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Industry Center - REIT - Residential
Industry Center > REIT - Residential > Archstone Company Profile
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Archstone Company Profile
Archstone (formerly Archstone-Smith) is the cornerstone of Tishman Speyer and Lehman Brothers' real estate partnership. Acquired by Tishman and Lehman for $22 billion in 2007, the firm is one of the largest apartment investment companies in the US. It owns about 84,000 apartment units in areas such as Washington, DC (about 40% of its portfolio); California; New York; Seattle; and Boston. The company also offers extended-stay properties through Oakwood Worldwide. Development and investment advice is offered through its Archstone Real Estate Advisory Services arm. Lehman's filed for bankruptcy in 2008 and could sell some $32 billion in real estate assets.
Contact Information
Address: 9200 E. Panorama Cir., Ste. 400
Englewood, CO 80112
Phone:303-708-5959
Fax:303-708-5999
Financial Highlights
Fiscal Year End:December
Key People
Chairman and CEO: R. Scot Sellers
COO: Charles E. (Chaz) Mueller Jr.
CFO: Gerald R. (Gerry) Morgan
Industry Information
Sector: Financial
Industry: REIT - Residential
Top Competitors
Apartment Investment and Management Company (aiv)
Boston Capital Corporation
Equity Residential (eqr)
 


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