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Equity Residential
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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