Equity Residential Announces Results of Annual Meeting of Shareholders

CHICAGO--May 25, 2006--Equity Residential announced the results of its Annual Meeting of Shareholders held today in Chicago, Illinois. At the meeting, the company's shareholders elected the eleven incumbent nominees, John W. Alexander, Charles L. Atwood, Stephen O. Evans, James D. Harper, Jr., Boone A. Knox, 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 Samuel Zell. Each of the trustees received at least 91 percent of the votes cast at the meeting. The shareholders also ratified the appointment of Ernst & Young LLP as the company's independent auditor for 2006. More than 98 percent of the votes cast approved the appointment.

Equity Residential, an S&P 500 company, is the largest publicly traded apartment company in America. Nationwide, Equity Residential owns or has investments in 911 properties in 31 states and the District of Columbia consisting of 191,753 apartment units. For more information on Equity Residential, please visit our website at www.equityresidential.com.