Equity Residential owns, develops, and manages apartment buildings in urban and high-density suburban areas for affluent renters. The company generates revenue by leasing units and managing properties through its own local offices rather than hiring third-party firms. It distinguishes itself by operating as an UPREIT, which allows property owners to sell their buildings to the company in exchange for tax-deferred partnership units. The company's goal is to provide long-term value to investors by maintaining a portfolio of high-quality residential real estate in major U.S. cities.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
1967
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