Share This Profile
Share this profile on Facebook.
Link to this profile on LinkedIn.
Tweet this profile on Twitter.
Email a link to this profile.
See other services through which you can share this profile.
This profile was last updated on 2/10/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. David J. Neithercut

Wrong David J. Neithercut?

President and Chief Executive Off...

Equity Residential
Two North Riverside Plaza Suite 400
Chicago, Illinois 60606
United States

Company Description: Equity Residential (EQR) is a real estate investment trust (REIT). EQR is focused on the acquisition, development and management of apartment properties in the...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • M.B.A.
    Columbia University Graduate School of Business
  • B.A.
    St. Lawrence University
165 Total References
Web References
...
www.sec.gov, 10 Feb 2014 [cached]
0001219726 NEITHERCUT DAVID J TWO NORTH RIVERSIDE PLAZA, SUITE 400 CHICAGO IL 60606 1 1 President & CEO
Equity Residential (EQR) Investments - Officers & Directors
investors.equityapartments.com, 7 Nov 2013 [cached]
David Neithercut | Alan George | David Santee | Mark Tennison | Mark Parrell | John Powers | Bruce Strohm | Officers & Directors
...
David J. Neithercut President & Chief Executive Officer
Mr. Neithercut, 57, is the President and Chief Executive Officer (CEO) and a Trustee of Equity Residential. He assumed the CEO title on January 1, 2006 and has served as President since May of 2005. From January 2004 to May 26, 2005 he served as Executive Vice President of Corporate Strategy, leading the company's Transactions, Portfolio Management, Development, Condominium and Research groups.
From 1995 until August 2004, he served as Equity Residential's Chief Financial Officer. In this role he was responsible for all of the company's capital market activities and participated in debt and equity offerings as well as merger and acquisition activity with a combined value in excess of $10 billion.
Prior to joining Equity Residential, Mr. Neithercut was Senior Vice President of Finance for Equity Group Investments. Prior to joining Equity Group, Mr. Neithercut held positions with the Commercial Mortgage Banking division of Draper & Kramer, Inc. and the real estate department of Continental Bank, N.A.
Mr. Neithercut is a member of the Board of Directors of General Growth Properties (NYSE: GGP), a leading owner and operator of shopping malls, a member of the Executive Committee of the National Multi Housing Council, a member of the Urban Land Institute and a member of the Executive Committee of the National Association of Real Estate Investment Trusts.
Mr. Neithercut holds a B.A. from St. Lawrence University and an M.B.A. from the Columbia University Graduate School of Business.
...
David J. Neithercut
Mr. Neithercut, 57, is the President and Chief Executive Officer (CEO) and a Trustee of Equity Residential. He assumed the CEO title on January 1, 2006 and has served as President since May of 2005. From January 2004 to May 26, 2005 he served as Executive Vice President of Corporate Strategy, leading the company's Transactions, Portfolio Management, Development, Condominium and Research groups.
From 1995 until August 2004, he served as Equity Residential's Chief Financial Officer. In this role he was responsible for all of the company's capital market activities and participated in debt and equity offerings as well as merger and acquisition activity with a combined value in excess of $10 billion.
Prior to joining Equity Residential, Mr. Neithercut was Senior Vice President of Finance for Equity Group Investments. Prior to joining Equity Group, Mr. Neithercut held positions with the Commercial Mortgage Banking division of Draper & Kramer, Inc. and the real estate department of Continental Bank, N.A.
Mr. Neithercut is a member of the Board of Directors of General Growth Properties (NYSE: GGP), a leading owner and operator of shopping malls, a member of the Executive Committee of the National Multi Housing Council, a member of the Urban Land Institute and a member of the Executive Committee of the National Association of Real Estate Investment Trusts.
Mr. Neithercut holds a B.A. from St. Lawrence University and an M.B.A. from the Columbia University Graduate School of Business.
...
www.sec.gov, 6 Jan 2014 [cached]
0001219726 NEITHERCUT DAVID J C/O GENERAL GROWTH PROPERTIES, INC. 110 NORTH WACKER DRIVE CHICAGO IL 60606 1 0 0 0
NMHC's Leadership - - NMHC - National Multi Housing Council
www.nmhc.org, 9 Jan 2014 [cached]
David J. Neithercut (Chair)
"It's been very challenging to execute ...
www.housingfinance.com, 7 May 2013 [cached]
"It's been very challenging to execute that strategy because there were not a lot of assets made available for sale [in high-barrier markets]," says CEO David Neithercut, who served as EQR's executive vice president and CFO from 1995 to 2004, became president in 2005, and was named CEO in 2006.
...
"We had a couple of drinks last night," said CEO David Neithercut on Feb. 28, the day after closing EQR's acquisition of 21,781 units in 76 properties. "It was really one of those things where, if you remember college and final exams, sometimes you just want to go home and go to bed."
When Neithercut woke up on the 28th, he was suddenly managing a very different company from the one he took the helm of in 2006.
...
"We had been bird-dogging this thing since 2007," Neithercut says. "We certainly knew that when Lehman had problems, there would need to be some kind of endgame. The banks didn't want to own it and Lehman didn't want to own it."
Though industry buzz connected EQR with Archstone, Neithercut says he didn't have formal talks with Archstone's owners until 2010.
...
Neithercut had another card to play. As the bidding process played out, EQR devised other options, assuming Lehman ended up with ultimate control.
Originally, Lehman wanted only cash (and no stock) for Archstone. Neithercut said that would have meant too much execution risk for EQR. So, EQR needed a partner.
After talking to some large financiers, such as sovereign wealth funds, EQR decided that to minimize risk it needed someone more familiar with American apartments. Who better than one of its biggest rivals?
In January 2012, Neithercut approached Tim Naughton, CEO at Arlington, Va.-based REIT AvalonBay Communities (AVB) about joining forces to get Archstone.
...
As the rest of the world expected an IPO (even though the public markets would have probably valued Archstone at less than its net asset value), Neithercut remained optimistic he could close the deal.
"They continued working on an IPO while they were working with us," Neithercut says. "It sort of kept the heat on us."
In November 2012, nearly a year after Equity made its first bid, EQR and AVB announced they paid Lehman $16 billion for Archstone. "I always felt this was the best outcome for the estate, and never once did I feel that it wouldn't happen," Neithercut says.
Neithercut's confidence may have been a product of his own determination to cross the finish line.
"The deal was something David Neithercut was relentless in pursuing," says Alan George, executive vice president and chief investment officer at EQR."We dug a number of dry holes, as they say in the oil business, before we got to the point where there was a deal we could put together."
...
"The work that our team had done in preparation for this, by switching off Archstone's system and switching on EQR's system, was nothing less than awesome," Neithercut says.
...
Neithercut doesn't shy away from that strategy. "Where they might have been short was with that capital that could have renovated units, and we look forward to taking advantage of that ourselves," he says.
Other People with the name "Neithercut":
Other ZoomInfo Searches
Accelerate your business with the industry's most comprehensive profiles on business people and companies.
Find business contacts by city, industry and title. Our B2B directory has just-verified and in-depth profiles, plus the market's top tools for searching, targeting and tracking.
Atlanta | Boston | Chicago | Houston | Los Angeles | New York
Browse ZoomInfo's business people directory. Our professional profiles include verified contact information, biography, work history, affiliations and more.
Browse ZoomInfo's company directory. Our company profiles include corporate background information, detailed descriptions, and links to comprehensive employee profiles with verified contact information.
zirhbt201304