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Equity Residential, AvalonBay Report Strong Quarters

Equity Residential (EQR) and AvalonBay Communities Inc. (AVB), two of the U.S.'s largest publicly held apartment landlords, reported strong quarters late Tuesday, reflecting the rental market's continued strength.But there are signs that the red-hot sector could be cooling as rental growth slows and low mortgage rates continue luring buyers into the ownership market. In a conference call with analysts and investors early Tuesday, competitor Post Properties Inc. (PPS) said turnover and moveouts to buy homes picked up in its latest quarter, while it is offering concessions to lure buyers to some communities.The apartment market has done well since the housing and financial markets crashed and buyers flocked to the rental lifestyle. The Census Bureau reported Tuesday that homeownership in the U.S. continued fell to its lowest rate in nearly 18 years during the first quarter.But developers are rushing to deliver new supply, leaving some markets, including Washington, D.C., and Seattle, vul...

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  1. Murdoch eyes LA Times, Chicago Tribune: report

    News Corp Chairman and CEO Rupert Murdoch is looking to buy the Los Angeles Times, one of the country's largest newspapers, from struggling media conglomerate Tribun...

  2. Murdoch eyes LA Times, Chicago Tribune: report

    News Corp Chairman and CEO Rupert Murdoch is looking to buy the Los Angeles Times, one of the country's largest newspapers, from struggling media conglomerate Tribun...

  3. Equity Residential 2nd Quarter Net Down 81% on Discontinued Operations

    Equity Residential's (EQR) second-quarter earnings sank 81%, compared with a year-ago period that was boosted by the real estate investment trust's gains on disconti...

  4. 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 cont...

  5. 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...

  6. 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...

  7. 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...

  8. ADR Report: Shares Lower Following Bernanke Remarks

    International companies trading in New York closed lower Wednesday, in line with the broader market, after Federal Reserve Chairman Ben Bernanke quashed any hopes of...

  9. 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...

  10. 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 ...

  11. Tribune's creditors make final bankruptcy pitch

    By Tom HalsWILMINGTON, Delaware (Reuters) - Two years after real-estate mogul Sam Zell's brief control of Tribune Co ended in bankruptcy, warring creditors made thei...

  12. Going Against the Housing Grain

    Imagine a time when real estate prices are low and falling. Confidence in the market is -- well, there is no confidence in the market. Investors are sitting on their...

  1. Equity Residential 4th-Quarter Profit Surges on Sales, Rental Income

    Equity Residential's (EQR) fourth-quarter profit surged as the apartment landlord benefited from real-estate sales, and rental income grew.The country's largest apar...

  2. Tribune, out of Chapter 11, set to begin makeover as TV company

    Tribune Co, which started by publishing the Chicago Tribune on a hand press in 1847, sees a future in broadcasting, one not likely to include the major newspapers th...

  3. Publisher Tribune emerges from four-year bankruptcy

    U.S. media giant Tribune Co emerged from bankruptcy on Monday, ending four years of Chapter 11 reorganization and potentially setting itself up for a future without ...

  4. Publisher Tribune to exit bankruptcy December 31: sources

    The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, will emerge from bankruptcy on December 31, sources said on Friday, ending four years of Chap...

  5. Lehman Sells Landlord Archstone for $6.5 Billion

    Equity Residential (EQR) and AvalonBay Communities Inc. (AVB) are acquiring Archstone Enterprise LP, a portfolio of apartment properties, from Lehman Brothers Holdin...

  6. Tribune Co gets FCC approval, nears bankruptcy exit

    Tribune Co, the owner of the Chicago Tribune, Los Angeles Times and 23 television stations, said on Friday it received a key regulatory approval needed to end its ne...

  7. Equity Residential Third-Quarter Net Surges on Rents, Gains

    Equity Residential's (EQR) third-quarter profit more than doubled as the real-estate investment trust reported higher rental income as well as one-time gains.The com...

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