Equity Residential

Equity Residential
Public
Traded as NYSE: EQR
S&P 500 Component
Industry Apartments
Founded 1969
Founder Samuel Zell
Headquarters Riverside Plaza
Chicago, Illinois
Key people
 David Neithercut (CEO) Samuel Zell (Chairman)
Products Apartments
Services Property Management
Revenue IncreaseUS$2.744 billion [1]
IncreaseUS$1.008 billion[1]
IncreaseUS$863 million[1]
Total assets IncreaseUS$23.157 billion[1]
Total equity IncreaseUS$10.696 billion[1]
Number of employees
 3,500 [2]
Website www.equityresidential.com

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

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.[1]

The company was added to the S&P 500 in 2001.[3] The company has paid a dividend to its common stock shareholders in every year since 1993.[4]

History

The company was founded in 1969 by real-estate investor Sam Zell, who is also the current chairman.[5]

On February 27, 2013, Equity Residential and Avalon Bay closed a $9 billion deal to acquire Archstone from Lehman Brothers.[6]

References

  1. 1 2 3 4 5 6 "Equity Residential Reports Full Year 2015 Results". Business Wire. February 2, 2016.
  2. ↑ 2014 Form 10-K
  3. ↑ "Equity Residential Added to S&P 500". PRNewswire. December 3, 2001.
  4. ↑ "Dividends".
  5. ↑ "Our Story".
  6. ↑ "Equity Residential Announces Closing of $9 Billion Archstone Acquisition". Reuters. Retrieved 5 March 2015.

External links

This article is issued from Wikipedia - version of the 11/26/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.