Jan 9 (Reuters) - Equity Residential:
* Announces material asset impairment charge
* Anticipates estimated non-cash charge of approx $115 million for impairment
in value of land holdings for five development projects no longer will pursue
* Anticipates charge to be recorded during Q4 2008
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Equity Residential click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces material asset impairment charge
* Anticipates estimated non-cash charge of approx $115 million for impairment
in value of land holdings for five development projects no longer will pursue
* Anticipates charge to be recorded during Q4 2008
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Equity Residential click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.