David J. Neithercut, CEO
David J. Neithercut, Pres.
Mark J. Parrell, CFO/Exec. VP
John Powers, Exec. VP-Human Resources
Bruce C. Strohm, General Counsel/Exec. VP/Corp. Sec.
David S. Santee, Exec. VP-Oper.
Mark N. Tennison, Exec. VP-Dev.
Alan W. George, Chief Investment Officer/Exec. VP
Frederick C. Tuomi, Pres., Property Management/Exec. VP
Samuel Zell, Chmn.
Phone:
312-474-1300
Fax:
312-454-8703
Toll-Free:
Address:
2 N. Riverside Plz.
Chicago, IL 60606 US
GROWTH PLANS/SPECIAL FEATURES
Equity Residential is a real estate investment trust (REIT) engaged in the acquisition, development and management of apartment properties across the U.S. The firm conducts all operations through operating partnership ERP Operating Limited Partnership, of which it owns 95.7%. One of the leading publicly traded owners and operators of multiple-family properties in the U.S., the firm owns all or a portion of 427 properties throughout 15 states and Washington, D.C., totaling 121,974 units. The firm’s most important markets include Seattle/Tacoma (with 43 apartment properties), Los Angeles (46), South Florida (39), Phoenix (31) and the San Francisco Bay Area (37). Its properties are highly diversified with respect to design and geography, ranging from high-rise to garden styles. It also owns housing units specially designed for corporate and military use. Corporate housing benefits include fully furnished units, free local calling, basic cable, short-term leases and direct billing options. Military housing provides similar benefits in addition to government credit card acceptance and military discounts. The firm’s corporate housing and condominium conversion businesses are handled through subsidiaries. In December 2011, the company agreed to acquire a 26.5% interest in Archstone, an owner, operator and developer of multifamily apartment complexes.
FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full
amount. Yr. 2010 note: Fiscal 2010 results were not available for all companies
at press time.
- 2010 Sales: $1,995,519
- 2009 Sales: $1,856,503
- 2008 Sales: $1,886,988
- 2007 Sales: $1,824,046
- 2006 Sales: $1,702,541
- 2010 Profits: $295,983
- 2009 Profits: $382,029
- 2008 Profits: $436,413
- 2007 Profits: $1,047,356
- 2006 Profits: $1,072,844
Stock Ticker: EQR
Employees: 3800
Fiscal Year Ends: 12/31