Rank
 Company Headquarters / Contact Info
(P) = Public
 Top Executive
 2011 Units Renovated
(vs. '10)
2011 Revenue From MF Operations
(in millions)
 What They Renovated*
Where They Renovated*
1 IMT Residential
Sherman Oaks, CA
Website		 John Tesoriero
 9,348
N/A
 N/A
 MR
 P, WSC, M, SA
2 Home Properties (P)
Rochester, NY
Website		 Edward J. Pettinella
 5,800
93%		 $580
MR, IL
 NE, MA, GL, SA
3 Lincoln Property Co.
Dallas, TX
Website		 Tim Byrne
 5,000
N/A
 $2,046
 AFF, MR, MIL
 P, PL, WSC, M, MA, GL, SA
4 AvalonBay Communities (P)
Arlington, VA
Website		 Tim Naughton
 3,312
101%		 $989
AFF, MR
 P, NE, MA, SA
5 MAA (P)
Memphis, TN
Website		 H. Eric Bolton Jr.
 3,118
77%		 $449
 MR
 WSC, M, ESC, GL, SA
6 CAPREIT
Rockville, MD
Website		 Dick Kadish
 2,395
84%		 N/A
 AFF, MR
 NE, MA, ESC, GL, SA
7 Bell Partners
Greensboro, NC
Website		 Steven D. Bell
 2,307
65%		 $597
MR
 WSC, MA, ESC, SA
8 Alliance Residential Co.
Phoenix, AZ
Website		 Bruce Ward
 1,817
N/A
 N/A
 MR
 P, M , SA
9 Fincor Construction
Columbia, MD
Website		 Michael Finn
 1,800
N/A
 $10
AFF, MR
 MA, SA
10 Cottonwood Residential
Salt Lake City, UT
Website		 Daniel Schaeffer
 1,500
N/A
 N/A
 MR
 SA
11 McKinley
Ann Arbor, MI
Website		 Albert M. Berriz
 1,449
-40%		 $273
MR
 SA
12 Pinnacle Family of Cos.
Addison, TX
Website		 Rick Graf
 1,400
65%		 N/A
 MR, ST
 P, PL, WSC, M, ESC, GL, SA
13 The Michaels Development Co.
Marlton, NJ
Website		 Michael J. Levitt
 1,280
N/A
 $207
AFF
 MA, ESC, GL
14 Berkshire Property Advisors
Boston, MA
Website		 George Krupp
 1,222
108%		 N/A
 MR
 GL
15 JRK Property Holdings
Los Angeles, CA
Website		 James Lippman
 1,185
-61%		 N/A
 MR, AFF, IL
 P, MA, SA
16 Preservation of
AFFordable Housing
Boston, MA
Website		 Amy S. Anthony
 1,101
N/A
 $70
AFF, IL
 NE, GL, SA
17
(17)
 CLARK BUILDERS
Arlington, VA bull 703-294-4500
Website		 Glenn Ferguson
 1,020
39%		 N/A
 MIL
 P, SA
18 Prime Property Investors
Northbrook, IL
Website		 Barbara Gaffen, Michael Zaransky
 935
N/A
 $32
MR, ST
 ESC, GL
19 Village Green Holdings
Farmington Hills, MI
Website		 Jonathan Holtzman
 750
69%		 N/A
 MR
 P, WSC, MA, SA
20 Irvine Co. Apartment
Communities
Irvine, CA
Website		 Kevin Baldrige
 680
0%
 N/A
 MR
 P
21 Corcoran Jennison Co.
Boston, MA
Website		 Michael J. Corcoran
 650
N/A
 $200
AFF, MR
 NE
22 Flaherty & Collins Properties
Indianapolis, IN
Website		 David Flaherty
 649
N/A
 $239
AFF, MR
 GL
23 The Woda Group
Westerville, OH
Website		 Jeffrey Woda
 640
N/A
 $562
AFF
 MA, ESC, GL, SA
24 The Bozzuto Group
Greenbelt, MD
Website 		Thomas S. Bozzuto
 626
51%		 $115
AFF, MR
 SA
25
(22)
 The Bascom Group
Irvine, CA bull 949-955-0888
Website		 David Kim
 581
1%		 $201
AFF, MR, IL, AL, CCRC
 MA
AFF= Affordable | AL= Assisted Living | CCRC= Continuing Care Retirement Community | IL= Independent Living | MIL= Military | MR= Market Rate | ST= Student Housing | ESC= East South Central | GL= Great Lakes | M= Mountain | MA= Mid-Atlantic | NE= New England | P= Pacific | PL = Plains | SA= South Atlantic | WSC= West South Central