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.
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AIMCO
Headquarters:
Denver, CO
CEO: Terry Considine
Apartments with Ownership Interest: 197,158 - MMA Financial LLC
Headquarters:
St. Paul, MN
CEO: Michael L. Falcone
Apartments with Ownership Interest: 188,159 - Boston Capital
Headquarters:
Boston, MA
CEO: Jack Manning
Apartments with Ownership Interest: 167,679 - Equity Residential
Headquarters:
Chicago, IL
CEO: David J. Neithercut
Apartments with Ownership Interest: 154,152 - SunAmerica Affordable Housing Partners Inc.
Headquarters:
Los Angeles, CA
CEO: Michael L. Fowler
Apartments with Ownership Interest: 143,674 - Enterprise Community Investment, Inc.
Headquarters:
Columbia, MD
CEO: Jeffrey H. Donahue
Apartments with Ownership Interest: 87,822 - Archstone-Smith
Headquarters:
Englewood, CO
CEO: R. Scot Sellers
Apartments with Ownership Interest: 87,667 - The Richman Group Affordable Housing Corp.
Headquarters:
Greenwich, CT
CEO: Richard P. Richman
Apartments with Ownership Interest: 80,054 - GE Real Estate
Headquarters:
Addison, TX
CEO: Ronald Pressman
Apartments with Ownership Interest: 76,448 - UDR, Inc
Headquarters:
Highlands Ranch, CO
CEO: Thomas W. Toomey
Apartments with Ownership Interest: 70,591 - PNC MultiFamily Capital
Headquarters:
Louisville, KY
CEO: Donald W. Giffen
Apartments with Ownership Interest: 65,641 - American Management Services (dba Pinnacle)
Headquarters:
Seattle, WA
CEO: Stan Harrelson
Apartments with Ownership Interest: 62,800 - Camden Property Trust
Headquarters:
Houston, TX
CEO: Ric Campo
Apartments with Ownership Interest: 62,338 - BlackRock Realty
Headquarters:
San Francisco, CA
CEO: Fred Lieblich
Apartments with Ownership Interest: 59,665 - AvalonBay Communities Inc.
Headquarters:
Alexandria, VA
CEO: Bryce Blair
Apartments with Ownership Interest: 54,687 - Edward Rose & Sons
Headquarters:
Farmington Hills, MI
CEO: Warren Rose
Apartments with Ownership Interest: 54,103 - Fairfield Residential LLC
Headquarters:
San Diego, CA
CEO: Chris Hashioka
Apartments with Ownership Interest: 53,001 - Alliant Capital, Ltd.
Headquarters:
Woodland Hills, CA
CEO: Shawn Horwitz
Apartments with Ownership Interest: 52,730 - Lincoln Property Company
Headquarters:
Dallas, TX
CEO: Tim Byrne
Apartments with Ownership Interest: 49,070 - WNC & Associates, Inc.
Headquarters:
Irvine, CA
CEO: Wilfred N. Cooper, Jr.
Apartments with Ownership Interest: 48,881 - Forest City Residential Group, Inc.
Headquarters:
Cleveland, OH
CEO: Ronald A. Ratner
Apartments with Ownership Interest: 44,030 - CnC Investments Ltd., LLP
Headquarters:
Houston, TX
CEO: Charlie Yalamanchili
Apartments with Ownership Interest: 42,485 - Sentinel Real Estate Corporation
Headquarters:
New York, NY
CEO: John H. Streicker
Apartments with Ownership Interest: 42,000 - The Michaels Development Company
Headquarters:
Marlton, NJ
CEO: Robert Greer
Apartments with Ownership Interest: 40,908 - Mid-America Apartment Communities, Inc.
Headquarters:
Memphis, TN
CEO: H. Eric Bolton, Jr.
Apartments with Ownership Interest: 40,248