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Equity Residential

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Type  Public
Founded  1969
Revenue  2.744 billion USD
Industry  Apartments
Founder  Samuel Zell
Equity Residential httpsuploadwikimediaorgwikipediaen44eEqu
Traded as  NYSE: EQR S&P 500 Component
Key people  David Neithercut (CEO) Samuel Zell (Chairman)
Stock price  EQR (NYSE) US$ 61.96 -0.17 (-0.27%)10 Mar, 4:01 PM GMT-5 - Disclaimer
Headquarters  Chicago, Illinois, United States
CEO  David Neithercut (Jan 2006–)
Parent organization  ERP OPERATING LTD PARTNERSHIP

Equity residential ceo sees opportunities as reits gain market recognition


Equity Residential is a publicly traded real estate investment trust based in Chicago, Illinois.

Contents

As of January 31, 2016, the company owned or had investments in 316 properties consisting of 85,391 apartments located primarily in Boston, New York City, Washington DC, Seattle, San Francisco, and Southern California.

The company was added to the S&P 500 in 2001. The company has paid a dividend to its common stock shareholders in every year since 1993.

Equity residential celebrates 20 years of trading


History

The company was founded in 1969 by real-estate investor Sam Zell, who is also the current chairman.

On February 27, 2013, Equity Residential and AvalonBay Communities closed a $9 billion deal to acquire Archstone from Lehman Brothers.

References

Equity Residential Wikipedia


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