Rank
 Company / CEO / Headquarters / Contact Info
(P) = Public
 Top
Executive
 Number
Of Units
Managed In 2011 (vs. '10)
 2011 Revenue From MF Operations (in millions)
 What They Managed*
 Where They Managed*
1 Greystar Real Estate Partners
Charleston, SC
Website		 Robert A. Faith
 192,711
3%		 N/A
 AFF, MR, ST, IL
 National
2 Riverstone Residential Group
Dallas, TX
Website		 Walt Smith
 170,341
5%		 N/A
 AFF, MR
 National
3 Lincoln Property Co.
Dallas, TX
Website		 Tim Byrne
 144,033
8%		 $2,046
 AFF, MR, MIL
 National
4 Pinnacle Family of Cos.
Addison, TX
Website		 Rick Graf
 138,638
-8%		 N/A
 AFF, MR, MIL, ST, IL
 P, PL, WSC, M, MA, ESC, GL, SA
5
 Equity Residential (P)
Chicago, IL
Website		 David J. Neithercut
 121,974
-6%		 $1,989
 AFF, MR, MIL
 P, M, NE, MA, SA
6 WinnCompanies
Boston, MA
Website		 Samuel Ross
 91,920
8%		 N/A
 AFF, MR, MIL, IL
 P, WSC, M, NE, MA, ESC, SA
7 Apartment Investment and
Management Co. (P)
Denver, CO
Website		 Terry Considine
 88,530
-24%		 $1,041
 AFF, MR, ST
 National
8 Archstone
Englewood, CO
Website		 R. Scot Sellers
 77,038
-4%		 N/A
 AFF, MR, ST
 P, WSC, M, NE, MA, SA
9 Camden Property Trust (P)
Houston, TX
Website		 Richard J. Campo
 67,217
7%		 $665
 MR
 P, PL, WSC, M, MA, ESC, SA
10 Bell Partners
Greensboro, NC
Website		 Steven D. Bell
 63,807
2%		 $581
 AFF, MR, MIL, IL, AL
 PL, WSC, NE, MA, ESC, GL, SA
11 FPI Management
Folsom, CA
Website		 Dennis Treadaway
 62,000
7%		 $600
 AFF, MR, ST, IL
 P, PL, WSC, M, NE, MA
12 UDR (P)
Highlands Ranch, CO
Website		 Thomas W. Toomey
 60,465
4%		 $731
 MR
 P, WSC, M, NE, MA, ESC, SA
13 AvalonBay Communities (P)
Arlington, VA
Website		 Tim Naughton
 58,538
8%		 $971
 AFF, MR
 P, NE, MA, GL, SA
14 Edward Rose Building Enterprise
Farmington Hills, MI
Website		 Warren Rose
 56,385
1%		 $361
 MR
 PL, GL, SA
15 Alliance Residential Co.
Phoenix, AZ
Website		 Bruce Ward
 56,000
13%		 N/A
 AFF, MR, ST
 P, WSC, M, SA
16 Hunt Cos.
El Paso, TX
Website		 Woody L. Hunt
 51,281
83%		 $603
 AFF, MR, MIL, ST, IL
 National
17 MAA (P)
Memphis, TN
Website		 H. Eric Bolton Jr.
 49,133
6%		 $449
 MR
 WSC, M, ESC, GL, SA
18 ConAm Group
San Diego, CA
Website		 Brad
Forrester
 46,000
-3%		 N/A
 AFF, MR, IL
 P, PL, WSC, M, GL, SA
19 BH Management Services
Des Moines, IA
Website		 Nicholas Roby
 45,907
8%		 N/A
 AFF, MR, ST, IL
 P, PL, ESC, SA
20 JRK Property Holdings
Los Angeles, CA
Website		 James Lippman
 45,420
8%		 N/A
 AFF, MR
 P, WSC, M, MA, ESC, GL, SA
21 Westdale Real Estate Investment & Management
Dallas, TX
Website		 Joseph G. Beard
 43,883
-2%		 N/A
 AFF, MR, ST
 P, PL, WSC, M, ESC, GL, SA
22 Home Properties (P)
Rochester, NY
Website		 Edward J. Pettinella
 41,951
8%		 $580
 MR, IL
 NE, MA, GL, SA
23 The Michaels Development Co.
Marlton, NJ
Website		 Michael J. Levitt
 40,534
2%		 $23
 AFF, MR, MIL, IL
 National
24 Laramar Communities
Greenwood Village, CO
Website		 Jeff Elowe
 40,183
-1%		 $22
 AFF, MR, ST
 P, PL, WSC, M, NE, MA, GL, SA
25 MULTIFAMILY MANAGEMENT SERVICES
Suffern, NY
Website		 Jeffrey Goldstein
 39,100
N/A
 N/A
 AFF, MR, IL
 NE, MA, SA
26 Irvine Co. Apartment Communities
Irvine, CA
Website		 Kevin Baldridge
 38,914
2%		 N/A
 MR
 P
27 Village Green Holdings
Farmington Hills, MI
Website		 Jonathan Holtzman
 38,000
-5%		 N/A
 MR
 GL
28 Holiday Retirement
Salem, OR
Website		 Jack R. Callison Jr.
 37,073
N/A
 $1,000
 IL, AL
 National
29 Gables Residential
Atlanta, GA
Website		 David Fitch
 36,970
-1%		 $11,266
 MR
 P, WSC, NE, MA, ESC, GL, SA
30 Lindsey Management Co.
Fayetteville, AR
Website		 James E. Lindsey
 35,982
5%		 $221
 AFF, MR
 PL, WSC, ESC
31 THE LYND CO.
San Antonio, TX
Website		 A. David Lynd
 35,095
7%		 N/A
 AFF, MR, ST
 P, PL, WSC, M, ESC, GL, SA
32 Colonial Properties Trust (P)
Birmingham, AL
Website		 Thomas H. Lowder
 34,681
1%		 $336
 MR
 WSC, SA
33 Milestone Management
Dallas, TX
Website		 Steve Lamberti
 34,439
-25%		 N/A
 MR
 WSC, M, MA, ESC, SA
34 McKinley
Ann Arbor, MI
Website		 Albert M. Berriz
 34,056
0%
 $207
 AFF, MR, ST, IL
 WSC, M, MA, GL, SA
35 Essex Property Trust (P)
Palo Alto, CA
Website		 Michael J. Schall
 33,924
13%		 $458
 AFF, MR
 P
36 Sentinel Real Estate Corp.
New York, NY
Website		 John H. Streicker
 33,500
-4%		 N/A
 MR
 P, PL, WSC, M, NE, MA, ESC, SA
37 American Campus Communities (P)
Austin, TX
Website		 Bill Bayless
 32,940
7%		 $375
 ST
 P, PL, WSC, M, MA, ESC, GL, SA
38 Berkshire Property Advisors
Boston, MA
Website		 George Krupp
 32,536
5%		 $318
 MR
 P, WSC, M, NE, MA, GL, SA
39 Asset Plus Cos.
Houston, TX
Website		 Michael S. McGrath
 32,373
-11%		 N/A
 AFF, MR, ST
 P, PL, WSC, M, MA, ESC, GL, SA
40 Concord Management
Maitland, FL
Website		 Edward O. Wood Jr.
 32,348
0%
 N/A
 AFF, MR, IL, ST
 MA, GL, SA
41 Capstone Real Estate Services
Austin, TX
Website		 James W. Berkey
 31,044
-17%		 N/A
 AFF, MR, ST, IL
 WSC, M, ESC, SA
42 The John Stewart Co.
San Francisco, CA
Website		 Jack D. Gardner
 30,637
0%
 $17
 AFF, MR, IL
 P
43 The Bozzuto Group
Greenbelt, MD
Website		 Thomas S. Bozzuto
 30,529
1%		 $1,102
 AFF, MR, ST, IL
 NE, MA, SA
44 CAPREIT
Rockville, MD
Website		 Dick Kadish
 28,264
-9%		 N/A
 AFF, MR, IL
 PL, NE, MA, ESC, GL, SA
45 MORGAN PROPERTIES
King of Prussia, PA
Website		 J. Patrick O’Grady
 28,118
-8%		 $280
 AFF, MR
 MA
46 Drucker & Falk
Newport News, VA
Website		 Kellie Falk-Tillett
 26,084
9%		 N/A
 AFF, MR, MIL, ST, IL
 MA, SA
47 Eugene Burger Management Corp.
Rohnert Park, CA
Website		 Eugene Burger
 25,000
N/A
 $71
 AFF, MR, ST, IL
 P, M
48 Western National Group
Irvine, CA
Website		 Michael K. Hayde
 24,040
3%		 $350
 AFF, MR, IL
 P, M
49 Harbor Group International
Norfolk, VA
Website		 Jordan E. Slone
 22,807
N/A
 $169
 MA, SA
 AFF, MR, IL
50 Picerne Real Estate Group
Phoenix, AZ
Website		 David R. Picerne
 22,488
-50%		 N/A
 AFF, MR, ST, IL, AL, CCRC
 PL, WSC, M, NE, MA, ESC, GL, SA
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