CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR) today announced that the company has closed on its previously announced acquisition of Longacre House, a 293-unit apartment tower located in Midtown Manhattan. On February 1, 2010, Equity Residential announced that it had acquired two Manhattan apartment towers (RiverTower and 777 Sixth Avenue) and signed a contract to acquire this third tower.

Equity Residential now owns and operates 26 properties, consisting of 7,320 apartment units, in the New York Metro Area, including 14 properties consisting of 3,825 apartment units in Manhattan.

Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 494 properties located in 23 states and the District of Columbia, consisting of 136,886 apartment units. For more information on Equity Residential, please visit our website at www.equityapartments.com.

    Source: Equity Residential