TOP 25 APARTMENT OWNERS
The following list is a condensed version of the apartment owners portion of the 2004 NMHC 50, an annual ranking of the 50 largest U.S. apartment owners and managers published in NREI's April issue. The companies below are ranked according to the number of apartment units in which they had an ownership interest as of Jan. 1, 2004.
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- CharterMac
Headquarters: New York, NY
CEO: Stuart J. Boesky
Apartments with Ownership Interest: 309,292 - Apartment Investment and Management Company
Headquarters: Denver, CO
CEO: Terry Considine
Apartments with Ownership Interest: 278,657 - Equity Residential
Headquarters: Chicago, IL
CEO: Bruce W. Duncan
Apartments with Ownership Interest: 207,506 - MMA Financial LLC
Headquarters: Baltimore, MD
CEO: Mark K. Joseph
Apartments with Ownership Interest: 182,343 - Boston Capital Corp.
Headquarters: Boston, MA
CEO: John P. Manning
Apartments with Ownership Interest: 129,660 - SunAmerica Affordable Housing Partners Inc.
Headquarters: Los Angeles, CA
CEO: Michael L. Fowler
Apartments with Ownership Interest: 127,000 - Archstone-Smith
Headquarters: Englewood, CO
CEO: R. Scot Sellers
Apartments with Ownership Interest: 82,644 - United Dominion Realty Trust Inc.
Headquarters: Richmond, VA
CEO: Thomas W. Toomey
Apartments with Ownership Interest: 76,337 - Lefrak Organization Inc.
Headquarters: Rego Park, NY
CEO: Richard LeFrak
Apartments with Ownership Interest: 71,000 - Alliance Holdings LLC
Headquarters: Chicago, IL
CEO: Andrew W. Schor
Apartments with Ownership Interest: 65,237 - Sentinel Real Estate Corporation
Headquarters: New York, NY
CEO: John H. Streicker
Apartments with Ownership Interest: 62,008 - Morgan Stanley
Headquarters: New York, NY
CEO: Philip Purcell
Apartments with Ownership Interest: 53,525 - Camden Property Trust
Headquarters: Houston, TX
CEO: Richard J. Campo
Apartments with Ownership Interest: 51,344 - Edward Rose Building Enterprise
Headquarters: Farmington Hills, MI
CEO: Sheldon Rose
Apartments with Ownership Interest: 50,516 - PNC Multifamily Capital
Headquarters: Portland, OR
CEO: Don Giffen
Apartments with Ownership Interest: 48,687 - The Richman Group Affordable Capital Corp.
Headquarters: Greenwich, CT
CEO: Richard P. Richman
Apartments with Ownership Interest: 48,211 - Lincoln Property Co.
Headquarters: Dallas, TX
CEO: J. Timothy Byrne
Apartments with Ownership Interest: 48,032 - GE Real Estate
Headquarters: Stamford, CT
CEO: Michael Pralle
Apartments with Ownership Interest: 44,647 - Whitehall Funds
Headquarters: New York, NY
CEO: Stuart Rothenberg
Apartments with Ownership Interest: 44,000 - AvalonBay Communities Inc.
Headquarters: Alexandria, VA
CEO: Bryce Blair
Apartments with Ownership Interest: 41,237 - Home Properties, Inc.
Headquarters: Rochester, NY
CEO: Edward J Pettinella
Apartments with Ownership Interest: 40,946 - Fairfield Residential LLC
Headquarters: San Diego, CA
CEO: Christopher E. Hashioka
Apartments with Ownership Interest: 38,906 - Wachovia
Headquarters: Charlotte, NC
CEO: Ken Thompson
Apartments With Management Interest: 38,014 - Forest City Enterprises Inc.
Headquarters: Cleveland, OH
CEO: Charles A. Ratner
Apartments with Ownership Interest: 37,350 - Milstein Properties
Headquarters: New York, NY
CEO: Howard P. Milstein
Apartments with Ownership Interest: 37,000
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