Abstract
Fairness Residential, primarily based in Chicago, is among the largest residence actual property funding trusts within the U.S. The corporate focuses on high-quality properties and has benefited from the excessive price of residence possession. Previous to the pandemic, the corporate’s properties have been primarily in giant coastal cities in 4 core states. Its new development technique is targeted on 12 Sunbelt and different non-coastal markets, together with growth initiatives in suburban Raleigh, Atlanta, Austin, and Denver. The typical EQR tenant is an expert in his or her early 30s; a gaggle that has loved current robust employment demographics. On the finish of 2024, the REIT owned or had an curiosity in 311 properties and simply over 84,000 residence models of which about 95% have been wholly owned.
Complete 2024 rental revenues have been $2.98 billion. On the finish o
