The following is a condensed version of the apartment owners portion of the 2005 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, 2005.

*Based on estimates from previous year

  1. AIMCO

    Headquarters: Denver, CO
    CEO: Terry Considine
    Apartments with Ownership
    Interest: 233,738

  2. Equity Residential

    Headquarters: Chicago, IL
    CEO: David J. Neithercut
    Apartments with Ownership
    Interest: 197,404

  3. MMA Financial LLC

    Headquarters: Baltimore, MD
    CEO: Michael L. Falcone
    Apartments with Ownership
    Interest: 179,133

  4. Boston Capital Corp.

    Headquarters: Boston, MA
    CEO: John P. Manning
    Apartments with Ownership
    Interest: 147,000

  5. SunAmerica Affordable Housing Partners Inc.

    Headquarters: Los Angeles, CA
    CEO: Michael L. Fowler
    Apartments with Ownership
    Interest: 143,702

  6. Archstone-Smith

    Headquarters: Englewood, CO
    CEO: R. Scot Sellers
    Apartments with Ownership
    Interest: 81,914

  7. United Dominion Realty Trust Inc.

    Headquarters: Richmond, VA
    CEO: Thomas W. Toomey
    Apartments with Ownership
    Interest: 74,875

  8. The Enterprise Community Investment, Inc.

    Headquarters: Columbia, MD
    CEO: Jeffrey H. Donahue
    Apartments with Ownership
    Interest: 74,778

  9. Wachovia

    Headquarters: Charlotte, NC
    CEO: G. Kennedy Thompson
    Apartments with Ownership
    Interest: 70,429

  10. The Richman Group Affordable Housing Corp.

    Headquarters: Greenwich, CT
    CEO: Richard P. Richman
    Apartments with Ownership
    Interest: 67,501

  11. Camden Property Trust

    Headquarters: Houston, TX
    CEO: Richard J. Campo
    Apartments with Ownership
    Interest: 65,580

  12. GE Commercial Finance Real Estate

    Headquarters: Stamford, CT
    CEO: Michael Pralle
    Apartments with Ownership
    Interest: 57,366

  13. PNC MultiFamily Capital

    Headquarters: Portland, OR
    CEO: Don Giffen
    Apartments with Ownership
    Interest: 57,232

  14. Edward Rose Building Enterprise

    Headquarters: Farmington Hills, MI
    CEO: Sheldon Rose
    Apartments with Ownership
    Interest: 52,237

  15. Sentinel Real Estate Corporation

    Headquarters: New York, NY
    CEO: John H. Streicker
    Apartments with Ownership
    Interest: 50,176

  16. Fairfield Residential LLC

    Headquarters: San Diego, CA
    CEO: Christopher E. Hashioka
    Apartments with Ownership
    Interest: 48,033

  17. Alliance Holdings, LLC

    Headquarters: Chicago, IL
    CEO: Andrew W. Schor
    Apartments with Ownership
    Interest: 45,681

  18. Colonial Properties Trust

    Headquarters: Birmingham, AL
    CEO: Thomas Lowder
    Apartments with Ownership
    Interest: 45,242

  19. Lincoln Property Co.

    Headquarters: Dallas, TX
    CEO: J. Timothy Byrne
    Apartments with Ownership
    Interest: 43,470

  20. Home Properties Inc.

    Headquarters: Rochester, NY
    CEO: Edward J. Pettinella
    Apartments with Ownership
    Interest: 43,432

  21. American Management Services (dba Pinnacle)

    Headquarters: Seattle, WA
    CEO: Stan J. Harrelson
    Apartments with Ownership
    Interest: 41,457

  22. AvalonBay Communities Inc.

    Headquarters: Alexandria, VA
    CEO: Bryce Blair
    Apartments with Ownership
    Interest: 40,606

  23. WNC & Associates, Inc.

    Headquarters: Irvine, CA
    CEO: Wilfred N. Cooper Jr.
    Apartments with Ownership
    Interest: 40,541

  24. Michaels Development Co.

    Headquarters: Marlton, NJ
    CEO: Michael J. Levitt
    Apartments with Ownership
    Interest: 40,369

  25. Forest City Residential Group, Inc.

    Headquarters: Cleveland, OH
    CEO: Ronald A. Ratner
    Apartments with Ownership
    Interest: 39,432