EQR
Multifamily #Trust30 – Divinity
Day 8 of the #Trust30 challenge hits us with The Divine Idea
Imitation is Suicide. Insist on yourself; never imitate. – Ralph Waldo Emerson
Write down in which areas of your life you have to overcome these suicidal tendencies of imitation…
(Author: Fabian Kruse)
Let me start by saying this is a tough one for me as I believe in and have utilized the highest form of flattery in the past; that is, borrowing multifamily business and marketing concepts and adding a twist or two to make it my own. I am certain that I have employed a few former employer concepts at my current place of business.
Multifamily Blog
To speak to the point of today’s prompt. What are those area of my life? I would say the multifamily space leads the way. I have the tagline on my blog; Out to put a dent in the multifamily universe and I believe that will come in the way of insisting on myself as suggested above. I like to think we did as much back in 2006 or 2007 when we created the Portland Rocks Newsletter Blog while working for EQR. After a few platform changes and copy amendments we settled in and went for it. The team went on to win an inagural award for, in part, being the most innovative group in the bunch. Blogging today, while not mainstream, is certainly more prevelant that it ever has been. And, it will only continue to get more exciting. We like to think we were part of the catalyst that got the party started.
Today, we are constantly working on identifying new and exciting ways to enhance our organization through the use of exciting new technologies. And, look forward to continue to flatter and uniquely innovate in the space.
What about you?
Your, not sure if Imitation is suicide, contributor,
M
Equity Residential Ning Page
I recently came across an EQR Ning Page, which is part of a private network, and I am curious about the activities of EQR. At first glance, it seems to be a platform for employees to exchange experiences and best practices. If it genuinely allows employees to share their insights, I commend this initiative. However, I have heard that EQR maintains strict control over the use of social networks, restricting access to numerous platforms such as popular blogging sites, Facebook, YouTube, and MySpace, among others.
Sign In to Equity Residential – Equity Residential
EQR’s Q4 Earnings call transcript
Equity Residential Q4 2008 Earnings Call Transcript — Seeking Alpha
The first nine months of the year really carried the day for us and the fourth quarter saw a dramatic fall off of pricing power. We are clearly experiencing one of the worst economic climates in anyone’s memory. According to some, unemployment could climb as high as nine to 10%. These would be levels we have not seen since the late ’70s or early ’80s.
That perspective from one of the most well respected multifamily REIT’s in the country. I can’t help but to feel that there is a major ping happening in our space. Having worked at EQR for nearly ten years, I have the confidence that leadership is doing everything possible to weather the storm.
I can’t help but to be optimistic in the sense that we have an opportunity to pick up a serious education during this catasrophic hiccup. You can’t buy this kind of experience at even the most prestigious of instituions. Those of us that look at each and every nuance of the business, especially in this climate, will be positioned to take advantge of an insanely great upturn that is sure to come.
Your looking forward to the next eighteen to twenty-four months optimist,
M
EQR and Avalon Bay give lower than expected forecasts
Just one more reason to really design a phenomenal employee, prospect and resident experience.
NEW YORK (Reuters) – Shares of apartment landlords fell on Thursday
after two large apartment real estate investment trusts (REITs) issued
lower-than-expected forecasts for 2009, citing the weak U.S. job market.
“It is jobs that are the single most important determinant to the
health of the multifamily industry, and today’s jobless claim data is
further evidence of just how bad the job picture currently is,” said
David Neithercut, CEO of Equity Residential EQR.N, the largest U.S.
apartment REIT.
The U.S. government said on Thursday the number of U.S. workers
filing new claims for jobless benefits last week hit a 26-year high.U.S. apartment stocks fall on weaker outlook | Reuters
