- CEO
- David A. Helfand
- Full Time Employees
- 22
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- Two North Riverside Plaza Chicago IL United States of America 60606
- IPO Date
- Nov 10, 2006
- Business
- Equity Commonwealth (EQC-PD) operates as a preferred stock series of the former Maryland real estate investment trust that focused on owning, leasing, and managing office and industrial properties in key U.S. markets including New York City, Washington D.C., San Francisco, Boston, Los Angeles, and Chicago; generating revenue through rental income from high-occupancy portfolios totaling approximately 22 million square feet, interest on substantial cash reserves exceeding $2 billion, and strategic capital deployment into value-oriented real estate opportunities. Founded in 1986 as HRPT Properties Trust and restructured in 2014 under leadership from Samuel Zell and David Helfand with headquarters in Chicago, Illinois, the company shifted from office-heavy assets to industrial properties while maintaining an internally managed structure for asset acquisition, repositioning, and operations targeting logistics, e-commerce, and corporate tenants. In recent developments, shareholders approved a Plan of Sale and Dissolution on November 12, 2024, leading to voluntary delisting from the NYSE on April 22, 2025, transfer of remaining assets and liabilities to EQC Liquidating Trust on June 13, 2025, declaration of a final $1.60 per common share liquidating distribution, SEC deregistration, full dissolution of the company and trust by September 30, 2025, and donation of residual funds to charities, with EQC-PD continuing quarterly dividends of $0.40625 per share as of late 2025.