Former President & Chief Executive Officer, Equity Residential
Search every verified David Neithercut interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Neithercut, former president and CEO of Equity Residential, retired at the end of 2018 after 25 years on the company's executive leadership team. In November 2018, he received the Nareit Industry Leadership Award. Reflecting on his tenure, Neithercut said the Great Recession was the most challenging period, citing a liquidity crisis and a stock price that traded as low as the sub-$20 range. He said he hoped to be remembered as someone who "always tried to do the right thing." Neithercut stated he had "great confidence" in his successor, Mark, and planned to remain on the Equity Residential board. During his time as CEO, Neithercut oversaw a strategic shift in the company's portfolio, focusing on high-barrier coastal markets and selling non-core assets. In 2017, he said the company sold $6.8 billion in real estate and returned capital to shareholders via an $11 per share special dividend. He noted that transaction volume would moderate in 2017, describing the company's approach as a "trading mentality." In 2015, he said the company was exiting markets like Denver and South Florida, citing difficulty redeploying capital in core markets due to "fairly rich" pricing and low yields. Neithercut also highlighted the role of technology in property management, stating that residents could now lease, renew, and pay rent online.
“I think that as the focus of Equity Residential will be on buying and building assets that we expect to own for 20 years not four or five or six years and I think that there are an awful lot of people that I think will be able to move into some of those markets and buy well and operate and sell but they will have a tra...”
“For Fannie and Freddie 95% of their business is single family 5% is multifamily the multifamily part has modest delinquencies very few losses and is operating pretty normally is actually making money for the government and I just don't see that and we are active in various trade industry groups and so we do hear what's...”
“there's an awful lot of asphalt an awful lot of landscaping an awful lot of siding an awful lot of roofing on an individual single family home and i think that you own a large portfolio of assets across a big geographical footprint i would not be surprised if financial sponsors looking into that business won't woefully...”
“this demographic this echo boom demographic of 80 million people and they're marrying later they're having children later we just think they're going to be apartment renters longer and they're going to want to remain in high densities or urban environments longer than what that age group might have been in the past. 43...”
CEO David Neithercut will retire at the end of the year after 25 years on the executive leadership team.
CEO David Neithercut says 2017 transaction volume will moderate from previous year.
David Neithercut, president and CEO of Equity Residential (NYSE: EQR), joined REIT.com for a CEO Spotlight video interview at ...
David Neithercut, president and CEO of Equity Residential (NYSE: EQR), joined REIT.com for a CEO Spotlight video interview ...
David Neithercut, president and CEO of apartment REIT Equity Residential (NYSE: EQR), joined REIT.com for a CEO Spotlight video interview during NAREIT's Washington Leadership Forum. Neithercut discussed the completion of his company's purchase of 60 percent of the Archstone apartment portfolio from Lehman Brothers Holdings Inc. The deal, which was announced in late 2012, closed on Feb. 27, with AvalonBay Communities Inc. (NYSE: AVB) acquiring the remaining 40 percent of the portfolio. Neithercut said the deal was part of a larger effort to adjust Equity Residential's focus. "Several years…
This is a presentation EQR gave at the NAREIT REITweek 2012 conference in New York. The presentation is in three parts. This is part 3 of 3. Part 1: • Equity Residential's (EQR) REITweek 2012 N... Part 2: • Equity Residential's REITweek 2012 NY Pres... Part 3: • Equity Residential's REITweek 2012 NY Pres... Equity Residential, EQR, is one of the largest REITs. EQE started in the early 1960s, by Sam Zell and Bob Lurie, who started managing student apartment buildings. The company has since developed into one of the largest owners of high-quality properties in grow…
This is a presentation EQR gave at the NAREIT REITweek 2012 conference in New York. The presentation is in three parts. This is part 2 of 3. Part 1: • Equity Residential's (EQR) REITweek 2012 N... Part 2: • Equity Residential's REITweek 2012 NY Pres... Part 3: • Equity Residential's REITweek 2012 NY Pres... Equity Residential, EQR, is one of the largest REITs. EQE started in the early 1960s, by Sam Zell and Bob Lurie, who started managing student apartment buildings. The company has since developed into one of the largest owners of high-quality properties in grow…
Feb. 2 (Bloomberg) -- David Neithercut, chief executive officer of Equity Residential, talks with Bloomberg's Betty Liu about the property investment opportunities in 2010. Equity Residential, founded by billionaire Sam Zell, announced yesterday that it bought two New York residential towers from Macklowe Properties Inc. and is in contract to purchase a third for a total of $475 million. (Source: Bloomberg)
David Neithercut, president and CEO of Equity Residential (NYSE: EQR), discusses his company's long-term success, the importance of job growth on the multifamily sector and how his company shapes up heading into 2010.
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