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Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments. As of December 31, 2022, the company owned or had investments in 308 properties consisting of 79,597 apartment units in Southern California , San Francisco , Washington, D.C.
In 1991, in partnership with Chilmark Partners, Zell co-founded Zell/Chilmark, a $1 billion investment fund, to invest in distressed securities.That year, it acquired $550 million in junk bonds and vendor claims against Carter Hawley stores, the parent of Broadway Stores, eventually taking control; it was sold to Federated Stores (now Macy's, Inc.) in 1995.
Next up is the Residential REIT ETF (AMEX: HAUS) -- an active pure play on U.S. residential real estate. With an expense ratio of 0.6% and a yield of 2.76%, the ETF recently paid a dividend of 13 ...
The company also sold a two-building medical office campus in San Diego, California for $97 million. [17] In June 2018, the company changed its name from Equity Office to EQ Office. [ 18 ] In 2019, the company purchased Seattle office buildings U.S. Bank Center and Docusign Tower for $1.2 billion.
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Its first purchase was of 4 buildings in San Diego which had been negotiated and structured by Kendell R. Lang. [4] In 1997, it became a public company via an initial public offering, raising $155 million. [4] In October 2002, the company acquired the headquarters of ZymoGenetics for $52 million in a leaseback transaction. [8]
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Area codes 619 and 858 are telephone area codes in the North American Numbering Plan (NANP) for most of San Diego County in the U.S. state of California. Area code 619 was created by a split of area code 714 in 1982. In 1999, a part of the 619 numbering plan area was assigned area code 858 in northwest San Diego County.
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