Equity Residential Announces Public Offering of Common Shares

  Equity Residential Announces Public Offering of Common Shares

Business Wire

CHICAGO -- November 26, 2012

Equity Residential (NYSE: EQR) announced today that it intends to offer
approximately 19 million of its common shares. Morgan Stanley will act as
bookrunning manager for the offering. The Company intends to grant the
underwriters an option to purchase up to an additional 2.85 million common
shares to cover over-allotments, if any.

The Company plans to use the net proceeds from the offering to fund a portion
of the cash purchase price for the acquisition of assets of Archstone
Enterprise LP, which was also announced today. The closing of the offering is
not conditioned upon the consummation of the acquisition. If the acquisition
is not consummated, the Company plans to use the net proceeds from the
offering for working capital and general company purposes.

The offering of the common shares will be made under the Company’s existing
shelf registration statement. A prospectus supplement relating to the offering
will be filed with the Securities and Exchange Commission. When available, the
prospectus supplement and accompanying base prospectus relating to the
offering may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd
Floor, New York, New York 10014, Attention: Prospectus Department, telephone:
(866) 718-1649 or email: prospectus@morganstanley.com.

A registration statement relating to the common shares has been filed with the
Securities and Exchange Commission and has become effective. 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 the common shares in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. Any offer or sale will be made only by means of a prospectus
supplement, prospectus or authorized free writing prospectus which have or
will be filed with the Securities and Exchange Commission.

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 418 properties
located in 13 states and the District of Columbia, consisting of 118,986
apartment units. For more information on Equity Residential, please visit our
website at www.equityapartments.com.

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.

Contact:

Equity Residential
Marty McKenna
(312) 928-1901
 
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