At the meeting, the company’s shareholders elected the eleven incumbent nominees, John W. Alexander, Charles L. Atwood, Stephen O. Evans, Boone A. Knox, John E. Neal, David J. Neithercut, Desiree G. Rogers, Sheli Z. Rosenberg, Gerald A. Spector, B. Joseph White and Samuel Zell, to the Board of Trustees for a one-year term. The Board is chaired by Mr. Zell. The shareholders also ratified the appointment of Ernst & Young LLP as the company’s independent auditor for 2008.

Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 560 properties totaling 148,804 units in 23 states and the District of Columbia. For more information on Equity Residential, please visit our website at www.equityresidential.com.