Equity Residential (NYSE:EQR)

Equity Residential operates as a umbrella partnership REIT and develops, manages and acquires apartment complexes across the United States.

The firm’s properties are located in urban spaces across New York, Los Angeles, San Francisco, Washington, Orange County, Denver and San Diego.

In 2018, the real estate investment trust launched a green bond and claims to be the first multifamily REIT to issue one. In addition, it claims that the proceeds from the bonds were used towards certified sustainable projects.

The American REIT owns and operates over 304 real estate properties in nine states of the US and Columbia as of December 31, 2021.

The portfolio represents a total of 7,889 apartment units reportedly.

The Illinois-based firm was founded in 1969. The company operates as a publicly listed REIT, whose units trade on NYSE under the trading symbol ‘EQR’.

The real estate investment trust (REIT) claims to focus on the safety and health of its residents. In addition, the firm facilitates regular disinfection and cleaning services with particular focus on high-touch surfaces.

The REIT firm says that it had installed hand sanitizer dispenser at various shared spaces across the communities under its portfolio, including air filtration systems at leasing offices and fitness centers.

Furthermore, Equity Residential provides regular wellness checks and thermal screening facilities reportedly.

The company also provides various discounts on the apartments, including employee rent discount which ranges upwards from 20 per cent depending on the job role and salary, reportedly.

The real estate investment trust claims to provide various employee development programs, including leadership education and skill enhancement courses.

ERP Operating Ltd Partnership, Equity Group Investments LLC, WHRP INC, Equity Residential Services LLC, Woodbine Properties, EQR Montclair LLC, QRS North Hill INC, GR Cedar Glen LP, and Feather River GP Corp are some of the affiliates and partners.