amerishop Real Estate Services LP 71
Aronov Realty Management Inc. 35
Belz Enterprises 63
Benderson Development Co. Inc. 7
Breslin Realty Development Corp. 49
The Cafaro Co. 10
CB Richard Ellis Investors LLC 66
CBL & Associates Properties Inc. 9
Cencor Realty Services Inc. 46
CenterAmerica Property Trust 31
Chelsea GCA Realty Inc. 65
Colonial Properties Trust 30
Crown American Realty Trust 24
Developers Diversified Realty Corp. 11
DLC Management Corp. 72
Donahue Schriber 53
EBL&S Property Management Inc. 48
Edens & Avant 15
Equity Investment Group 29
Federal Realty Investment Trust 27
First Washington Realty Trust; First Washington Management Inc. 57
Fletcher Bright Co. 36
Forest City Enterprises Inc. 34
Garden Commercial Properties 19
General Growth Properties 2
Glimcher Group 56
Glimcher Realty Trust 12
Heritage Property Investment Trust Inc. 15
Inland Real Estate Corp. 45
The Irvine Co., Irvine Retail Properties Group 59
Jones Lang Lasalle - Investment Management 17
JP Realty Inc. 41
Kimco Realty Corp. 4
Konover & Associates Inc. 54
Konover Property Trust; RMC/Konover Property Trust 44
Kramount Realty Trust 38
Kravco Co. 32
Lerner Enterprises 68
Lone Star Equities Inc. 69
The Macerich Co. 6
Madison Marquette Realty Services 74
Mall Properties Inc. 50
The Mills Corp. 25
National Realty & Development Corp. 39
New Plan Excel Realty Trust Inc. 8
Noddle Development Co. 60
Pennsylvania Real Estate Investment Trust 51
Prime Retail Inc. 27a
Prudential Real Estate Investors 40
Ramco-Gershenson Properties Trust 42
RD Management Corp. 22
Regency Realty Corp. 14
The Richard E. Jacobs Group Inc. 5
Rosen Associates Management Corp. 47
The Rouse Company 13
The RREEF Funds 52
S. L. Nusbaum Realty Co. 67
S.R. Weiner and Associates Inc. 43
Sandor Development Co. 64
Saul Centers Inc. 61
Schostak Brothers & Co. 55
Simon Property Group 1
Sleiman Enterprises 73
Taubman Centers Inc. 23
THF Realty 25
Urban Shopping Centers Inc. 21
Vestar Property Management 62
Vornado Realty Trust 33
W M Grace Development 75
Weingarten Realty Investors 18
Westcor Partners 28
Westfield Corp. 3
The Woodmont Cos. 70