Equity Residential Prices 19M Common Share Offering at $54.75/Share

Equity Residential

announced Wednesday the pricing of a public offering of 19 million common shares at $54.75 per share. The Company has also granted the underwriters a 30-day option to purchase up to an additional 2.85 million common shares to cover over-allotments, if any. Settlement of the sale will occur on December 4, 2012. The Company intends to use the net proceeds from the offering of approximately $1.0 billion net of underwriting fees and estimated expenses to fund a portion of the cash purchase price for the acquisition of assets of Archstone Enterprise LP. If the acquisition is not consummated, the Company plans to use the net proceeds from the offering for working capital and general company purposes.