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): November 3, 2005
ERP OPERATING LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)
Illinois
(State or other jurisdiction
of incorporation or organization | | 0-24920
(Commission File Number) | | 36-3894853
(I.R.S. Employer
Identification Number) |
EQUITY RESIDENTIAL
(Exact name of registrant as specified in its charter)
Maryland | | 1-12252 | | 13-3675988 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS Employer
Identification Number) |
| | |
Two North Riverside Plaza
Suite 400, Chicago, Illinois
(Address of principal executive
offices) | |
60606
(Zip Code)
|
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 8.01 Other Events
Equity Residential today announced that its operating partnership, ERP Operating Limited Partnership (collectively with Equity Residential, the “Company”) has closed on its previously announced acquisition of three high-rise apartment towers, currently known as Trump Place, located at 140, 160 and 180 Riverside Boulevard on the Upper West Side of Manhattan. The purchase price, after closing adjustments, was approximately $809 million.
The properties were constructed between 1998 and 2003 and consist of 1,325 apartment units totaling approximately 1.06 million square feet, approximately 40,000 square feet of retail space and 424 parking spaces.
This transaction was part of a larger transaction in which The Carlyle Group and Extell Development Company simultaneously purchased a large tract of developable land directly to the south of Trump Place from a consortium of Hong Kong investors and Donald J. Trump.
The acquisition is being financed primarily through the proceeds of asset sales as well as the Company’s $1.6 billion credit facilities.
The forward-looking statements contained in this report are based on current expectations, estimates, projections and assumptions made by management. While the Company’s management believes the assumptions underlying its forward-looking statements are reasonable, such information is subject to uncertainties and may involve certain risks, many of which are difficult to predict and beyond management’s control. As such, these statements are not guarantees of future performance, results or events. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | ERP OPERATING LIMITED PARTNERSHIP |
| | |
| | By: | Equity Residential, its general partner |
| | |
Date: November 3, 2005 | | By: | /s/ Bruce W. Duncan | |
| | Name: | Bruce W. Duncan | |
| | Its: | Chief Executive Officer | |
| | |
| | |
| | EQUITY RESIDENTIAL |
| | |
| | |
Date: November 3, 2005 | | By: | /s/ Bruce W. Duncan | |
| | Name: | Bruce W. Duncan | |
| | Its: | Chief Executive Officer | |
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