CHICAGO--(BUSINESS WIRE)--
Equity Residential (NYSE: EQR) announced today the underwritten
at-the-market secondary public offering of 15,068,000 of its common
shares by Jupiter Enterprise LP, an indirect subsidiary of Lehman
Brothers Holding Inc., as the selling shareholder. The 15,068,000 common
shares being offered are part of the 34,468,085 common shares issued to
the selling shareholder in connection with Equity Residential’s
acquisition of a portion of the Archstone apartment community portfolio
in February 2013. The offering is being made under an effective shelf
registration statement filed by Equity Residential with the Securities
and Exchange Commission (the “SEC”). Neither Equity Residential nor any
of its affiliates, including officers and trustees, will sell any shares
in the offering.
Goldman, Sachs & Co. is acting as the sole book-running manager for the
offering. The offering of the securities is being made by means of a
prospectus supplement and accompanying prospectus only, copies of which
may be obtained from Goldman, Sachs & Co., Attention: Prospectus
Department, 200 West Street, New York, New York 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316, or by emailing prospectusny@ny.email.gs.com,
or, alternatively, when they become available, for free by visiting
EDGAR on the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of, these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Equity Residential
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 416
properties located in 13 states and the District of Columbia, consisting
of 118,778 apartment units.
Forward-Looking Statements
In addition to historical information, this press release contains
forward-looking statements and information within the meaning of the
federal securities laws. These statements are based on current
expectations, estimates, projections and assumptions made by management.
While Equity Residential’s management believes the assumptions
underlying its forward-looking statements are reasonable, such
information is inherently subject to uncertainties and may involve
certain risks, including, without limitation, changes in general market
conditions, including the rate of job growth and cost of labor and
construction material, the level of new multifamily construction and
development, competition and local government regulation. Other risks
and uncertainties are described under the heading “Risk Factors” in our
Annual Report on Form 10-K and subsequent periodic reports filed with
the Securities and Exchange Commission (SEC) and available on our
website, www.equityapartments.com.
Many of these uncertainties and risks are difficult to predict and
beyond management’s control. Forward-looking statements are not
guarantees of future performance, results or events. Equity Residential
assumes no obligation to update or supplement forward-looking statements
that become untrue because of subsequent events.
Equity Residential
Marty McKenna, 312-928-1901
Source: Equity Residential