The following is a condensed version of the apartment owners portion of the 2008 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, 2008.

  1. AIMCO

    Headquarters:
    Denver, CO
    CEO: Terry Considine
    Apartments with Ownership Interest: 197,158

  2. MMA Financial LLC

    Headquarters:
    St. Paul, MN
    CEO: Michael L. Falcone
    Apartments with Ownership Interest: 188,159

  3. Boston Capital

    Headquarters:
    Boston, MA
    CEO: Jack Manning
    Apartments with Ownership Interest: 167,679

  4. Equity Residential

    Headquarters:
    Chicago, IL
    CEO: David J. Neithercut
    Apartments with Ownership Interest: 154,152

  5. SunAmerica Affordable Housing Partners Inc.

    Headquarters:
    Los Angeles, CA
    CEO: Michael L. Fowler
    Apartments with Ownership Interest: 143,674

  6. Enterprise Community Investment, Inc.

    Headquarters:
    Columbia, MD
    CEO: Jeffrey H. Donahue
    Apartments with Ownership Interest: 87,822

  7. Archstone-Smith

    Headquarters:
    Englewood, CO
    CEO: R. Scot Sellers
    Apartments with Ownership Interest: 87,667

  8. The Richman Group Affordable Housing Corp.

    Headquarters:
    Greenwich, CT
    CEO: Richard P. Richman
    Apartments with Ownership Interest: 80,054

  9. GE Real Estate

    Headquarters:
    Addison, TX
    CEO: Ronald Pressman
    Apartments with Ownership Interest: 76,448

  10. UDR, Inc

    Headquarters:
    Highlands Ranch, CO
    CEO: Thomas W. Toomey
    Apartments with Ownership Interest: 70,591

  11. PNC MultiFamily Capital

    Headquarters:
    Louisville, KY
    CEO: Donald W. Giffen
    Apartments with Ownership Interest: 65,641

  12. American Management Services (dba Pinnacle)

    Headquarters:
    Seattle, WA
    CEO: Stan Harrelson
    Apartments with Ownership Interest: 62,800

  13. Camden Property Trust

    Headquarters:
    Houston, TX
    CEO: Ric Campo
    Apartments with Ownership Interest: 62,338

  14. BlackRock Realty

    Headquarters:
    San Francisco, CA
    CEO: Fred Lieblich
    Apartments with Ownership Interest: 59,665

  15. AvalonBay Communities Inc.

    Headquarters:
    Alexandria, VA
    CEO: Bryce Blair
    Apartments with Ownership Interest: 54,687

  16. Edward Rose & Sons

    Headquarters:
    Farmington Hills, MI
    CEO: Warren Rose
    Apartments with Ownership Interest: 54,103

  17. Fairfield Residential LLC

    Headquarters:
    San Diego, CA
    CEO: Chris Hashioka
    Apartments with Ownership Interest: 53,001

  18. Alliant Capital, Ltd.

    Headquarters:
    Woodland Hills, CA
    CEO: Shawn Horwitz
    Apartments with Ownership Interest: 52,730

  19. Lincoln Property Company

    Headquarters:
    Dallas, TX
    CEO: Tim Byrne
    Apartments with Ownership Interest: 49,070

  20. WNC & Associates, Inc.

    Headquarters:
    Irvine, CA
    CEO: Wilfred N. Cooper, Jr.
    Apartments with Ownership Interest: 48,881

  21. Forest City Residential Group, Inc.

    Headquarters:
    Cleveland, OH
    CEO: Ronald A. Ratner
    Apartments with Ownership Interest: 44,030

  22. CnC Investments Ltd., LLP

    Headquarters:
    Houston, TX
    CEO: Charlie Yalamanchili
    Apartments with Ownership Interest: 42,485

  23. Sentinel Real Estate Corporation

    Headquarters:
    New York, NY
    CEO: John H. Streicker
    Apartments with Ownership Interest: 42,000

  24. The Michaels Development Company

    Headquarters:
    Marlton, NJ
    CEO: Robert Greer
    Apartments with Ownership Interest: 40,908

  25. Mid-America Apartment Communities, Inc.

    Headquarters:
    Memphis, TN
    CEO: H. Eric Bolton, Jr.
    Apartments with Ownership Interest: 40,248