This excerpt taken from the EQR 10-Q filed May 8, 2006.
(c) Common Shares Repurchased in the Quarter Ended March 31, 2006
The Company repurchased the following Common Shares during the first quarter ended March 31, 2006:
(1) The Common Shares repurchased during the first quarter 2006 represent Common Shares repurchased in the open market under the Companys publicly announced share repurchase program approved by its Board of Trustees. Under this program, the Company may repurchase in open market or privately negotiated transactions up to $585.0 million of its Common Shares, with $540.2 million remaining following the above purchases.