February 04, 2010
As earnings calls go, this was marathon. On it's hour-and-a-half conference Chicago-based Equity Residential sounded an optimistic, aggressive tone for the year. After watching rents fall, the company is seeing stabilibility and even a slightly uptick in some areas. It expects Boston, Washington D.C., and South Florida, of all places, to lead the charge. Still for the year, it expects rents to fall 2.9 percent, though an increase in occupancy should help offset that.
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