The Nation's 50 Largest Apartment Owners And 50 Largest

A special Supplement to national real estate investorAPARTMENTS WITH2009 2008 CORPORATE OWNERSHIP INTERESTRANK RANK COMPANY HEADQUARTERS OFFICER 2009 200826 newcomer Bell Partners Greensboro, NC Steven D. Bell 41,405 14,43827 24 The Michaels Development Company marlton, NJ Michael J. Levitt 41,120 40,90828 newcomer Empire American Holdings, llc montvale, NJ Eli Feller 40,776 36,23329 27 Picerne Real Estate Group phoenix, AZ David R. Picerne 38,777 39,57430 23 Sentinel Real Estate Corporation new York, NY John Streicker 37,461 42,00031 28 Home Properties, Inc. rochester, NY Edward J. Pettinella 37,130 37,49632 newcomer JRK Property Holdings, Inc. los Angeles, CA James Lippman 37,079 32,24633 newcomer The Bascom Group, llc irvine, CA David S. Kim 35,674 34,17034 33 BH Equities, LLC Des Moines, IA Harry Bookey 33,209 30,89435 31 The Related Companies new York, NY Jeff Blau 32,791 31,48336 32 Colonial Properties Trust Birmingham, AL Thomas H. Lowder 32,237 31,28237 29 Morgan Stanley new York, NY John Buza 31,896 33,77238 30 Morgan Properties King of Prussia, PA Mitchell Morgan 31,238 31,67039 34 Westdale Real Estate Investment & Management Dallas, TX Joseph G. Beard 30,620 30,29440 35 UBS Global Asset Management, Global Real Estate - US Hartford, CT David J. Ingram 30,539 29,74441 38 Lindsey Management Co. Fayetteville, AR James E. Lindsey 29,091 27,58142 37 Babcock & Brown Residential llc charlotte, NC Philip S. Payne 27,816 28,15343 39 Essex Property Trust, Inc. irvine, CA Keith R. Guericke 26,868 27,48944 42 Berkshire Property Advisors Boston, MA Frank Apeseche 26,525 25,38245 40 Madison Apartment Group philadelphia, PA Joseph F. Mullen 25,280 25,97646 41 BRE Properties, Inc. san Francisco, CA Constance B. Moore 25,276 25,88747 44 AMLI Residential Properties chicago, IL Gregory T. Mutz 23,982 23,45748 43 Southern Management Corporation vienna, VA David H. Hillman 23,730 23,72249 46 Milestone Management Dallas, TX Steve Lamberti 21,540 21,96450 45 Post Properties, Inc. Atlanta, GA David P. Stockert 21,190 22,249APRIL 2009 NMHC 50 5