Equity Residential
Encyclopedia
Equity Residential is a member of the S&P 500
, a publicly-traded real estate investment trust
based in Chicago
, IL. The company owns or has an interest in more than 550 apartment communities in 23 states and the District of Columbia. The company also has condominium and corporate housing business lines.
The company has approximately 4000 employees.
It has been publicly-traded and has paid a cash dividend
to shareholders every year since 1993.
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
, a publicly-traded real estate investment trust
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
based in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, IL. The company owns or has an interest in more than 550 apartment communities in 23 states and the District of Columbia. The company also has condominium and corporate housing business lines.
The company has approximately 4000 employees.
History
The company was founded in 1969 by real-estate investor Sam Zell. He is also the current chairman.It has been publicly-traded and has paid a cash dividend
Dividend
Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business , or it can be distributed to...
to shareholders every year since 1993.
Products
Equity Residential primarily develops, owns, and operates apartments. It also sells condominiums, and operates a corporate housing division.External links
- Equity Residential corporate information website
- Equity Residential apartment information website
- EquityResidents.org - Residents' community website.