Top 50 Apartment Owners (Rankings)
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2002 NMHC 50
50 Largest U.S. Apartment Owners as of January 1, 2002

Current Rank Previous Rank Company Headquarters Corporate Officer Current Units Previous Units
1 1 Apartment Investment and Management Company Denver, CO Terry Considine 251,201 265,620
2 3 Related Capital Company New York, NY Marc D. Schnitzer 246,918 160,860
3 2 Equity Residential Properties Trust Chicago, IL Douglas Crocker, II 226,314 225,466
4 4 Lend Lease Real Estate Investments, Inc. Atlanta, GA Fred N. Pratt, Jr. 129,962 126,357
5 5 Boston Capital Boston, MA John P. Manning 110,000 106,000
6 6 SunAmerica Affordable Housing Partners, Inc. Los Angeles, CA Michael L. Fowler 107,000 95,000
7 11 Archstone-Smith Englewood, CO R. Scot Sellers 99,000 64,443
8 8 United Dominion Realty Trust, Inc. Richmond, VA Thomas W. Toomey 77,567 79,065
9 7 Whitehall Funds New York, NY Daniel Neidich 76,000 84,000
10 10 Lefrak Organization Inc. Rego Park, NY Samuel J. LeFrak 71,000 69,000
11 12 Sentinel Real Estate Corporation New York, NY John H. Streicker 62,737 62,549
12 9 Casden Properties Inc. Beverly Hills, CA Alan I. Casden 59,510 71,826
13 13 GE Capital Real Estate Stamford, CT Michael Pralle 54,726 52,500
14 17 Alliance Holdings, L.L.C. Chicago, IL Andrew W. Schor 52,691 45,652
15 14 Camden Property Trust Houston, TX Richard J. Campo 51,345 51,336
16 16 Edward Rose Building Enterprises Farmington Hills, MI Sheldon Rose 48,078 46,959
17 15 Home Properties Rochester, NY Norman Leenhouts/ Nelson Leenhouts 48,066 47,497
18 18 Lincoln Property Company Dallas, TX J. Timothy Byrne 47,691 44,702
19 - Key Global Capital Cleveland, OH Edward Chu 45,797 -
20 20 Richman Group Capital Corporation Greenwich, CT Richard P. Richman 42,526 38,272
21 21 AvalonBay Communities, Inc. Alexandria, VA Bryce Blair 41,212 37,146
22 19 Walden Dallas, TX John B. Bartling 40,297 43,541
23 23 Wachovia Securities Tax Credit Investments Charlotte, NC Ken Thompson 37,254 36,333
24 22 Milstein Properties New York, NY Howard P. Milstein 37,000 37,000
25 - Fairfield Residential LLC San Diego, CA Christopher Hashioka 36,500 -
26 24 Forest City Enterprises Cleveland, OH Charles A. Ratner 36,111 35,913
27 25 Mid-America Apartment Communities, Inc. Memphis, TN H. Eric Bolton, Jr. 33,363 33,632
28 28 UBS Realty Investors LLC Hartford, CT James W. O'Keefe, Jr. 32,171 30,623
29 26 CRI, Inc. Rockville, MD William B. Dockser 31,057 33,004
30 27 Columbia Housing Portland, OR David Sebastian 31,000 31,166
31 29 Post Properties, Inc. Atlanta, GA John A. Williams 30,897 30,247
32 31 Colson & Colson/Holiday Retirement Corp. Salem, OR William E. Colson 30,891 29,668
33 32 Prudential Real Estate Investors Parsippany, NJ Bernard Winograd 30,626 28,413
34 33 WNC & Associates, Inc. Costa Mesa, CA Wilfred N. Cooper, Sr. 28,557 26,773
35 35 AMLI Residential Properties Trust Chicago, IL Allan J. Sweet 27,258 26,147
36 38 Gables Residential Trust Atlanta, GA Chris D. Wheeler 26,860 24,774
37 37 Security Properties, Inc. Seattle, WA John M. Orehek 26,522 24,853
38 34 Northwestern Mutual Milwaukee, WI Ed Zore 25,843 26,161
39 42 Raymond James Tax Credit Funds, Inc. St. Petersburg, FL Ronald Diner 25,136 23,314
40 39 Trammell Crow Residential Atlanta, GA J. Ronald Terwilliger 23,355 24,503
41 44 TVO Realty Partners Chicago, IL Wayne A. Vandenburg 23,302 23,250
42 - Pinnacle Realty Management Company Seattle, WA Stan J. Harrelson 23,168 11,460
43 46 Southern Management Corporation Vienna, VA David H. Hillman 22,600 22,477
44 50 Westdale Asset Management, Ltd. Dallas, TX Joseph G. Beard 22,553 20,956
45 - CLK Management Corporation Great Neck, NY Craig Koenigsberg 22,153 -
46 - Irvine Apartment Communities Newport Beach, CA Max Gardner 22,045 19,912
47 36 Kushner Companies Florham Park, NJ Charles Kushner 22,000 25,000
48 41 Berkshire Realty Holdings, L.P. Boston, MA David J. Olney 21,960 23,812
49 47 ConAm Management Corporation San Diego, CA Daniel J. Epstein 21,800 22,000
50 45 BH Management Services, Inc. Dallas, TX Laurie Lyons 21,626 22,786

To ensure the 2002 NMHC 50 is as complete and accurate as possible, NMHC staff gathered names of apartment owners and managers from a wide range of sources. A senior officer from each firm was contacted for the information included in the rankings, which are for properties owned or managed on January 1, 2002. Although membership in the National Multi Housing Council is not required for inclusion in the survey, 83 percent of the firms appearing in this year's rankings are NMHC members. NMHC expresses appreciation to the industry leaders for their participation in this annual effort.

The NMHC 50 was compiled and analyzed by NMHC staff members Doug Bibby, Doris Collins, Jill Meron, and Mark Obrinsky. The NMHC 50 tallies rental apartments including rental housing for seniors. Condominiums and cooperatives are excluded, as are hotel rooms, nursing homes, hospital rooms, and mobile homes. Pension fund advisory firms are listed only if they have direct ownership interests (as opposed to interests as fiduciaries) or serve directly as property managers.