UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 5, 2006
ERP OPERATING LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)
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Illinois |
0-24920 |
36-3894853 |
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(State or other jurisdiction |
(Commission File Number) |
(I.R.S. Employer |
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of incorporation or organization) |
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Identification Number) |
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EQUITY RESIDENTIAL |
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(Exact name of registrant as specified in its charter) |
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Maryland |
1-12252 |
13-3675988 |
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(State or other jurisdiction |
(Commission File Number) |
(I.R.S. Employer |
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of incorporation or organization) |
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Identification Number) |
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Two North Riverside Plaza |
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Suite 400, Chicago, Illinois |
60606 |
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(Address of
principal executive |
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Registrant’s telephone number, including area code (312) 474-1300
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14-d(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets.
On October 5, 2006, Equity Residential, through certain direct and indirect subsidiaries (each such subsidiary, collectively with ERP Operating Limited Partnership, the “Seller”), completed the previously announced sale of its Lexford housing division to affiliates of Empire Group Holdings LLC, a privately held company based in Montvale, New Jersey (collectively, the “Buyer”) for a total cash purchase price of $1,086,000,000. The transaction involved the sale by Seller to Buyer of 289 properties, all built between 1976 and 1989, with 27,115 apartment units located in 10 states, together with the assets of the Lexford property management company with approximately 800 employees headquartered in Columbus, Ohio.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ERP OPERATING LIMITED PARTNERSHIP |
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By: |
Equity Residential, its general partner |
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Date: October 5, 2006 |
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By: |
/s/ Bruce C. Strohm |
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Name: |
Bruce C. Strohm |
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Its: |
Executive Vice President, General Counsel |
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EQUITY RESIDENTIAL |
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Date: October 5, 2006 |
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By: |
/s/ Bruce C. Strohm |
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Name: |
Bruce C. Strohm |
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Its: |
Executive Vice President, General Counsel |
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