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EQUITY RESIDENTIAL (EQR)
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EQR » Topics » During the quarter ended March 31, 2006, the Company disposed of the following to unaffiliated parties (sales price in thousands):

This excerpt taken from the EQR 10-Q filed May 8, 2006.

During the quarter ended March 31, 2006, the Company disposed of the following to unaffiliated parties (sales price in thousands):

 

Properties

 

Units

 

Sales Price

 

Rental Properties

 

25

 

8,110

 

$

799,881

 

Condominium Units

 

2

 

171

 

35,015

 

 

 

27

 

8,281

 

$

834,896

 

 

The Company recognized a net gain on sales of discontinued operations of approximately $372.5 million (amount is net of $2.7 million of income taxes incurred on condominium sales — see additional discussion in Note 13) and a net gain on sales of unconsolidated entities of $0.3 million on the above sales.

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