Equity Residential Prices 15.068M Share Offering
Equity Residential (NYSE: EQR) announced today the pricing of the underwritten secondary public offering of 15,068,000 of its common shares by Jupiter Enterprise LP, an indirect subsidiary of Lehman Brothers Holdings 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.
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