The following list is a condensed version of the Apartment Management portion of the 2002 NMHC 50, an annual ranking of the 50 largest U.S. apartment owners and the 50 largest U.S. apartment managers published in NREI's March issue. The companies below are ranked according to the number of apartment units they managed as of Jan. 1, 2002.

1. Apartment Investment and Management Company

Headquarters: Denver, CO
CEO: Terry Considine

Apartments With Management Interest: 303,805

2. Equity Residential Properties Trust

Headquarters: Chicago, IL
CEO: Douglas Crocker, II

Apartments With Management Interest: 232,505

3. Pinnacle Realty Management Company

Headquarters: Seattle, WA
CEO: Stan J. Harrelson

Apartments With Management Interest: 113,546

4. Lincoln Property Company

Headquarters: Dallas, TX
CEO: J. Timothy Byrne

Apartments With Management Interest: 103,255

5. Archstone-Smith

Headquarters: Englewood, CO
CEO: R. Scot Sellers

Apartments With Management Interest: 103,000

6. United Dominion Realty Trust, Inc.

Headquarters: Richmond, VA
CEO: Thomas W. Toomey

Apartments With Management Interest: 77,567

7. Trammell Crow Residential

Headquarters: Atlanta, GA
CEO: J. Ronald Terwilliger

Apartments With Management Interest: 65,409

8. Sentinel Real Estate Corporation

Headquarters: New York, NY
CEO: John H. Streicker

Apartments With Management Interest: 62,737

9. Whitehall Funds

Headquarters: New York, NY
CEO: Daniel Neidich

Apartments With Management Interest: 58,000

10. Alliance Holdings, L.L.C.

Headquarters: Chicago, IL
CEO: Andrew W. Schor

Apartments With Management Interest: 52,691

11. Camden Property Trust

Headquarters: Houston, TX
CEO: Richard J. Campo

Apartments With Management Interest: 52,650

12. Home Properties

Headquarters: Rochester, NY
CEO: Norman Leenhouts/Nelson Leenhouts

Apartments With Management Interest: 49,734

13. Fairfield Residential, L.L.C.

Headquarters: San Diego, CA
CEO: Christopher E. Hashioka

Apartments With Management Interest: 49,230

14. ConAm Group of Companies

Headquarters: San Diego, CA
CEO: Daniel J. Epstein

Apartments With Management Interest: 48,000

15. Edward Rose Building Enterprises

Headquarters: Farmington Hills, MI
CEO: Sheldon Rose

Apartments With Management Interest: 45,820

16. Gables Residential Trust

Headquarters: Atlanta, GA
CEO: Chris D. Wheeler

Apartments With Management Interest: 45,267

17. AvalonBay Communities, Inc.

Headquarters: Alexandria, VA
CEO: Bryce Blair

Apartments With Management Interest: 41,589

18. Lefrak Organization, Inc.

Headquarters: Rego Park, NY
CEO: Samuel J. Lefrak

Apartments With Management Interest: 40,657

19. Walden

Headquarters: Dallas, TX
CEO: John B. Bartling

Apartments With Management Interest: 40,297

20. WinnResidential

Headquarters: Boston, MA
CEO: Samuel Ross

Apartments With Management Interest: 38,462

21. Greystar Real Estate Partners, L.L.C.

Headquarters: Charleston, SC
CEO: Robert A. Faith

Apartments With Management Interest: 37,215

22. Milstein Properties

Headquarters: New York, NY
CEO: Howard P. Milstein

Apartments With Management Interest: 37,000

23. Westdale Asset Management

Headquarters: Dallas, TX
CEO: Joseph G. Beard

Apartments With Management Interest: 36,993

24. Mid-America Apartment Communities, Inc.

Headquarters: Memphis, TN
CEO: H. Eric Bolton, Jr.

Apartments With Management Interest: 33,363

25. Associated Estates Realty Corporation

Headquarters: Richmond Heights, OH
CEO: Jeffrey I. Friedman

Apartments With Management Interest: 31,350