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APARTMENT MANAGERS: A YEAR OF GROWTH

Published Monday, July 01, 2002

LAST YEAR WAS A VERY ACTIVE ONE FOR ENGLEWOOD, Colo.-based Archstone-Smith (NYSE:ASN) — and that is reflected in the REIT's performance in the National Multi Housing Council's (NMHC) annual listing of the largest apartment managers. At the end of last year, the company had a management interest in 103,000 apartment units, an increase of about 62% from the start of 2000. No other apartment manager's portfolio grew by more units. In this year's rankings, the company placed fifth overall, up one spot from last year. The vast majority of the units were added last fall, when Archstone (then ...

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