Equity Residential is an integrated real estate investment trust (REIT) engaged in the acquisition, ownership, management and operation of multi-family properties. The largest publicly traded owner and operator of multiple-family properties in the U.S., the firm owns more than 1,000 communities throughout 35 states, totaling over 200,000 units. Its properties are highly diversified with respect to design and geography, ranging from high-rise to garden styles. Equity believes this diversity contributes to its stability as a company by protecting it from economic downturns centered around certain areas or social classes. Taking further advantage of its size and scope, the company offers three unique relocation programs to its tenants. The Coast-to-Coast program allows residents to move to another Equity community anywhere in the country without terminating the current lease. The Door-to-Door program allows tenants to change to a different size apartment in the same community when more space is needed or money problems arise. The Block-to-Block program makes it easy for tenants to move to another Equity community in the same city without paying lease cancellation fees. These programs help Equity retain a larger number of tenants than the industry average. Residents may also participate in a rent-to-own program in which equity credit is transferable across the country. Moreover, specially designed corporate, military and student housing plans are available. Corporate housing benefits include no security deposit, no application fee, direct-bill accounts, fully furnished units, short-term leases and credit card payment options. Military housing provides similar benefits in addition to no income requirements and military discounts. Student housing features reduced rent, sports facilities and close-to-campus locations. In recent news, Equity Residential and Prudential Relocation announced a redesigned rental program providing greater benefits for corporate clients and their relocating employees.