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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.
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The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [1]The following is a list of notable publicly-traded real estate investment trusts based in the United States.
In 2001, the company acquired Charles E. Smith Residential Realty, the apartment company founded by Charles E. Smith and the largest real estate owner in the Washington, D.C. metropolitan area, in a $2.2 billion transaction. [4] [5] In 2007, the company was acquired by Tishman Speyer and Lehman Brothers in a $22.2 billion transaction. [6]
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2. Put extra money toward your mortgage payments. Paying $50 to $100 more per month can make a real difference in building your equity and reducing the interest you pay over the life of your loan.
While in school, Zell managed a 15-unit apartment building in return for free room and board. [2] By the time of his graduation, he was managing several properties and was netting $150,000. [ 8 ] Joined by his fraternity brother Robert H. Lurie , he won a contract with a large apartment development owner in Ann Arbor .
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