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EQUITY RESIDENTIAL (EQR)
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EQR » Topics » During the quarter ended March 31, 2008, the Company acquired the entire equity interest in the following from unaffiliated parties (purchase price in thousands):

This excerpt taken from the EQR 10-Q filed May 8, 2008.

During the quarter ended March 31, 2008, the Company acquired the entire equity interest in the following from unaffiliated parties (purchase price in thousands):

 

 

 

 

 

 

 

Purchase

 

 

 

Properties

 

Units

 

Price

 

Rental Properties

 

2

 

171

 

$

41,863

 

 

The Company also acquired all of its partners’ interests in one partially owned property containing 144 units for $5.9 million and two partially owned land parcels for $1.6 million.

 

During the quarter ended March 31, 2008, the Company disposed of the following to unaffiliated parties (sales price in thousands):

 

13


 

 

 

Properties

 

Units

 

Sales Price

 

Rental Properties

 

15

 

3,317

 

$

271,643

 

Condominium Conversion Properties

 

2

 

41

 

9,445

 

 

 

17

 

3,358

 

$

281,088

 

 

The Company recognized a net gain on sales of discontinued operations of approximately $122.5 million on the above sales.

 

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