“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
#1217 Global 2000
- #937 in Assets
- #526 in Market value
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
**Video published on Vimeo by “Equity Residential “