Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today’s renters want to live, work and play. Equity Residential owns or has investments in 303 properties consisting of 78,280 apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California.
Tag: Equity Residential
Green shoots in challenged markets
Washington, D.C., where most apartment REITs recently have experienced disappointing, albeit expected, results in occupancy and revenue, remains perhaps the most worrisome, although there...
Riding out the storm in D.C.
“I love D.C.,” said Camden Property Trust CEO Ric Campo during the apartment REIT’s second quarter earnings conference call at the beginning of August. “That’s...
Build it and they will come
Since the fourth quarter of 2009, the REIT has started and completed 27 communities, representing over $1.4 billion in total capital cost. In addition,...
D.C. dysfunction
While AvalonBay Communities' portfolio in the nation's capital achieved positive revenue growth and rent growth in Q3, revenue growth from the company's D.C. Metro...
Apartment demand to outpace supply
"While overall housing production is projected to be well below structural demand, apartment deliveries are on the rise and projected to increase over the...
Making hay while the sun shines
"The economy appears to be on a path of sustainable growth. U.S. businesses have healthy balance sheets and plenty of liquidity-consumer debt has declined...
Good-bye Archstone, hello mega-REITs
Underperformance of apartment REIT shares was a major impetus behind the defunct investment bank's decision to sell Archstone in a private sale to competitors...
The big split
Equity Residential and AvalonBay will together pay $2.69 billion in cash along with stock valued at $3.8 billion, N.Y.-based Lehman announced. The buyers, the...
Don’t worry, be happy
"We think that an improving single-family market is a good thing for the apartment markets and the economy as a whole," Camden Property Trust...
Equity Residential vies for Archstone, again
Archstone is a private company which owns, operates and develops multifamily apartment properties. It was owned by a consortium of financial institutions including Bank...
Equity Residential to take stake in Archstone
The stake would be about half of the ownership held by the two banks and sets the clock ticking for the remaining owner, Lehman...
Lehman seeks financing for Archstone counterbid
Lehman, which owns 47 percent of Archstone, is in discussions with investors including Blackstone Group LP and Brookfield Asset Management Inc. to arrange financing,...
Tune-in. Plug-in.
SemaConnect, a start-up company in Baltimore, Md., is offering apartment owners the opportunity to plug into the electric car trend and earn ancillary income...
Real estate investors look to the future and see it’s time to buy apartment...
Equity Residential, a REIT, recently bought 777 Sixth Avenue, a 32-story tower at Avenue of the Americas and 27th Street in Chelsea. "We stepped up,...
MH Feeding frenzy
"With their stocks battered over the past several years, REITs could sell a building for a lot less on a yield basis then what...
