Some analysts wonder what condition the Archstone assets are in, but EQR is confident that properties like Alban Towers in Washington, D.C., a 1929 property restored in 2001, are solid.
The Archstone deal allowed EQR to continue to build mass in gateway markets like Seattle, with Archstone Belltown Apartments. Belltown’s studio, one-, and two-bedroom units offer views of the Space Needle and Seattle waterfront.
The development pipeline returned in full force last year, with cranes swinging across every major metro’s skyline.
The Archstone deal allowed EQR to continue to build mass in gateway markets like the Washington, D.C., metro, with Archstone Rosslyn Apartments, in Arlington, Va. The property features studios and one- and two-bedroom units and sits across the Potomac River from Georgetown.