The following is a condensed version of the apartment owners portion of the 2007 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, 2007.

  1. AIMCO

    Headquarters:
    Denver, CO
    CEO: Terry Considine
    Apartments with Ownership
    Interest: 211,800

  2. MMA Financial LLC

    Headquarters:
    Baltimore, MD
    CEO: Michael L. Falcone
    Apartments with Ownership
    Interest: 177,062

  3. Equity Residential

    Headquarters:
    Chicago, IL
    CEO: David J. Neithercut
    Apartments with Ownership
    Interest: 165,716

  4. Boston Capital Corp.

    Headquarters:
    Boston, MA
    CEO: Jack Manning
    Apartments with Ownership
    Interest: 156,758

  5. SunAmerica Affordable Housing Partners Inc.

    Headquarters:
    Los Angeles, CA
    CEO: Michael L. Fowler
    Apartments with Ownership
    Interest: 145,224

  6. Archstone-Smith

    Headquarters:
    Englewood, CO
    CEO: R. Scot Sellers
    Apartments with Ownership
    Interest: 84,176

  7. The Enterprise Community Investment, Inc.

    Headquarters:
    Columbia, MD
    CEO: Jeffrey H. Donahue
    Apartments with Ownership
    Interest: 82,270

  8. The Richman Group Affordable Housing Corp.

    Headquarters:
    Greenwich, CT
    CEO: Richard P. Richman
    Apartments with Ownership
    Interest: 74,517

  9. United Dominion Realty Trust Inc.

    Headquarters:
    Littleton, CO
    CEO: Thomas W. Toomey
    Apartments with Ownership
    Interest: 70,339

  10. GE Real Estate

    Headquarters:
    Stamford, CT
    CEO: Michael Pralle
    Apartments with Ownership
    Interest: 67,561

  11. PNC MultiFamily Capital

    Headquarters:
    Portland, OR
    CEO: Don Giffen
    Apartments with Ownership
    Interest: 64,013

  12. Camden Property Trust

    Headquarters:
    Houston, TX
    CEO: Warren Rose
    Apartments with Ownership
    Interest: 63,843

  13. Edward Rose Building Enterprise

    Headquarters:
    Farmington Hills, MI
    CEO: Sheldon Rose
    Apartments with Ownership
    Interest: 53,195

  14. American Management Services (dba Pinnacle)

    Headquarters:
    Seattle, WA
    CEO: Stan J. Harrelson
    Apartments with Ownership
    Interest: 50,514

  15. Fairfield Residential LLC

    Headquarters:
    San Diego, CA
    CEO: Christopher E. Hashioka
    Apartments with Ownership
    Interest: 50,450

  16. AvalonBay Communities Inc.

    Headquarters:
    Alexandria, VA
    CEO: Bryce Blair
    Apartments with Ownership
    Interest: 48,294

  17. BlackRock Realty

    Headquarters:
    Florham Park, NJ
    CEO: Fred Lieblich
    Apartments with Ownership
    Interest: 48,135

  18. Lincoln Property Co.

    Headquarters:
    Dallas, TX
    CEO: J. Timothy Byrne
    Apartments with Ownership
    Interest: 46,938

  19. Wachovia

    Headquarters:
    Charlotte, NC
    CEO: Brett Smith
    Apartments with Ownership
    Interest: 46,351

  20. Sentinel Real Estate Corporation

    Headquarters:
    New York, NY
    CEO: John H. Streicker
    Apartments with Ownership
    Interest: 45,293

  21. WNC & Associates, Inc.

    Headquarters:
    Irvine, CA
    CEO: Wilfred N. Cooper Jr.
    Apartments with Ownership
    Interest: 44,644

  22. Alliance Holdings, LLC

    Headquarters:
    Chicago, IL
    CEO: Andrew W. Schor
    Apartments with Ownership
    Interest: 41,517

  23. Forest City Residential Group, Inc.

    Headquarters:
    Cleveland, OH
    CEO: Ronald A. Ratner
    Apartments with Ownership
    Interest: 41,503

  24. Michaels Development Co.

    Headquarters:
    Marlton, NJ
    CEO: Michael J. Levitt
    Apartments with Ownership
    Interest: 41,381

  25. CnC Investments Ltd., LLP

    Headquarters:
    Houston, TX
    CEO: Charlie Yalamanchili
    Apartments with Ownership
    Interest: 40,330