Equity Residential
From Wikipedia, the free encyclopedia
Equity Residential (Template:NYSE: EQR) is a member of the S&P 500, a publicly-traded real estate investment trust based in Chicago, IL. The company owns or has an interest in more than 550 apartment communities in 23 states and the District of Columbia. The company also has condominium and corporate housing business lines.
The company has approximately 4,700 employees.
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[edit] History
The company was founded in 1969 by real-estate investor Sam Zell. He is also the current chairman.
It has been publicly-traded and has paid a cash dividend to shareholders every year since 1993.
[edit] Products
Equity Residential primarily develops, owns, and operates apartments. It also sells condominiums, and operates a corporate housing division.
