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The Company is focused on the acquisition, development and management of high quality apartment properties in top United States growth markets.
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6and8 (43.86) Submitted: 10/28/08 9:52 AM : Start Price: $28.72 EQR Score: -11.96
Strong balance sheet with additional $550 million loan obtained recently from Wells Fargo at 6%. Reduced financing concerns for the long-term, unlike peers. Low 45% leverage (ratio of debt to total assets). Housing issues have more benign impact on this owner of apartments, where tenants are likely to stay put, if anything.
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