Property managers hoping to catch their breath in this slowing economy may be in need of a second wind. Yes, there is a noticeable drop in the churning of management assignments compared with the go-go days of the late 1990s as buyers and sellers exercise caution and transactions slow. But the demands to grow revenues, cut expenses and maintain customer service promise to keep the property manager on a treadmill.

“They are a very diverse group,” said Mike Nalley, principal and vice president of national accounts for Dallas-based Trammell Crow Co., which ranked No. 2 on this year's survey with 511 million sq. ft. under management. “Property managers have to do everything from worrying about financial performance to customer relations to coordinating with construction and leasing people. In these tougher times, there are a lot of pressures on them. They seem to pick up more responsibility without getting a lot of resources to assist them.”

One emerging trend is for large institutional clients such as PM Realty Advisors, Lend Lease Real Estate Investments and INVESCO Realty Advisors to consolidate their service providers nationally, according to John Combs, president of U.S. property services for New York-based Insignia/ESG. Such a move forces property managers to adapt to more uniform standards that cut across geographic lines. Insignia/ESG finished No. 7 on this year's survey with 230 million sq. ft. under management.

In this soft economy, property managers devote a substantial amount of time to analyzing the creditworthiness of tenants and the effects of corporate downsizing on space needs, according to Combs. They also have to address energy issues. “Preparations in case the building has a blackout are at a much higher level today than in the past because it's a real risk. It's not just a West Coast dilemma. It's something we study everywhere now,” Combs said.

Whereas the asset manager's focus is on the bigger picture, or the long-term value of a property or portfolio, the property manager is charged with a more tactical role, according to Nalley. Day-to-day operational issues such as overseeing third-party vendor contracts, maintaining the properties and retaining tenants are all part of the job. The goal is to increase net operating income and the overall property value.

The Wall Street factor

If Trammell Crow's mandate sounds a lot like a blue-chip company, that's by design. A publicly traded company (NYSE: TCC), Trammell Crow share prices were listed at $10.05 at the close of trading July 13, considerably under its 52-week high of $15.31. In February, the company announced an internal reorganization of its business designed to consolidate all of the property and facility management, brokerage and project management services delivered to both corporate and institutional customers under a single leadership infrastructure. The company's leadership believes the stock is undervalued and points to consistent growth in earnings per share to back up its point.

Trammell Crow is not alone in its frustration. Other heavyweights in the commercial real estate services sector such as Chicago-based Jones Lang LaSalle (NYSE: JLL) and Northbrook, Ill.-based Grubb & Ellis (NYSE: GBE) also have endured Wall Street's cold shoulder. Grubb & Ellis shares closed July 13 at $4.95 per share, lower than its 52-week high of $6.50. Meanwhile, Jones Lang LaSalle shares closed the same day at $12.90, substantially below its 52-week high of $16.24. Insignia/ESG, too, has ties to the public markets. It is a subsidiary of Insignia Financial Group (NYSE: IFS). Shares of IFS closed at $11.51 on July 13, lower than its 52-week high of $13.60.

Both Trammell Crow and Insignia/ESG have landed some newsworthy assignments. Lend Lease Real Estate Investments, based in Atlanta and New York, selected Trammell Crow as one of seven national real estate service providers for its approximately 105 million sq. ft. of office and industrial product. Through the end of 2000, Trammell Crow managed more than 8 million sq. ft. of office, industrial and retail product in 16 markets for Lend Lease.

In February of this year, Boston-based Leggat McCall Properties selected Insignia/ESG to manage and lease a portfolio of Class-A office properties in the Northeast and the District of Columbia, encompassing 4.5 million sq. ft. Summing up his company's performance, Combs said, “Insignia is having a banner year in property management. Our growth this year is double what it was last year.”

Top 50 Property Managers

What follows is a ranking of the leading property managers throughout the country. Respondents were asked to provide the total amount of space under management as of Dec. 31, 2000.

  1. Jones Lang LaSalle Inc.
    200 E. Randolph Dr. Chicago, IL 60601
    Phone: (312) 782-5800
    Fax: (312) 782-4339
    Web site: www.joneslanglasalle.com
    Officers:
    Stuart L. Scott, Chairman/CEO; Christopher A. Peacock, President/Deputy CEO/COO; Earl E. Webb, CEO, Americas; Peyton H. Owen Jr., COO, Americas; Lynn C. Thurber, CEO, LaSalle Investment Management
    Total Space Under Management:
    700 million sq. ft.

  2. Trammell Crow Co.
    2001 Ross Ave., 34th Floor Dallas, TX 75201
    Phone: (214) 863-3000
    Fax: (214) 863-3138
    E-mail: lraflowitz@trammellcrow.com
    Web site: www.trammellcrow.com
    Officers:
    Robert E. Sulentic, President/CEO; William F. Concannon, President, Global Services; H. Pryor Blackwell, President, Development & Investment; Derek R. McClain, CFO; James R. Groch, President, E-commerce & Corporate Development
    Total Space Under Management:
    510.8 million sq. ft.

  3. Colliers International
    84 State St., 3rd floor Boston, MA 02109
    Phone: (617) 722-0221
    Fax: (617) 722-0224
    Web site: www.colliers.com
    Officers:
    Margaret Wigglesworth, President; Mark Burkhart, Chairman; Richard Kimball, Sr. VP, Corporate Services; Margaret Carlson, Sr. VP, Operations; Richard Wolf, Sr. VP, Retail Services
    Total Space Under Management:
    465.3 million sq. ft.

  4. Cushman & Wakefield
    51 W. 52nd St. New York, NY 10019
    Phone: (212) 841-7500
    Web site: www.cushwake.com
    Officers:
    Arthur J. Mirante II, President/CEO; Bruce E. Mosler, President, U.S. Operations; Thomas P. Falus, President, Strategic Ventures Group; Thomas P. Dowd, CFO
    Total Space Under Management:
    307 million sq. ft.

  5. Equity Residential Properties Trust
    Two North Riverside Plaza Chicago, IL 60606
    Phone: (312) 474-1300
    Fax: (312) 454-8703
    E-mail: jdoe@eqrworld.com
    Web site: www.eqr.com
    Officers:
    Samuel Zell, Chairman; Douglas Crocker II, President/CEO; Gerald Spector, Exec. VP/COO; David Neithercut, Exec. VP/CFO; Bruce Strohm, Exec. VP/General Counsel
    Total Space Under Management:
    253.5 million sq. ft.

  6. ONCOR International
    1747 Pennsylvania Ave. N.W., Suite 350
    Washington, DC 20006
    Phone: (202) 452-1852
    Fax: (202) 452-1882
    E-mail: info@oncorintl.com
    Web site: www.oncorintl.com
    Officers:
    David A. Ball, President/CEO; Ned O'Hearn, Exec. VP; Nicola Albé, European Managing Director
    Total Space Under Management:
    252 million sq. ft.

  7. Insignia/ESG
    200 Park Ave.
    New York, NY 10166
    Phone: (212) 984-8000
    Fax: (212) 984-8040
    Web site: www.insigniaesg.com
    Officers:
    Stephen B. Siegel, Chairman/CEO; Ronald Uretta, President/COO; Mitchell E. Rudin, President, U.S. Transaction Services; John G. Combs, President, U.S. Property Services
    Total Space Under Management:
    230 million sq. ft.

  8. NAI Inc.
    Box 950
    Hightstown, NJ 08520
    Phone: (800) 626-9679
    Fax: (609) 448-8126
    E-mail: info@naidirect.com
    Web site: www.naidirect.com
    Officers:
    Gerald Finn, Chairman/CEO; Jeff Finn, President/COO; David Blanchard, Exec. VP; James Garrett, Sr. VP
    Total Space Under Management:
    200 million sq. ft.

  9. Lincoln Property Co.
    500 N. Akard, Suite 3300
    Dallas, TX 75201
    Phone: (214) 740-3300
    Fax: (214) 740-3441
    E-mail: leverett@lpsi.com
    Web site: www.lincolnproperty.com
    Officers:
    Mack Pogue, Chairman/CEO; Tim Byrne, President, Residential Division; Bill Duvall, President, Commercial Division
    Total Space Under Management:
    193.4 million sq. ft.

  10. Simon Property Group
    115 W. Washington St.
    Indianapolis, IN 46204
    Phone: (317) 636-1600
    Fax: (317) 685-7270
    Web site: www.shopsimon.com
    Officers:
    Melvin Simon, Co-Chairman; Herbert Simon, Co-Chairman; David Simon, CEO; Hans Mautner, Vice Chairman; Richard S. Sokolov, President/COO; Steve Sterrett, CFO
    Total Space Under Management:
    191 million sq. ft.

  11. Grubb & Ellis Co.
    2215 Sanders Rd., Suite 400
    Northbrook, IL 60062
    Phone: (847) 753-7500
    Fax: (847) 753-9034
    Web site: www.grubb-ellis.com
    Officers:
    Barry M. Barovick, President/CEO; John G. Orrico, President, Real Estate Advisory Services; Maureen A. Ehrenberg, President, Management Services; Blake W. Harbaugh, CFO; Robert J. Walner, Sr. VP/General Counsel
    Total Space Under Management:
    150 million sq. ft.

  12. PM Realty Group LP
    910 Travis St., Suite 1000
    Houston, TX 77002
    Phone: (713) 209-5800
    Fax: (713) 209-5784
    E-mail: jgunn@pmrealtygroup.com
    Web site: www.pmrealtygroup.com
    Officers:
    Rick Kirk, President; James C. Gunn, Exec. VP; J. Ernest Johnson, Exec. VP; Thomas M. Kennedy, Exec. VP/CFO
    Total Space Under Management:
    132 million sq. ft.

  13. RREEF
    875 N. Michigan Ave., 41st Floor
    Chicago, IL 60611
    Phone: (312) 266-9300
    Fax: (312) 266-9346
    Web site: www.rreef.com
    Officers:
    Donald A. King Jr., Managing Principal; Stephen M. Steppe, Principal in Charge, Client Relations; Charles B. Leitner, Principal in Charge, Acquisitions; Michael J. Robillard, Principal in Charge, Property Management; Robert J. Cook, Principal in Charge, Portfolio Management
    Total Space Under Management:
    130.4 million sq. ft.

  14. Pinnacle Realty Management Co.
    401 Second Ave. S., Suite 110
    Seattle, WA 98104
    Phone: (206) 215-9700
    Fax: (206) 215-9777
    Web site: www.pinnaclerealty.com
    Officers:
    Stan Harrelson, President/CEO; John Goodman, Chairman; Eric Schwabe, Northwest Regional President; Scott Mencaccy, West Regional President; Rick Graf, Central Regional President; Bob Hold, East Regional President
    Total Space Under Management:
    125.5 million sq. ft.

  15. Duke Realty Corp.
    600 E. 96th St., Suite 100
    Indianapolis, IN 46240
    Phone: (317) 808-6000
    Fax: (317) 808-6794
    E-mail: webmaster@dukerealty.com
    Web site: www.dukerealty.com
    Officers:
    Thomas L. Hefner, Chairman/CEO; Richard W. Horn, President; Robert M. Chapman, Exec. VP, Southern Region; William E. Linville III, Exec. VP, Midwest Region; Darell E. Zink Jr., Exec. VP/CFO
    Total Space Under Management:
    115.3 million sq. ft.

  16. General Growth Properties Inc.
    110 N. Wacker Dr.
    Chicago, IL 60606
    Phone: (312) 960-5000
    Fax: (312) 960-5475
    Web site: www.generalgrowth.com
    Officers:
    Matthew Bucksbaum, Chairman; John Bucksbaum, CEO; Bob Michaels, President; Bernie Freibaum, CFO; Jean Schlemmer, Exec. VP
    Total Space Under Management:
    113.6 million sq. ft.

  17. Transwestern Commercial Services
    150 N. Wacker Dr., Suite 800
    Chicago, IL 60606
    Phone: (312) 499-1900
    Fax: (312) 499-1904
    Web site: www.transwestern.net
    Officers:
    Randy Rowe, Chairman; Steven Bandolik, President/CEO; Robert Bagguley, President/Property & Facilities Mgmt.; Steven Pumper, President, Owner Advisory Services; Mark Doran, CFO; Charles Nash, Chief Information Officer; Larry Heard, President, Southwest Region; Tom Nordlinger, President, Mid-Atlantic Region; Jack Eimer, President, Central Region; Paul Lentz, President, Western Region; Van Pell, President, Midwest Region; Chip Clarke, Exec. VP, Mountain Region
    Total Space Under Management:
    102 million sq. ft.

  18. First Industrial Realty Trust Inc.
    311 S. Wacker Dr., Suite 4000
    Chicago, IL 60606
    Phone: (312) 344-4405
    Fax: (312) 895-9405
    Web site: www.firstindustrial.com
    Officers:
    Mike Brennan, CEO; Jojo Yap, Chief Investment Officer; Mike Havala, CFO
    Total Space Under Management:
    80 million sq. ft.

  19. Sentinel Real Estate Corp.
    1251 Avenue of the Americas, 35th Floor
    New York, NY 10020
    Phone: (212) 408-5000
    Fax: (212) 603-4963
    E-mail: (last name)@sentinelcorp.com
    Officers:
    John H. Streicker, President/CEO; David Weiner, Managing Director; Millie Cassidy, Managing Director; Michael Weinberger, Managing Director; Christine Kurtz, Managing Director; Noel Belli, Managing Director
    Total Space Under Management:
    78 million sq. ft.

  20. Heitman
    180 N. LaSalle St.
    Chicago, IL 60601
    Phone: (312) 855-5700
    Fax: (312) 855-5803
    Web site: www.heitman.com
    Officers:
    Jerome J. Claeys, CEO; Maury R. Tognarelli, President; Eric Mayer, Vice Chairman
    Total Space Under Management:
    74.5 million sq. ft.

  21. Urban Retail Properties Co.
    900 N. Michigan Ave., Suite 1500
    Chicago, IL 60611
    Phone: (312) 915-1725
    Fax: (312) 915-2001
    E-mail: webmaster@urbanretail.com
    Web site: www.urbanretail.com
    Officers:
    Gerald E. Egan, Chairman/CEO; Matthew S. Dominski, President; Daniel S. Weaver, CFO; Lee M. Letchford, COO; Adam S. Metz, Chief Investment Officer; Joseph M. Shrader, President, Management; Ross B. Glickman, President, Leasing; James L. Czech, President, Development; James H. Lyman, Exec. VP; Cynthia S. Bohde, Exec. VP, Marketing
    Total Space Under Management:
    73.7 million sq. ft.

  22. Hines
    2800 Post Oak Blvd.
    Houston, TX 77056-6118
    Phone: (713) 621-8000
    Fax: (713) 966-2053
    Web site: www.hines.com
    Officers:
    Gerald D. Hines, Chairman; Jeffrey C. Hines, President; Louis S. Sklar, Exec. VP; Kenneth W. Hubbard, Exec. VP; C. Kevin Shannahan, Exec. VP; E. Staman Ogilvie, Exec. VP; James C. Buie, Exec. VP; Michael J.G. Topham, Exec. VP; C. Hastings Johnson, Exec. VP/CFO; John A. Harris, Exec. VP; Clayton T. Stone, Exec. VP; Charles Baughn, Exec. VP
    Total Space Under Management:
    70 million sq. ft.

  23. TCN Worldwide
    2419 Coit Rd., Suite A
    Plano, TX 75075
    Phone: (972) 769-8701
    Fax: (972) 769-8401
    Web site: www.tcnre.com
    Officers:
    Ross Ford, President; Herb Agin, Chairman; Sam Kartalis, Board member; Stuart Mackey, Board member; Bram White, Board member;
    Total Space Under Management:
    70 million sq. ft.

  24. Forest City Enterprises Inc.
    1100 Terminal Tower
    Cleveland, OH 44113
    Phone: (216) 621-6060
    Fax: (216) 263-6208
    E-mail: tom_kmiecik@fceinc.com
    Web site: www.fceinc.com
    Officers:
    Albert Ramer, Co-Chairman; Samuel H. Miller, Co-Chairman/Treasurer; Charles A. Ratner, President/CEO; James A. Ratner, Exec. VP; Ronald A. Ratner, Exec. VP
    Total Space Under Management:
    66.5 million sq. ft.

  25. Binswanger/CBB
    Two Logan Square
    Philadelphia, PA 19103
    Phone: (215) 448-6000
    Fax: (215) 448-6238
    E-mail: info@binswanger.com
    Web site: www.cbb.com
    Officers:
    Frank G. Binswanger Jr., Chairman; John K. Binswanger, Chairman; Frank G. Binswanger III, President, Binswanger International; David R. Binswanger, President/CEO; Clive G. Mendelow, Vice Chairman/COO
    Total Space Under Management:
    60.1 million sq. ft.

  26. Kennedy-Wilson International
    9601 Wilshire Blvd., Suite 220
    Beverly Hills, CA 90210
    Phone: (310) 887-6400
    Fax: (310) 887-3410
    E-mail: cgiordano@kennedywilson.com
    Web site: www.kennedywilson.com
    Officers:
    William J. McMorrow, Chairman/CEO; Lew Halpert, President, Residential Investment Group; Freeman Lyle, Exec. VP/CFO; Richard Mandel, President, Commercial Sales Group; Barry Schlesinger, Chairman, KWI Fund Management Group; Jim Rosten, President, Kennedy-Wilson Properties; Mary Ricks, Managing Director, Commercial Brokerage; Cynthia Giordano, VP, Marketing & Corporate Communications
    Total Space Under Management:
    58.9 million sq. ft.

  27. Legum & Norman Realty Inc.
    4401 Ford Ave., Suite 1200
    Alexandria, VA 22302
    Phone: (703) 600-6000
    Fax: (703) 848-0982
    E-mail: dbauman@legumnorman.com
    Web site: www.legumnorman.com
    Officers:
    William P. Norman, Chairman; Michael T. Shehadi, President/CEO; John A. Rhodes, Exec. VP; Marvin Price, Exec. VP; Fredda Ruppenthal, CFO
    Total Space Under Management:
    55.8 million sq. ft.

  28. Edward Rose Building Enterprises
    30057 Orchard Lake Rd., P.O. Box 9070
    Farmington Hills, MI 48333
    Phone: (248) 539-2255
    Fax: (248) 539-2125
    Officers:
    Sheldon Rose, President; Warren Rose, VP
    Total Space Under Management:
    51.9 million sq. ft.

  29. The Rouse Co.
    10275 Little Patuxent Pkwy.
    Columbia, MD 21044
    Phone: (410) 992-6000
    Fax: (410) 992-6363
    Web site: www.therousecompany.com
    Officers:
    Anthony W. Deering, Chairman/CEO; Douglas A. McGregor, Vice Chairman/COO; Jeffrey H. Donahue, Exec. VP/CFO; Jerome D. Smalley, Exec. VP, Development; Robert Minutoli, Sr. VP, New Business
    Total Space Under Management:
    50.6 million sq. ft.

  30. New Plan Excel Realty Trust Inc.
    1120 Avenue of the Americas
    New York, NY 10036
    Phone: (212) 869-3000
    Fax: (212) 869-3989
    E-mail: corporatecommunications@newplanexcel.com
    Web site: www.newplanexcel.com
    Officers:
    William Newman, Chairman; Glenn Rufrano, CEO/President; John Roche, CFO; Leonard Brumberg, Exec. VP, Retail; Dean Bernstein, Sr. VP, Acquisitions/Dispositions; Steven Siegel, Sr. VP, General Counsel & Secretary
    Total Space Under Management:
    50.3 million sq. ft.

  31. Liberty Property Trust
    65 Valley Stream Pkwy.
    Malvern, PA 19355
    Phone: (610) 648-1700
    Fax: (610) 644-4129
    Web site: www.libertyproperty.com
    Officers:
    Willard G. Rouse III, President/CEO/Chairman; Robert E. Fenza, COO; George J. Alburger, CFO; William P. Hankowsky, Chief Investment Officer
    Total Space Under Management:
    48.1 million sq. ft.

  32. Towne Properties Asset Management Co.
    1055 St. Paul Plaza
    Cincinnati, OH 45202
    Phone: (513) 381-8696
    Fax: (513) 345-6971
    Officers:
    Neil K. Bortz, Partner; Robert J. Wahlke, President; Derek Wehman, VP; Karl Boppel, VP; Janet Chiarella, Director of Marketing
    Total Space Under Management:
    46.9 million sq. ft.

  33. The Richard E. Jacobs Group Inc.
    25425 Center Ridge Rd.
    Cleveland, OH 44145
    Phone: (440) 871-4800
    Fax: (440) 808-6905
    E-mail: info@rejacobsgroup.com
    Web site: www.rejacobsgroup.com
    Officers:
    Richard E. Jacobs, Chairman/CEO; Judson Smith, Exec. VP/CFO; Stephen Huber, Sr. VP, Management & Leasing
    Total Space Under Management:
    46.2 million sq. ft.

  34. Hartz Mountain Industries Inc.
    400 Plaza Dr., P.O. Box 1515
    Secaucus, NJ 07096-1515
    Phone: (201) 348-1200
    Fax: (201) 348-4358
    E-mail: deborah.stone@hartzmountain.com
    Web site: www.hartzmountain.com
    Officers:
    Emanuel Stern, President/COO; Gus Milano, Exec. VP, Finance/Leasing; Walter Smith, Exec. VP, Operations; Irwin Horowitz, Exec. VP, General Counsel; Lawrence Garb, Exec. VP, Administration
    Total Space Under Management:
    41.2 million sq. ft.

  35. Gale & Wentworth LLC
    200 Campus Dr., Suite 200
    Florham Park, NJ 07932
    Phone: (973) 301-9500
    Fax: (973) 301-9501
    Web site: www.galewent.com
    Officers:
    Stanley C. Gale, Chairman/CEO; Mark Yeager, President; Kathleen Wielkopolski, CFO/COO; Eugene R. Diaz, Chief Investment Officer
    Total Space Under Management:
    40 million sq. ft.

  36. Prentiss Properties Trust
    3890 W. Northwest Hwy., 4th Floor
    Dallas, TX 75220
    Phone: (214) 654-0886
    Fax: (214) 350-2437
    Web site: www.prentissproperties.com
    Officers:
    Mike Prentiss, Chairman; Tom August, President/CEO; Dennis DuBois, Exec. VP; Larry Krueger, Exec. VP; Bob Wiberg, Exec. VP
    Total Space Under Management:
    39.2 million sq. ft.

  37. ConAm Group
    1764 San Diego Ave.
    San Diego, CA 92110
    Phone: (619) 297-6771
    Fax: (619) 298-6208
    E-mail: conam.com
    Web site: www.conam.com
    Officers:
    Daniel J. Epstein, CEO/Chairman; J. Bradley Forrest, COO; Ralph W. Tilley, Sr. VP, Investment Management; Robert J. Savatos, Sr. VP, CFO; E. Scott Dupree, Sr. VP/General Counsel; Rob Singh, Sr. VP, Acquisitions; Fraizer Crawford, Exec. VP, Property Management
    Total Space Under Management:
    38.9 million sq. ft.

  38. CarrAmerica Realty Corp.
    1850 K St. NW, Suite 500
    Washington, DC 20006
    Phone: (202) 729-7500
    Fax: (202) 729-1150
    Web site: www.carramerica.com
    Officers:
    Thomas A. Carr, Chairman/CEO/President; Philip L. Hawkins, COO; Richard F. Katchuk, CFO; Karen B. Dorigan, Chief Investment Officer; Joel A. Manfredo, Chief Technology Officer
    Total Space Under Management:
    37 million sq. ft.

  39. Charles E. Smith Residential Realty Inc.
    2345 Crystal Dr.
    Arlington, VA 22202
    Phone: (703) 920-8500
    Fax: (703) 486-7471
    Web site: www.smithreit.com
    Officers:
    Robert H. Smith, Chairman/CEO; Ernest A. Gerardi Jr., Chairman, Consolidated Engineering (affiliate company); Denny Minami, President; Al Neely, President, Development Division; Steve Hallsey, Exec. VP, Residential Operations; Matt McCormick, Exec. VP, Residential Marketing
    Total Space Under Management:
    36.9 million sq. ft.

  40. CBL & Associates Properties Inc.
    One Park Place, 6148 Lee Hwy., Suite 300
    Chattanooga, TN 37421-6511
    Phone: (423) 855-0001
    Fax: (423) 490-8662
    E-mail: info@cblproperties.com
    Web site: www.cblproperties.com
    Officers:
    Charles B. Lebovitz, Chairman/CEO; John N. Foy, Vice Chairman/CFO/Treasurer; Stephen D. Lebovitz, President/Secretary; Ben S. Landress, Exec. VP, Management; Jerry L. Sink, Sr. VP-Mall Management
    Total Space Under Management:
    36.7 million sq. ft.

  41. Associated Estates Realty Corp.
    5025 Swetland Ct.
    Richmond Heights, OH 44143-1467
    Phone: (216) 261-5000
    Fax: (216) 289-6400
    E-mail: ir@aecrealty.com
    Web site: www.aecrealty.com
    Officers:
    Jeffrey I. Friedman, Chairman/CEO; Louis E. Vogt, President/COO; Lou Fatica, VP/Treasurer/CFO
    Total Space Under Management:
    35.1 million sq. ft.

  42. LEDIC Management Group
    5855 Ridge Bend Rd.
    Memphis, TN 38120
    Phone: (901) 761-9300
    Fax: (901) 761-2317
    Web site: www.ledic.com
    Officers:
    David L. Shores, President/CEO; Davy Johnson, Exec. VP/Chief Administrative Officer; Jim Sellers, Exec. VP/CFO; Brent Garrett, Sr. VP/Director of Client Services; Teresa K. Corona, Exec. VP/Director of Business Development
    Total Space Under Management:
    34.9 million sq. ft.

  43. U.S. Equities Realty LLC
    20 N. Michigan Ave.
    Chicago, IL 60602
    Phone: (312) 456-7000
    Fax: (312) 456-0056
    E-mail: info@usequities.com
    Web site: www.usequities.com
    Officers:
    Robert A. Wislow, Chairman/CEO; Camille P. Julmy, Vice Chairman; Nancy A. Pacher, President/COO; John A. Garbossa, Exec. VP; Katherine K. Scott, Exec. VP
    Total Space Under Management:
    34 million sq. ft.

  44. Weingarten Realty Investors
    2600 Citadel Plaza Dr.
    Houston, TX 77008
    Phone: (713) 866-6000
    Fax: (713) 866-6049
    Web site: www.weingarten.com
    Officers:
    Stanford Alexander, Chairman; Andrew Alexander, President/CEO; Martin Debrovner, Vice Chairman; Stephen C. Richter, Sr. VP/CFO; Johnny Hendrix, Sr. VP/Director of Leasing
    Total Space Under Management:
    32.8 million sq. ft.

  45. Simpson Property Group LP
    3201 S. Tamarac Dr.
    Denver, CO 80231
    Phone: (303) 755-6501
    Fax: (303) 283-4202
    E-mail: medinad@simpsonhousing.com
    Web site: www.simpsonpropertygroup.com
    Officers:
    Todd S. Pope, President; Jorge Koziolkowsky, Exec. VP
    Total Space Under Management:
    32.5 million sq. ft.

  46. Village Green Cos.
    30833 Northwestern Hwy.
    Farmington Hills, MI 48334
    Phone: (248) 851-9600
    Fax: (248) 851-9619
    Web site: www.villagegreen.com
    Officers:
    Jonathan Holtzman, Chairman/CEO; Marty Page, Sr. VP, Management; George Quay, Sr. VP, Strategic Planning; Joel Schwartz, CFO; Diane Batayeh, Sr. VP, Acquisitions; Eric Brown, Sr. VP, Construction
    Total Space Under Management:
    31.5 million sq. ft.

  47. Newmark & Co. Real Estate Inc.
    125 Park Ave.
    New York, NY 10017
    Phone: (212) 372-2000
    Fax: (212) 372-2426
    E-mail: info@newmarkre.com
    Web site: www.newmarkre.com
    Officers:
    Jeff Gural, Chairman; Barry Gosin, Vice Chairman/CEO; James Kuhn, President; Joseph I. Rader, COO
    Total Space Under Management:
    31 million sq. ft.

  48. Glimcher Realty Trust
    20 S. Third St.
    Columbus, OH 43215
    Phone: (614) 621-9000
    Fax: (614) 621-9321
    E-mail: grtinfo@glimcher.com
    Web site: www.glimcher.com
    Officers:
    Herbert Glimcher, Chairman/CEO; Michael P. Glimcher, President; William G. Cornely, Exec. VP/CFO/COO/Treasurer; George A. Schmidt, Esquire, Exec. VP/General Counsel/Secretary; John P. Hoeller, Sr. VP/Director Property Management
    Total Space Under Management:
    30.5 million sq. ft.

  49. AMLI Residential Properties Trust
    125 S. Wacker Dr.
    Chicago, IL 60606
    Phone: (312) 443-1477
    Fax: (312) 443-0909
    E-mail: invest@amli.com
    Web site: www.amli.com
    Officers:
    Allan J. Sweet, President; Philip N. Tague, Exec. VP; Robert C. Aisner, Exec. VP; Robert J. Chapman, CFO
    Total Space Under Management:
    30.2 million sq. ft.

  50. Edens & Avant Inc.
    1901 Main St., Bank of America Plaza,
    Suite 900
    Columbia, SC 29201
    Phone: (803) 779-4420
    Fax: 803-765-0684
    E-mail: suzis@edensandavant.com
    Web site: www.edensandavant.com; www.eaonsite.com
    Officers:
    Joe Edens, Chairman/CEO; Jodie W. McLean, Chief Investment Officer; Jay Matera, CPA/CFO; Tina A. Marshall, SCSM, VP, 3rd Party Retail Management & Leasing; Hal Cottingham, CPM, CSM, VP, Property Management; Susan Sellers, Director of Healthcare Properties & Facilities Management
    Total Space Under Management:
    30 million sq. ft.