Abstract
Fairness Residential, primarily based in Chicago, is likely one of the largest house actual property funding trusts within the U.S. The corporate focuses on high-quality properties and has benefited from the excessive price of dwelling 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 enlargement 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 latest robust employment demographics. On the finish of 2024, the REIT owned or had an curiosity in 311 properties and simply over 84,000 house items of which about 95% have been wholly owned.
Whole 2024 rental revenues have been $2.98 billion. On the finish o