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Industry List > Real Estate & Construction Industry > Sample Profile
Sample Profile
EQUITY RESIDENTIAL www.equityapartments.com
Industry Group Code: 531110
Ranks within this company's industry group:
Sales: 1 Profits: 1
Properties Financial Services Construction/Dev.
Apartments: Y Mortgages: Commercial Construction:
Malls/Shopping: Title Insurance: Residential Construction:
Offices: Property Insurance: Land Development:
Hotels/Motels: Support Services:
Industrial/Warehouses: Design/Engineering:
Other:
Investments Specialty Services Brokerage
REIT: Y Property Management: Y Commercial Sales:
Online Services: Residential Sales:
Software/IT: Specialty:
Consulting:
TYPES OF BUSINESS:
Real Estate Investment Trust
Apartment Communities
Property Management





BRANDS/DIVISIONS/AFFILIATES:








CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once.
David J. Neithercut, CEO
David J. Neithercut, Pres.
Mark J. Parrell, CFO/Exec. VP
John Powers, Exec. VP-Human Resources
Bruce C. Strohm, General Counsel/Exec. VP
David S. Santee, Exec. VP-Oper.
Mark N. Tennison, Exec. VP-Dev.
Alan W. George, Chief Investment Officer/Exec. VP
Frederick C. Tuomi, Pres., Property Management
Samuel Zell, Chmn.
Phone: 312-474-1300
Fax:
Toll-Free:
Address:
2 N. Riverside Plz.
Chicago, IL 60606 US
GROWTH PLANS/SPECIAL FEATURES
Equity Residential is a real estate investment trust (REIT) engaged in the acquisition, development and management of apartment properties across the U.S. The firm conducts all operations through operating partnership ERP Operating Limited Partnership, of which it owns 95.5%. One of the leading publicly traded owners and operators of multiple-family properties in the U.S., the firm owns all or a portion of 451 properties throughout 17 states and Washington, D.C., totaling around 129,604 units. The firm’s most important markets include Seattle/Tacoma (with 43 apartment properties), Los Angeles (39), South Florida (38), Phoenix (36) and the San Francisco Bay Area (35). Its properties are highly diversified with respect to design and geography, ranging from high-rise to garden styles. It also owns housing units specially designed for corporate and military use. Corporate housing benefits include fully furnished units, free local calling, basic cable, short-term leases and direct billing options. Military housing provides similar benefits in addition to government credit card acceptance and military discounts. The firm’s corporate housing and condominium conversion businesses are handled through subsidiaries. In 2010, the company acquired luxury apartment, 425 Mass, in Washington, D.C. for $167 million; as well as three high-rise apartment towers in Manhattan for a combined total of $475 million. Employees are offered medical, dental and vision coverage; life and AD&D insurance; travel accident insurance; disability insurance; flexible spending accounts; a 401(k) plan; an employee stock purchase plan; profit sharing; discounts on apartment rent; home and auto insurance discounts; and credit card union membership.
FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full amount. Yr. 2010 note: Fiscal 2010 results were not available for all companies at press time.
  • 2010 Sales: $1,995,519
  • 2009 Sales: $1,856,503
  • 2008 Sales: $1,886,988
  • 2007 Sales: $1,824,046
  • 2006 Sales: $1,702,541
  • 2010 Profits: $295,983
  • 2009 Profits: $382,029
  • 2008 Profits: $436,413
  • 2007 Profits: $1,047,356
  • 2006 Profits: $1,072,844
Stock Ticker: EQR Employees: 4100 Fiscal Year Ends: 12/31
SALARIES/BENEFITS:
Pension Plan:
ESOP Stock Plan:
Profit Sharing: Y
Savings Plan: Y
Stock Purch. Plan: Y
Top Exec. Salary: $625,000
Bonus: $719,063
Second Exec. Salary: $425,000
Bonus: $346,587
OTHER THOUGHTS:
LOCATIONS: ('Y' = YES)
Apparent Top Female Officers:
Hot Spots for Advancement for Women/Minorities:
WSWNWSENEINTER.
YY YY Y
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