Equity Residential is a publicly traded real estate investment trust that invests in apartments. As of December 31, 2017, the company owned or had investments in 305 properties consisting of 78,611 apartment units in Boston, New York City, Washington DC, Seattle, San Francisco, and Southern California.It is the 3rd largest apartment owner and 9th largest apartment manager in the United States. The company had its origins in Equity Finance and Management Company, founded in 1969 by real-estate investor Sam Zell.In 1993, the company acquired a large portfolio of properties from Barry Sternlicht in exchange for a 20% stake in the company.
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