This excerpt taken from the EQR 10-Q filed Aug 7, 2006.
Total distributions paid in July 2006 amounted to $146.7 million (excluding distributions on Partially Owned Properties), which included certain distributions declared during the second quarter ended June 30, 2006.
On June 28, 2006, the Company announced that it agreed to sell its Lexford Housing Division for a cash purchase price of $1.086 billion. The Companys Board of Trustees has approved the sale, which is expected to close in the fourth quarter of 2006. Lexford results are classified as discontinued operations, net of minority interests, in the consolidated statements of operations for all periods presented and Lexford investment in real estate and mortgage notes payable balances are classified as held for sale in the consolidated balance sheets as of June 30, 2006.