2012 NMHC 50
50 Largest U.S. Apartment Managers as of January 1, 2012

Manager Rank 2012	Manager Rank 2011	Company Name	Units Managed 2012	Units Managed 2011	Corporate Officer	HQ City	HQ State
1	1	Greystar Real Estate Partners, LLC	192,711	187,360	Robert A. Faith	Charleston	SC
2	2	Riverstone Residential Group	170,341	162,182	Walt Smith	Dallas	TX
3	4	Lincoln Property Company	144,033	133,425	Tim Byrne	Dallas	TX
4	3	Pinnacle Family of Companies	138,638	151,367	Stan Harrelson	Dallas	TX
5	5	Equity Residential	119,743	129,604	David J. Neithercut	Chicago	IL
6	7	WinnCompanies	91,920	84,817	Samuel Ross	Boston	MA
7	6	Aimco	88,530	116,491	Terry Considine	Denver	CO
8	8	Archstone	77,997	81,613	R. Scot Sellers	Englewood	CO
9	9	Camden Property Trust	67,217	63,536	Richard J. Campo	Houston	TX
10	10	Bell Partners Inc.	65,205	60,182	Steven D. Bell and Jonathan D. Bell	Greensboro	NC
11	11	FPI Management, Inc.	63,002	58,604	Dennis Treadaway	Folsom	CA
12	Newcomer	Apartment Management Consultants, LLC	59,856	52,059	Greg Wiseman	Midvale	UT
13	12	UDR, Inc.	57,743	58,340	Thomas W. Toomey	Highlands Ranch	CO
14	14	AvalonBay Communities, Inc.	57,426	54,579	Tim Naughton	Arlington	VA
15	15	Alliance Residential Company	56,952	48,520	Bruce Ward	Phoenix	AZ
16	13	Edward Rose & Sons	56,385	56,025	Warren Rose	Farmington Hills	MI
17	Newcomer¹	Hunt Companies, Inc.	51,281	34,792	Woody Hunt	El Paso	TX
18	18	MAA	49,407	46,306	H. Eric Bolton, Jr.	Memphis	TN
19	17	Fairfield Residential Company LLC	49,053	46,851	Chris Hashioka	San Diego	CA
20	16	The ConAm Group of Companies	46,700	47,400	Brad Forrester	San Diego	CA
21	23	BH Management Services, Inc.	45,907	41,641	Nicholas H. Roby	Des Moines	IA
22	22	JRK Property Holdings, Inc.	45,422	41,934	Jim Lippman	Los Angeles	CA
23	36	The Related Companies	44,289	34,439	Jeff Blau	New York	NY
24	20	Westdale Real Estate Investment & Management	43,883	44,765	Joseph G. Beard	Dallas	TX
25	27	Home Properties, Inc.	41,951	38,861	Edward J. Pettinella	Rochester	NY
26	26	Michaels Development Company	41,597	39,575	Robert J. Greer	Marlton	NJ
27	24	The Laramar Group, LLC	41,235	40,521	Thomas Klaess	Denver	CO
28	25	Village Green	39,500	40,000	Jonathan Holtzman	Detroit/Chicago	MI
29	31	Multifamily Management Services	39,100	35,800	Jeffrey Goldstein	Suffern	NY
30	28	Irvine Company Apartment Communities	38,914	38,220	Kevin Baldridge	Irvine	CA
31	29	Gables Residential	36,896	38,105	David D. Fitch	Atlanta	GA
32	37	Forest City Residential Group, Inc.	36,053	34,096	Ronald A. Ratner	Cleveland	OH
33	35	Lindsey Management Co., Inc.	35,980	34,440	James E. Lindsey	Fayetteville	AR
34	40	The Lynd Company	35,095	32,875	A. David Lynd	San Antonio	TX
35	39	Colonial Properties Trust	34,681	34,275	Thomas H. Lowder	Birmingham	AL
36	19	Milestone Management, L.P.	34,439	45,896	Steve Lamberti	Dallas	TX
37	38	McKinley, Inc.	34,056	33,922	Albert M. Berriz	Ann Arbor	MI
38	46	Essex Property Trust, Inc.	33,924	30,317	Michael Schall	Palo Alto	CA
39	32	Sentinel Real Estate Corporation	33,500	35,000	John H. Streicker	New York	NY
40	50	Berkshire Property Advisors	32,536	28,085	Frank Apeseche	Boston	MA
41	41	Concord Management Limited	32,467	32,313	Edward O. Wood, Jr.	Maitland	FL
42	34	Asset Plus Companies	32,302	34,887	Michael S. McGrath	Houston	TX
43	Newcomer	Weidner Apartment Homes	31,551	20,508	Jack O'Connor	Kirkland	WA
44	30	Capstone Real Estate Services, Inc.	31,044	36,884	James W. Berkey	Austin	TX
45	45	The John Stewart Company	30,637	30,534	Jack D. Gardner	San Francisco	CA
46	47	The Bozzuto Group	30,529	32,276	Thomas S. Bozzuto	Greenbelt	MD
47	42	CAPREIT, Inc.	30,040	31,000	Dick Kadish	Rockville	MD
48	Newcomer	Harbor Group International	28,686	22,000	Jordan Slone	Norfolk	VA
49	44	Morgan Properties	28,118	30,625	Mitchell L. Morgan	King of Prussia	PA
50	Newcomer	Orion Real Estate Services, Inc.	27,573	26,570	Kirk Tate	Houston	TX

^1.Due to changes in reporting, Hunt Companies, Inc. appears for the first time on the top managers list; however, Hunt subsidiary LEDIC Management Group, Inc. ranked No. 48 on the 2011 managers list.

2012 NMHC 50 50 Largest U.S. Apartment Managers as of January 1, 2012

2012 NMHC 50
50 Largest U.S. Apartment Managers as of January 1, 2012