Lehman Brothers Completes Sale of Shareholdings in Equity Residential and Avalon Bay

  Lehman Brothers Completes Sale of Shareholdings in Equity Residential and
  Avalon Bay

Business Wire

NEW YORK -- February 18, 2014

Lehman Brothers Holdings Inc. (“Lehman”) announced today, on behalf of Jupiter
Enterprise LP, formerly known as Archstone Enterprise LP (“Archstone”), that
it completed the sale of all its remaining shareholdings in Equity Residential
(“EQR," NYSE:EQR) and AvalonBay Communities, Inc. (“AVB," NYSE:AVB).

Lehman originally took ownership of these shares as a portion of the
consideration received in its sale of Archstone's assets to EQR and AVB on
February 27, 2013. Including monetization of these shares, total proceeds
realized from the sale of Archstone’s assets exceeded $6.5 billion.

Contact:

Media:
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
kmacleod@lehmanholdings.com
 
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