Lehman Brothers Completes Sale of Shareholdings in Equity Residential and Avalon Bay

NEW YORK--()--Lehman Brothers Holdings Inc. (“Lehman”) announced today, on behalf of Jupiter Enterprise LP, formerly known as Archstone Enterprise LP (“Archstone”), that it completed the sale of all its remaining shareholdings in Equity Residential (“EQR," NYSE:EQR) and AvalonBay Communities, Inc. (“AVB," NYSE:AVB).

Lehman originally took ownership of these shares as a portion of the consideration received in its sale of Archstone's assets to EQR and AVB on February 27, 2013. Including monetization of these shares, total proceeds realized from the sale of Archstone’s assets exceeded $6.5 billion.

Contacts

Media:
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
kmacleod@lehmanholdings.com

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Contacts

Media:
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
kmacleod@lehmanholdings.com