Equity Residential

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

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.

History[edit]

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[edit]

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

External links[edit]

References[edit]

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