Equity Residential

CEO Mark Parrell and the senior team have deep multifamily experience and a long record of disciplined balance sheet management and portfolio optimization. Governance is standard for a large REIT, not founder controlled, with board oversight and an emphasis on investment grade credit. Communication is clear through supplements and guidance.

We would prefer somewhat larger insider ownership, but actions like countercyclical repurchases and patient asset recycling align with long term value creation.