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. Apartment Investmentand Management Co.
    Headquarters:
    Denver, CO
    CEO: Terry Considine
    Apartments with Management
    Interest: 215,256

  2. Equity Residential
    Headquarters:
    Chicago, IL
    CEO: Bruce W. Duncan
    Apartments with Management
    Interest: 203,490

  3. American Management Services (dba Pinnacle)
    Headquarters:
    Seattle, WA
    CEO: Stan J. Harrelson
    Apartments with Management
    Interest: 132,327

  4. Lincoln Property Co.
    Headquarters:
    Dallas, TX
    CEO: J. Timothy Byrne
    Apartments with Management
    Interest: 107,877

  5. United Dominion Realty Trust Inc.
    Headquarters:
    Richmond, VA
    CEO: Thomas W. Toomey
    Apartments with Management
    Interest: 80,137

  6. Archstone-Smith
    Headquarters:
    Englewood, CO
    CEO: R. Scot Sellers
    Apartments with Management
    Interest: 75,046

  7. Wachovia
    Headquarters:
    Charlotte, NC
    CEO: Ken Thompson
    Apartments with Management
    Interest: 72,715

  8. Lefrak Organization Inc.*
    Headquarters:
    Rego Park, NY
    CEO: Richard LeFrak
    Apartments with Management
    Interest: 71,000

  9. Trammell Crow Residential
    Headquarters:
    Atlanta, GA
    CEO: J. Ronald Terwilliger
    Apartments with Management
    Interest: 65,915

  10. Alliance Holdings LLC
    Headquarters:
    Chicago, IL
    CEO: Andrew W. Schor
    Apartments with Management
    Interest: 63,510

  11. Sentinel Real Estate Corp.
    Headquarters:
    New York, NY
    CEO: John H. Streicker
    Apartments with Management
    Interest: 56,597

  12. Greystar Real Estate Partners LLC
    Headquarters:
    Charleston, SC
    CEO: Robert A. Faith
    Apartments with Management
    Interest: 56,510

  13. WinnCompanies
    Headquarters:
    Boston, MA
    CEO: Samuel Ross
    Apartments with Management
    Interest: 55,856

  14. Fairfield Residential LLC
    Headquarters:
    San Diego, CA
    CEO: Christopher E. Hashioka
    Apartments with Management
    Interest: 53,766

  15. Camden Property Trust
    Headquarters:
    Houston, TX
    CEO: Richard J. Campo
    Apartments with Management
    Interest: 52,515

  16. Edward Rose Building Enterprise
    Headquarters:
    Farmington Hills, MI
    CEO: Sheldon Rose
    Apartments with Management
    Interest: 51,334

  17. The ConAm Group of Cos.
    Headquarters:
    San Diego, CA
    CEO: Daniel J. Epstein
    Apartments with Management
    Interest: 51,000

  18. Home Properties Inc.
    Headquarters:
    Rochester, NY
    CEO: Edward J. Pettinella
    Apartments with Management
    Interest: 47,313

  19. Gables Residential Trust
    Headquarters:
    Boca Raton, FL
    CEO: Chris D. Wheeler
    Apartments with Management
    Interest: 44,070

  20. AvalonBay Communities Inc.
    Headquarters:
    Alexandria, VA
    CEO: Bryce Blair
    Apartments with Management
    Interest: 39,121

  21. Mid-America Apartment Communities Inc.
    Headquarters:
    Memphis, TN
    CEO: H. Eric Bolton, Jr.
    Apartments with Management
    Interest: 37,904

  22. Picerne Real Estate Group
    Headquarters:
    Warwick, RI
    CEO: David R. Picerne
    Apartments with Management
    Interest: 35,883

  23. FPI Management Inc.
    Headquarters:
    Folsom, CA
    CEO: Dennis Treadaway
    Apartments with Management
    Interest: 35,322

  24. Michaels Development Co.
    Headquarters:
    Marlton, NJ
    CEO: Robert J. Greer
    Apartments with Management
    Interest: 34,879

  25. LEDIC Management Group Inc.
    Headquarters:
    Memphis, TN
    CEO: Jeffrey L. Kelly
    Apartments with Management
    Interest: 34,336