Archstone was a real estate investment trust that invested in apartments . In 2007, the company was acquired by Tishman Speyer and Lehman Brothers and, in 2013, the company's assets were acquired by Equity Residential and AvalonBay Communities .
5-406: At the time of the liquidation of the company in 2013, it owned over 40,000 apartment units. In 1998, Security Capital Pacific Trust and Security Capital Atlantic Inc. merged to form Archstone Communities. The merged company owned 304 properties and 90,166 apartments. Security Capital had been founded by William D. Sanders in 1990. In 2001, the company acquired Charles E. Smith Residential Realty,
10-622: A $ 9 billion deal to acquire the company from Lehman Brothers. William Sanders (businessman) William David Sanders (born December 2, 1941) is an American real estate businessman and developer. Sanders was born in 1941 in Ramsey County, Minnesota , the son of Marion Jane (Birkenstein) and David Edwin Sanders, an advertising agency owner. His father was born in Parral, Chihuahua , Mexico, to German Jewish immigrants. Sanders' maternal grandfather
15-587: The National Association of Real Estate Investment Trusts (NAREIT). In 1999, he received Cornell's "Entrepreneur of the Year" award. Sanders once managed a real estate portfolio of $ 20 billion, and was referred to as the "Warren Buffett of real estate" by Bloomberg News in 1999. Sanders married Louann H. Feuille on May 18, 1974 in El Paso. They have two sons and three daughters. Sanders' middle daughter, Amy,
20-506: The apartment company founded by Charles E. Smith and the largest real estate owner in the Washington, D.C. metropolitan area , in a $ 2.2 billion transaction. In 2007, the company was acquired by Tishman Speyer and Lehman Brothers in a $ 22.2 billion transaction. At that time, the company owned interests in 359 apartment communities including 87,667 apartment units. On February 27, 2013, Equity Residential and AvalonBay Communities closed
25-617: Was born in Chicago to German Jewish parents while his maternal grandmother was also born in Chicago to Irish Catholic parents. He was raised in El Paso , Texas. In 1964, Sanders graduated from Cornell University College of Agriculture and Life Sciences . In 1968, he founded the real estate firm LaSalle Partners , headquartered in Chicago. In 1999, LaSalle Partners merged with Jones Lang Wooton to form Jones Lang LaSalle . He served as chairman of
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