the pulmonary endothelium is known to be the main source of circulating ACE in the body. Main work in this field has been scientifically done by Sergeij Danilov and his group. However most of his work is on ACE I.
some papers:
Heterogeneous distribution of angiotensin I-converting enzyme (CD143) in the human and rat vascular systems: vessel, organ and species specificity.
Metzger R, Franke FE, Bohle RM, Alhenc-Gelas F, Danilov SM.
Microvasc Res. 2011 Mar;81(2):206-15. doi: 10.1016/j.mvr.2010.12.003. Epub 2010 Dec 16.
There is a work in mice which says that ACE II was primarily epithelial in the lung however:
Angiotensin converting enzyme 2 is primarily epithelial and is developmentally regulated in the mouse lung.
Wiener RS, Cao YX, Hinds A, Ramirez MI, Williams MC.
The reaction of conversion of angiotensin I is catalyzed by the converting enzyme to angiotensin II, which is located in small wells in the surface of endothelial cells of capillaries.
ACE, angiotensin I and angiotensin II are part of the renin-angiotensin system (RAS), which controls blood pressure by regulating the volume of fluids in the body. ACE is secreted in the lungs and kidneys by cells in the endothelium (inner layer) of blood vessels.