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Wednesday, April 7, 2010 as of 11:14 AM ET

Equity Residential

Equity Residential is a member of the S&P 500, a publicly traded real estate investment trust based in Chicago, IL.

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  1. Sam Zell
  2. Real Estate
  3. Leveraged Buyout
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  5. Commercial Real Estate
  6. Sub Prime Mortgage
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Lehman Confirms It Will Buy The Rest Of Archstone For $1.58 Billion

Lehman Brothers Holdings Inc.

confirmed its will buy the 26.5% stake in Archstone it doesn't already own for $1.58 billion, ending a high-stakes battle over the control of the apartment giant.The Wall Street Journal late Thursday reported the failed investment bank, which emerged from bankruptcy under a liquidation plan earlier this year, planned to buy the stake from Bank of America Corp. (BAC) and Barclays PLC (BCS), which together partnered with Lehman to buy Archstone in a 2007 leveraged buyout valued at $22 billion.Archstone owns more than 70,000 apartment buildings in the U.S. and Germany. Lehman initially owned a 47% stake in the company and the banks owned the rest.Late last fall, Equity Residential (EQR), chaired by Chicago real-estate investor Sam Zell, made a bid to buy half of the two banks' 53% stake in Archstone for $1.33 billion. But Lehman didn't want to share control of Archstone, setting off a complex battle for the past six months between Lehman and Zell.To block Zel...

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  1. Equity Residential 4Q Net Falls 46%, But FFO Improves

    DOW JONES NEWSWIRESEquity Residential's (EQR) fourth-quarter profit fell 46% as income from discontinued operations helped year-ago results, though a key metric for ...

  2. EARNINGS PREVIEW: US Multifamily REITs To Continue Trek Upward

    TAKING THE PULSE: Multifamily housing real-estate investment trusts are expected to have increased profitability on higher rents in the fourth quarter. The sector's ...

  3. Europe Continues to Loom Over U.S. Markets

    MFS Diversified Income Fund Manager James Swanson on Europe’s impact on U.S. markets and where there are opportunities for investors.

  4. How to play it: Real estate's bright spots hard to locate

    By Sam ForgioneTHE ISSUE: The S&P Indices/Case Shiller recorded a fourth consecutive month of increases. Existing home sales jumped in the latest report. Low-rate mo...

  5. Apartment Vacancies Down, Rents Climb

    The vacancy rate for U.S. apartments posted a steep decline in the first quarter and rents crept higher as the job market improves and many Americans remain unwillin...

  6. Why Commercial Real Estate is a Compelling Investment

    Marcus & Millichap Managing Director Hessam Nadji on why commercial real estate is a good investment.

  7. US apartment vacancy rate drops sharply in 3rd qtr

    By Ilaina JonasNEW YORK (Reuters) - The U.S. apartment marketrecovery was in full swing in the third quarter as vacanciesdropped sharply and rents increased because ...

  8. SURVEY-Parents buy homes within 30 minutes of family

    By Helen ChernikoffNEW YORK (Reuters) - Almost three-quarters of the parents in the United States who own a home bought within 30 minutes of family, according to a s...

  9. AvalonBay 2nd-quarter beats Street on lower expenses

    NEW YORK (Reuters) - AvalonBay Communities Inc , one of the largest U.S. apartment owners, reported better-than-expected second-quarter funds from operations, citing...

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  1. Manhattan's Residential Rents Set Another Record

    Manhattan's apartment-rental rates, already above prerecession levels, continued climbing in April as landlords held their iron grip on a supply-constrained market.T...

  2. Lehman Says Archstone Co-Owners Are Breaching Contract

    Lehman Brothers Holdings Inc. (LEHMQ) lashed out at Sam Zell's deal with Bank of America Corp. (BAC) and Barclays PLC (BCS) to extend Zell's option to buy their rema...

  3. Las Vegas Sands, Chesapeake Energy Corporation Among Stocks Down on High Volume Thursday

    These are stocks that are down on high volume today:Las Vegas Sands (NYSE:LVS) saw its price drop on above-normal volume today, as 22.4 million shares have changed h...

  4. Equity Residential 4Q Net Up 14% As Revenue, FFO Improves

    DOW JONES NEWSWIRESEquity Residential's (EQR) first-quarter earnings rose 14% as revenue and a key metric for real estate investment trusts improved.For the second q...

  5. Lehman Says Banks 'Conspired' To Offer Archstone Stake To Zell

    Lehman Brothers Holdings Inc. (LEHMQ) says its Archstone apartment company co-owners Barclays PLC (BCS) and Bank of America Corp. (BAC) "conspired" to try to sell th...

  6. Apartment Appeal Is Weakening For Some Investors

    The apartment sector, one of the best-performing of the commercial real-estate market in recent years, is starting to lose some appeal for investors.Last year, resid...

  7. Equity Residential Extends Archstone Purchase Option

    Apartment company Equity Residential (EQR) struck a deal with Bank of America Corp. (BAC) and Barclays PLC (BCS, BARC.LN) over the weekend to extend its purchase opt...

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