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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.
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 .
For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... Federal Realty Investment Trust, Equity Residential, and Simon Property Group. Show comments ...
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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AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments. As of January 31, 2021, the company owned 79,856 apartment units in New England, the New York City metropolitan area, the Washington, D.C. metropolitan area, Seattle and California.
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