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Equity Residential 

“Market Cap $21.15 B As of May 2014

At a Glance

  • Industry: Real Estate
  • Founded: 1993
  • Country: United States
  • CEO: David Neithercut
  • Website: www.equityresidential.com
  • Employees: 3,600
  • Sales: $2.44 B
  • Headquarters: Chicago, Illinois

Forbes Lists

#1217 Global 2000

  • #937 in Assets
  • #526 in Market value
Profile

Equity Residential operates as a real estate investment trust. It engages in the acquisition, development and management of high-quality apartment properties. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

” Equity Residential Story

In the early 1960s, two guys at the University of Michigan – Sam Zell and Bob Lurie – started managing student apartment buildings. Over the next five decades, the buildings would change but the basic philosophy would remain the same: invest in properties at the right price and hire the best people to manage them well.

It’s Been Quite a Ride

From that modest beginning rose an industry leader, one that joined the NYSE in 1993 and was the first apartment company in the S&P 500 in 2001.

Today, our portfolio of high-quality properties in growth markets – New York City, Boston, Washington DC, Seattle, San Francisco and Los Angeles, to name a few – provides homes where people most want to live.

We still buy, build, rehab and manage our apartment communities, but along the way, we didn’t just grow; we transformed how business is done. From our state-of-the-art operating system to the way we develop our people, cultivate our culture and connect with our residents, Equity Residential is leading the way.”

*Information from Forbes.com and Equityresidential.com

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