Equity Residential · Chicago, IL United States ·(NYSE: EQR)
Company Description
Phone: 312-474-1300
Fax: 312-454-8703
Rankings
- S&P 500
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The "Grave Dancer" is also the lord of the rents. Sam Zell (whose moniker springs from his buying and turning around moribund properties) is at the head of the conga line at Equity Residential, the nation's #1 apartment owner by sales. Rival AIMCO owns more units, but its affordable-housing focus keeps its revenue more modest. Equity Residential wholly or partially owns some 550 communities with 150,000 units, comprising garden units, mid- and high rises, and military housing. A real estate investment trust (REIT), Equity Residential also provides property leasing, development, managment, and other support operations. The company focuses on fast-growth regions such as Southern California and New York. To read the full description, subscribe now.
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Key Equity Residential Financials
| Company Type | Public - NYSE: EQR Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,103.2 |
| 2008 Employees | 4,700 |
Equity Residential Executives
30 executives listed for Equity Residential's Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman | Samuel Zell | Network |
| Vice Chairman | Gerald Spector | Network |
| President, CEO, and Trustee | David Neithercut | Network |
Competition
Competitive Landscape for Equity Residential
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Equity Residential Competitors
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