{ "schemaVersion": 1, "organisationId": "O-53acb6bd8e454171960d3acf56b6b174", "slug": "equity-residential", "name": "EQUITY RESIDENTIAL", "updatedAt": "2026-09-28T11:42:06.330952Z", "sections": [ { "type": "OVERVIEW", "text": "Equity Residential is a U.S. real estate investment trust that owns and operates rental apartment communities. Its business centers on acquiring, developing and managing multifamily properties, and its stated purpose is “Creating communities where people thrive.” [P29885059][P53753603]\n\nThe company’s portfolio is concentrated in major U.S. metropolitan areas, including Boston, New York, Washington, D.C., Southern California, the San Francisco Bay Area and Seattle, with a presence in Atlanta, Austin, Dallas–Fort Worth and Denver. At December 31, 2025, it had interests in 312 properties comprising 85,190 apartment units. It reported approximately $3.09 billion in 2025 rental income and employed about 2,400 people. [P59088904][T2079045][T7899063][P9758580]\n[P29885059][P53753603][P59088904][T2079045][T7899063][P9758580]", "updatedAt": "2026-09-28T11:42:06.330952Z" }, { "type": "PRODUCTS", "text": "Equity Residential’s principal product is rental apartment homes. Its communities offer property-specific floor plans and amenities; one community, Axis at Shady Grove, lists studio, one-, two- and three-bedroom apartments, landscaped courtyards, grilling areas and a swimming pool. Residential leases can also include utility recoveries, parking, storage and pet rent. The company leases some non-residential space, including retail space, and operates public parking garages. [https://www.equityapartments.com/maryland/rockville/axis-at-shady-grove-apartments][P51220829][P67416956]\n\nResidents can use the MyEquity app or portal to pay rent and submit service requests. Equity Residential also offers a Total Satisfaction Guarantee under which a resident who cancels during the first 30 days of a lease pays only for the days they lived in the apartment. In 2025, residential rentals accounted for approximately 96.5% of total rental income, with non-residential rentals accounting for approximately 3.5%. [https://www.equityapartments.com/contact][https://www.equityapartments.com/content/equity-residential-resident-benefits.html][T2221863]\n[P51220829][P67416956][T2221863][T2221863][T2221863][https://www.equityapartments.com/maryland/rockville/axis-at-shady-grove-apartments][https://www.equityapartments.com/contact][https://www.equityapartments.com/content/equity-residential-resident-benefits.html]", "updatedAt": "2026-09-28T11:42:06.330952Z" }, { "type": "GEOGRAPHY", "text": "Equity Residential’s apartment portfolio is concentrated in U.S. metropolitan markets. At December 31, 2025, it comprised 312 properties and 85,190 units. Southern California—Los Angeles, Orange County and San Diego—was its largest grouping, with 20,366 units. Other major markets included Washington, D.C., San Francisco, Seattle, New York and Boston; the portfolio also included properties in Denver, Atlanta, Dallas–Fort Worth and Austin. [P10980222][https://www.sec.gov/Archives/edgar/data/906107/000119312526051433/eqr-20251231.htm]\n\nIn 2025, Southern California accounted for 24.5% of same-store rental income, followed by New York at 17.6%, San Francisco at 16.0%, Washington, D.C. at 15.7%, Boston at 11.2% and Seattle at 9.5%. These percentages describe same-store rental income, not total company revenue. Equity Residential is headquartered in Chicago, Illinois, and has regional property-management offices in most of its markets. 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[P109542830][P45228693][P5078375]\n\nIn 2025, same-store properties generated approximately **92% of total net operating income (NOI)**, while non-same-store properties generated approximately **6%**. An “Other” reconciliation category, which includes development, other corporate operations and operations before the sale of disposed properties, accounted for the remaining approximately **1%**; it is not a reportable segment. Within same store, NOI is also disclosed by market, with Southern California, San Francisco, Washington, D.C., and New York the largest contributors. These markets are geographic breakdowns of same store, not additional reportable segments. [P81902311][P73963609][https://www.sec.gov/Archives/edgar/data/906107/000119312526051433/eqr-20251231.htm]\n[P109542830][P45228693][P5078375][P81902311][P73963609][T2263624][T2263624][T2263624][T2263624][https://www.sec.gov/Archives/edgar/data/906107/000119312526051433/eqr-20251231.htm]", "updatedAt": "2026-09-28T11:42:06.330952Z" }, { "type": "HISTORY", "text": "Equity Residential traces its origins to a real-estate business founded by Sam Zell. He took its predecessor public on the New York Stock Exchange in August 1993. The company expanded through acquisitions, including a 1997 merger with Wellsford Residential Property Trust. In the early 2000s, it began shifting its portfolio toward apartments in higher-density urban markets; in 2006, it sold its Lexford Housing Division, a portfolio outside that focus. [https://investors.equityapartments.com/news-events/press-releases-news/news-details/2023/Equity-Residential-Mourns-Death-of-Founder-and-Chairman-Samuel-Zell/default.aspx][https://www.sec.gov/Archives/edgar/data/906107/0000950131-97-003740.txt][https://www.annualreports.com/HostedData/AnnualReportArchive/e/NYSE_EQR_2013.pdf][https://www.sec.gov/Archives/edgar/data/906107/000110465906065251/a06-20742_18k.htm]\n\nA major step in that repositioning came in 2013, when Equity Residential completed its approximately $9 billion share of the joint acquisition of Archstone with AvalonBay Communities. In 2016, it sold 23,262 apartments to Starwood Capital affiliates for $5.365 billion. Mark Parrell succeeded David Neithercut as chief executive at the end of 2018. 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