The following is a condensed version of the apartment management 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 they managed as of Jan. 1, 2005.

*Based on estimates from previous year

  1. Equity Residential

    Headquarters: Chicago, IL
    CEO: David J. Neithercut
    Apartments with Management
    Interest: 197,774

  2. Apartment Investment and Management Co.

    Headquarters: Denver, CO
    CEO: Terry Considine
    Apartments with Management
    Interest: 191,951

  3. American Management Services (dba Pinnacle)

    Headquarters: Seattle, WA
    CEO: Stan J. Harrelson
    Apartments with Management
    Interest: 135,525

  4. Lincoln Property Co.

    Headquarters: Dallas, TX
    CEO: J. Timothy Byrne
    Apartments with Management
    Interest: 112,928

  5. Archstone-Smith

    Headquarters: Englewood, CO
    CEO: R. Scot Sellers
    Apartments with Management
    Interest: 81,165

  6. United Dominion Realty Trust Inc.

    Headquarters: Littleton, CO
    CEO: Thomas W. Toomey
    Apartments with Management
    Interest: 74,708

  7. Greystar Real Estate Partners LLC

    Headquarters: Houston, TX
    CEO: Robert A. Faith
    Apartments with Management
    Interest: 72,981

  8. Camden Property Trust

    Headquarters: Houston, TX
    CEO: Richard J. Campo
    Apartments with Management
    Interest: 65,800

  9. WinnCompanies

    Headquarters: Boston, MA
    CEO: Samuel Ross
    Apartments with Management
    Interest: 61,427

  10. Fairfield Residential LLC

    Headquarters: San Diego, CA
    CEO: Christopher E. Hashioka
    Apartments with Management
    Interest: 57,344

  11. Riverstone Residential Group

    Headquarters: Rockville, MD
    CEO: Christine Freeland
    Apartments with Management
    Interest: 55,000

  12. The ConAm Group of Cos.

    Headquarters: San Diego, CA
    CEO: J. Bradley Forrester
    Apartments with Management
    Interest: 52,600

  13. Sentinel Real Estate Corporation

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

  14. Edward Rose Building Enterprise

    Headquarters: Farmington Hills, MI
    CEO: Sheldon Rose
    Apartments with Management
    Interest: 49,979

  15. Home Properties Inc.

    Headquarters: Rochester, NY
    CEO: Edward J. Pettinella
    Apartments with Management
    Interest: 47,001

  16. Colonial Properties Trust

    Headquarters: Birmingham, AL
    CEO: Thomas Lowder
    Apartments with Management
    Interest: 46,920

  17. Alliance Holdings, LLC

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

  18. Capstone Real Estate Services, Inc.

    Headquarters: Austin, TX
    CEO: James W. Berkey
    Apartments with Management
    Interest: 42,102

  19. AvalonBay Communities Inc.

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

  20. Picerne Real Estate Group

    Headquarters: Phoenix, AZ
    CEO: David R. Picerne
    Apartments with Management
    Interest: 39,721

  21. Mid-America Apartment Communities Inc.

    Headquarters: Memphis, TN
    CEO: H. Eric Bolton, Jr.
    Apartments with Management
    Interest: 38,227

  22. Westdale Asset Management

    Headquarters: Dallas, TX
    CEO: Joseph G. Beard
    Apartments with Management
    Interest: 37,758

  23. FPI Management Inc.

    Headquarters: Folsom, CA
    CEO: Dennis Treadaway
    Apartments with Management
    Interest: 36,682

  24. Gables Residential Trust

    Headquarters: Atlanta, GA
    CEO: David D. Fitch
    Apartments with Management
    Interest: 36,309

  25. Village Green Companies

    Headquarters: Farmington Hills, MI
    CEO: Jonathan Holtzman Apartments with Management
    Interest: 33,500