The following is an abbreviated version of the apartment owners portion of the 2009 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, 2009.

  1. MMA Financial

    St. Paul, MN
    Apartments with Ownership
    Interest:
    186,459

  2. Boston Capital

    Boston, MA
    Apartments with Ownership
    Interest:
    171,267

  3. AIMCO

    Denver, CO
    Apartments with Ownership
    Interest:
    158,950

  4. SunAmerica Affordable Housing Partners, Inc.

    Los Angeles, CA
    Apartments with Ownership
    Interest:
    152,315

  5. Equity Residential

    Chicago, IL
    Apartments with Ownership
    Interest:
    148,115

  6. National Equity Fund

    Chicago, IL
    Apartments with Ownership
    Interest:
    100,536

  7. Enterprise Community Investment

    Columbia, MD
    Apartments with Ownership
    Interest:
    94,676

  8. The Richman Group Affordable Housing Corp.

    Greenwich, CT
    Apartments with Ownership
    Interest:
    85,197

  9. Archstone

    Englewood, CO
    Apartments with Ownership
    Interest:
    83,871

  10. Pinnacle

    Seattle, WA
    Apartments with Ownership
    Interest:
    78,848

  11. PNC MultiFamily Capital Louisville, KY

    Apartments with Ownership
    Interest:
    73,091

  12. GE Real Estate

    Alpharetta, GA
    Apartments with Ownership
    Interest:
    71,426

  13. Camden Property Trust

    Houston, TX
    Apartments with Ownership
    Interest:
    62,421

  14. BlackRock Realty

    San Francisco, CA
    Apartments with Ownership
    Interest:
    59,665

  15. Alliant Capital

    Woodland Hills, CA
    Apartments with Ownership
    Interest:
    57,839

  16. Edward Rose & Sons

    Farmington Hills, MI
    Apartments with Ownership
    Interest:
    55,052

  17. Fairfield Residential

    San Diego, CA
    Apartments with Ownership
    Interest:
    54,978

  18. WNC & Associates

    Irvine, CA
    Apartments with Ownership
    Interest:
    49,778

  19. AvalonBay Communities

    Alexandria, VA
    Apartments with Ownership
    Interest:
    49,730

  20. UDR

    Highlands Ranch, CO
    Apartments with Ownership
    Interest:
    48,499

  21. Lincoln Property Co.

    Dallas, TX
    Apartments with Ownership
    Interest:
    47,379

  22. Forest City Residential Group

    Cleveland, OH
    Apartments with Ownership
    Interest:
    45,365

  23. DRA Advisors

    New York, NY
    Apartments with Ownership
    Interest:
    43,440

  24. Mid-America Apartment Communities

    Memphis, TN
    Apartments with Ownership
    Interest:
    42,554

  25. CnC Investments

    Houston, TX
    Apartments with Ownership
    Interest:
    42,485