CPN 2008 GreenBook

REITs BRE Properties Inc. BRE Properties Inc. develops, acquires and manages apartment communities that offer convenient access to work locations, shopping outlets, entertainment options and transit stations in supply-constrained western U.S. markets. It owns joint-venture interests in 13 additional apartment communities totaling 4,080 units and seven other properties encompassing 2,253 units that are in CONSTANCE MOORE various stages of development. During the President & CEO BRE Properties Inc. first quarter of 2008, it delivered three new California communities in Emeryville, Orange and Pasadena. The company directly owns and operates 80 communities totaling 22,680 units in California, Arizona and Washington. communities, including Allentown, Pa.’s Trexler Park, expected to open this year. In March 2008, the company acquired a 1.4-acre development parcel in Silver Spring, Md.; it is proceeding with the approval of a final site plan, which includes the construction of as many as 314 apartment units and 5,300 square feet of retail space. Mid-America Apartment Communities Inc. Mid-America Apartment Communities Inc., an apartment-only REIT, owns a portfolio of more than 41,000 apartment units across the United States’ high-growth Sunbelt region. It regularly acquires and selectively sells properties and actively improves and upgrades its communities, continuously offering high-quality homes to its residents. Among its green efforts, the company develops communities that meet or exceed local energy-efficiency standards. Camden Property Trust Camden Property Trust, an S&P 400 company, owns and operates apartment communities, focusing on high-growth U.S. markets. Since Camden’s IPO in 1993, the company has grown from 310 employees and 6,000 apartments in Texas to almost 2,000 employees and more than 60,000 apartments nationwide. One of the largest publicly traded multi-family REITs in the nation, Camden owns and operates 181 properties containing almost 63,000 apartment units in 13 states and WashingRICHARD CAMPO ton, D.C. Upon the completion of 11 propChairman & CEO Camden Property Trust erties under development, the company’s portfolio will increase to 66,301 units across 192 properties. TOM GRIMES Executive Vice President & Director of Property Management Operations Mid-America Apartment Communities Inc. Post Properties Inc. Post Properties Inc., founded more than 36 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. It develops and manages branded resortstyle garden and high-density urban apartments, as well as condominiums. It also converts existing apartments into for-sale multi-family communities. Headquartered in Atlanta, it operates in 10 markets, owns 22,437 units across 62 communities and is developing 535 forDAVID STOCKERT sale condo units in four communities. President & CEO Post Properties Inc. Through a taxable REIT subsidiary, Post Properties is converting 349 apartment units in two communities into for-sale condos. The company has called off its search for a buyer and plans to continue to realize value through asset sales, repayment of debt, cutting of costs where appropriate and careful evaluation of the projects in its development pipeline. Post has also joined the environmental movement. It constantly refines its operations in light of green concerns and strives to educate both its associates and residents on bestpractice programs and processes. Colonial Properties Trust Colonial Properties Trust manages commercial assets through joint-venture investments and development opportunities. It owns or manages almost 39,000 apartment units, more than 16 million square feet of office space and 8 million square feet of retail space in the Sunbelt. Headquartered in Birmingham, Ala., it is listed on the New York Stock Exchange under the symbol CLP and is included in the S&P SmallCap 600 Index. In July RAY HUTCHINSON 2008, the firm sold five apartment comExecutive Vice President Colonial Properties Trust munities in two transactions as part of its plan to reduce leverage through the sale of primarily older multi-family assets. Home Properties Inc. Home Properties Inc. owns, operates, develops and rehabilitates apartment communities, primarily in selected Northeast, Mid-Atlantic and Southeast Florida markets. The firm operates 118 communities totaling 38,047 units. Of those residences, it directly owns 36,897 units across 116 communities, owns and manages 868 units as general partner and manages 282 units for other owners. Home Properties’ development pipeline encompasses five Tarragon Corp. Tarragon Corp. develops multi-family housing for rent and for sale, concentrating its operations in the Northeast, Florida, Texas and Tennessee. In March 2008, the company formed two ventures with Northland Investment Corp. to own the 21,000 apartment units across 83 properties that the two firms control. Another joint venture WILLIAM FRIEDMAN CEO will provide property, asset and conTarragon Corp. struction management services. At press time, Tarragon was subject to delisting from The EDWARD PETTINELLA President & CEO Home Properties Inc. 18 Commercial Property News The 2008 Multi-Family Greenbook

Table of Contents Feed for the Digital Edition of CPN 2008 GreenBook

CPN 2008 Greenbook Table of Contents Industry Update Green Update Giants Owners, Managers & Developers REITs Finance Firms Seniors Housing Providers Service Firms Software Providers Activity Index Alphabetical Master Listings

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