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Apartment Investment and Management Company (AIMCO) is a real estate investment trust (REIT) that engages in the acquisition, ownership, management, and redevelopment of apartment properties. The company rents and leases its apartment units to a diverse base of residents. It also provides management services to third-party owners. As of June 30, 2010, AIMCO owned or managed a real estate portfolio of 817 apartment properties containing approximately 129,000 apartment units located in 43 states, the District of Columbia, and Puerto Rico. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of its taxable income to its shareholders. AIMCO was founded in 1975 and is headquartered in Denver, Colorado.

Associated Estates Realty Corporation operates as a self-administered and self-managed equity real estate investment trust in the United States. It engages in property acquisition, advisory, development, management, disposition, operation, and ownership of multifamily residential units. As of June 30, 2005, it owned or property managed 113 apartment communities in 11 states consisting of 24,203 units. The company has elected to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code. Associated Estates Realty Corporation would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. Associated Estates Realty Corp. was founded in 1993 and is headquartered in Richmond Heights, Ohio.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. As of January 31, 2009, the company owned or held a direct or indirect ownership interest in 164 operating apartment communities comprising 45,728 apartment homes in 10 states and the District of Columbia. It also held a direct or indirect ownership interest in 14 communities under construction, as well as held rights to develop an additional 27 communities. The company’s markets are located in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Midwest, the Pacific Northwest, and the Northern and Southern California regions of the United States. AvalonBay Communities has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. AvalonBay Communities, Inc. was founded in 1978 and is based in Arlington, Virginia.

Berkshire Income Realty is a REIT whose objective is to acquire, own and operate, and rehabilitate multi-family apartment communities. The Company owns interests in twenty-six such multifamily apartment communities, of which six are located in the Baltimore/Washington, D.C. metropolitan area, five are located in Virginia, four are located in Houston, Texas, two are located in Dallas, Texas, two are located in the Chicago, Illinois area and one is located in each of Austin, Texas, Charlotte, North Carolina, Atlanta, Georgia, Sherwood, Oregon, Tampa, Florida, Philadelphia, Pennsylvania and Los Angeles, California. Our business focuses on the acquisition, ownership and operation of multi-family residential real estate properties. Our investment objective is to acquire well-located properties that have been neglected, and to increase the profitability of those properties through various improvement strategies. We intend to pursue these objectives by providing superior on-site property management, improving the physical appearance and living environment of the properties, and implementing renovation strategies in those instances where rental rate increases justify the costs.

Boardwalk REIT often renovates the properties after it acquires them. It also subsidizes affordable housing. Down by this Boardwalk are residential apartments scattered across Canada. Boardwalk Real Estate Investment Trust (formerly Boardwalk Equities) owns and operates more than 260 multi-family properties with some 36,000 units totaling about 40 million sq. ft. of rentable space in the provinces of Alberta, British Columbia, Ontario, Quebec, and Saskatchewan. Properties include garden and high-rise apartments, extended-stay hotel apartments, condominiums, and townhouses.

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