Archstone
Acquired by Equity Residential
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Archstone Snapshot
Archstone strives to be the cornerstone of the apartment investment business. The company owns more than 425 communities (some 76,800 units) in areas such as Washington, DC, Los Angeles, San Francisco, New York, Seattle, and Boston, as well as Europe. Archstone boasts modern properties with units that rent from $500 to more than $5,000 a month. Development and investment advice is offered through its Archstone Real Estate Advisory Services arm. The company was acquired by a Tishman Speyer and Lehman Brothers' real estate partnership in 2007, however, Lehman filed for Chapter 11 bankruptcy protection the following year;
