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Wrong David Neithercut?

David J. Neithercut

President and Chief Executive Officer

Equity Residential

HQ Phone:  (312) 474-1300

Direct Phone: (312) ***-****direct phone

Email: d***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Equity Residential

2 North Riverside Plaza Suite 450

Chicago, Illinois,60606

United States

Company Description

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns...more

Background Information

Employment History

President and Chief Executive Officer

EQR


Affiliations

Harvard University

Policy Advisory Board of the Joint Center for Housing Studies


Columbia University

Real Estate Program Advisory Board


General Growth Properties , Inc.

Board Member


Ex

Chief Executive Officer, President, Trustee and Member


Metropolitan Planning Council

Executive Advisor


LINK Unlimited

Board Member


Urban Land Institute

Member


CELEBRATION

Member, Committee


Education

B.A.

St. Lawrence University


M.B.A.

Columbia University Graduate School of Business


Web References(137 Total References)


About Equity Residential - Our Story

www.equityapartments.com [cached]

David Neithercut


The American Dream loses its luster | Multihousing Pro

mhpmag.com [cached]

In early February, Equity Residential CEO David Neithercut reported same-store net operating income growth for the full year of 7.7 percent-almost at the top end of the guidance range the company provided a year ago.
He said he expects the REIT's above average performance that was driven, in part, by that low level of renters moving into homes of their own, to continue for several more years. "I'm sure we've got people interested in buying a single-family home in our portfolio, but they either don't have a down payment, they've got too much school debt or other debt and they can't get financing," he said. But, even if those Equity Residential renters who covet homes of their own do manage to scrape up the cash to buy them, there are plenty of people in their 20s still living with Mom and Dad who want to create households as soon as possible, said Neithercut, who expects those new renters will backfill the apartments the new homeowners vacate. Neithercut agreed, adding, "Even at the lowest down payments required to get into a single-family home, you're still talking about thousands of dollars that I don't think a lot of people might have." The 7.7 percent increase in same-store net operating income Equity Residential saw for all of 2011 was driven, he said, "by a huge demographic of our population that is not just simply in their prime rental years, but one that's currently shunning the commitment and financial risk of single-family ownership and is, instead, embracing the optionality and flexibility of the lifestyle provided by rental housing." He said it's important to keep an eye on the millions of potential renters in their 20s, who are still living with their parents. He firmly believes that, if and when the confidence of the consumer and the strength of the economy allow people to leave Equity Residential's apartments to buy single-family homes, there will be ample backfilling by those renters-to-be, who currently are living with Mom and Dad. "One of the benefits we've seen from this renter nation phenomenon is structurally lower turnover, and this has been evident since late 2008 and 2009," Neithercut said in February, when he reported that the turnover rate at Equity Residential communities for all of 2011 was 57.8 percent.


Equity Residential Announces Year-End Retirement of Bruce C. Strohm, Executive Vice President and General Counsel | Business Wire

www.businesswire.com [cached]

We thank him for his tremendous contributions to helping make Equity Residential the company it is today and wish him the very best in his retirement," said David J. Neithercut, Equity Residential's President and CEO.


REIT Investing Expolodes - Rose City Commercial Real Estate

www.rosecitycre.com [cached]

Equity Residential Chief Executive David Neithercut cited the Del Mar deal while explaining the REIT's renewed offensive strategy in a Feb. 4 conference call to discuss the company's fourth-quarter earnings.
Equity Residential plans to renovate and seek higher rents as tenants turn over. "We're going to do a repositioning on this asset, and we projected a year-two yield of 6.7%," said Neithercut.


Equity Residential Culture - Serving Communities

www.equityapartments.com [cached]

Equity CEO David Neithercut presents Lillian Murphy with a $100,000 donation for Mercy Housing.


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