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Equity Residential was sued in a class action in 2017 due to allegations that it charged late payment fees in violation of California law. [20] [21]In 2022, the company agreed to pay approximately $2 million to settle a lawsuit filed by Attorney General for the District of Columbia Karl Racine alleging that the company offered misleading rent discounts on a rent-controlled building in ...
In 2007, the company was acquired by Tishman Speyer and Lehman Brothers in a $22.2 billion transaction. [6] At that time, the company owned interests in 359 apartment communities including 87,667 apartment units. On February 27, 2013, Equity Residential and AvalonBay Communities closed a $9 billion deal to acquire the company from Lehman ...
In August 1993, after acquiring a large portfolio from Barry Sternlicht in exchange for a 20% stake in the company, the company became a public company via an initial public offering. [13] [14] At that time, the company owned 22,000 apartments. [15] In 1976, Zell founded the predecessor to EQ Office to invest in office buildings. [16]
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Though Equity Residential (EQR) has a solid portfolio and is leveraging on technology for sales and service, its Q3 results will likely reflect choppy rental housing demand in a number of its markets.
Equity Residential to Participate in ISI Real Estate Conference CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYS: EQR) today announced that David J. Neithercut, the company's President and CEO ...
American Medical Response - emergency services, corporate headquarters in Greenwood Village, Colorado; Antero Resources - natural gas exploration; Arrow Electronics - corporate headquarters [1] Ball Aerospace & Technologies Corp. - aerospace, corporate headquarters in Westminster, Colorado [1] Bremner Biscuit Company; Coors Brewing Company ...
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