Financial PerformanceA strong 1.3% normalized FFO guidance raise is considered the best among peers.
Market ExpansionEQR has agreed to purchase 8 apartment complexes in Atlanta, GA containing 2,064 units for $535M, representing a high-4% in-place cap rate and a low-5% expected cap rate upon realization of EQR operating platform benefits.
Revenue GrowthThe same-store revenue guidance has been raised due to higher expected occupancy, which is likely the primary driver of the increase.