Equity Residential Announces Pricing of Common Share Offering by Affiliate of Lehman Brothers Holdings Inc.

  Equity Residential Announces Pricing of Common Share Offering by Affiliate
  of Lehman Brothers Holdings Inc.

Business Wire

CHICAGO -- May 23, 2013

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.

The offering of the securities is being made by means of a prospectus
supplement and accompanying prospectus only, copies of which may be obtained
from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street,
New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316,
or by emailing prospectusny@ny.email.gs.com, or, alternatively, when they
become available, for free by visiting EDGAR on the SEC website at
www.sec.gov.

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, these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or other jurisdiction.

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 416 properties
located in 13 states and the District of Columbia, consisting of 118,778
apartment units.

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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