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Equity Residential

Equity Residential
Type Public
Traded as NYSE: EQR
S&P 500 Component
Founded 1969
Headquarters Riverside Plaza
Chicago, Illinois
, United States
Number of locations 550
Key people David Neithercut (CEO)
Revenue $2B (USD)
Employees 4000
Website .com.equityresidentialwww

Equity Residential is a member of the S&P 500, a publicly traded real estate investment trust based in Chicago, Illinois. The company owns or has an interest in more than 550 apartment communities in 13 states and the District of Columbia. The company also has condominium and corporate housing business lines.

The company has approximately 4000 employees.

Contents

  • History 1
  • Products 2
  • External links 3
  • References 4

History

The company was founded in 1969 by real-estate investor Sam Zell, who is also the current chairman. The company has been publicly traded and has paid a cash dividend to shareholders every year since 1993.

On February 27, 2013, Equity Residential closed a $9 billion deal to acquire Archstone from Lehman Brothers.[1]

Products

Equity Residential primarily develops, owns, and operates apartments. It also sells condominiums, and operates a corporate housing division.

External links

  • Equity Residential corporate information website
  • Equity Residential apartment information website
  • EquityApartments.com - Residents' account portal.

References

  1. ^ "Equity Residential Announces Closing of $9 Billion Archstone Acquisition". Yahoo! Finance. Retrieved 28 February 2013. 
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