Equity Residential reviews

4.0

76% would recommend to a friend

(1,121 total reviews)
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Mark Parrell

87% approve of CEO

72% positive business outlook

Equity Residential has an employee rating of 4.0 out of 5 stars, based on 1,121 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Equity Residential employee rating is in line with the average (within 1 standard deviation) for employers within the Real Estate industry (3.6 stars).

Reviews by job title

1K reviews
4.0
May 29, 2019

A company who cares

Recommend
CEO approval
Business Outlook

Pros

Loved their employees, lots of training and positive feedback.

Cons

Too many classes online to take away from work.

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Equity Residential Response
7y
Hello, and thank you for taking the time to share your positive thoughts! We are thrilled to be back in the Denver market (5 communities acquired so far), so please keep us in mind if you are interested in returning to the caring culture you remember so fondly!
5.0
May 24, 2019
Recommend
CEO approval
Business Outlook

Pros

Culture, Challenging, Creative, Innovative, Inspiring

Cons

It's such a great company people want to work here their whole career, so the downside in that is your salary competitiveness falls behind the market.

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Equity Residential Response
7y
Thank you so much for taking the time to share your experience! Your role is a critical one to our success as an organization, and your view of overall company financial performance gives you a unique perspective that is important to be shared here. With that perspective also comes broad knowledge and insight, and we appreciate you sharing your observations about compensation. This is certainly top of mind for us as we strive to balance the competitive nature of today’s challenging job market with our very tenured workforce, and as we continue to discuss and strategize, we welcome you to share your feedback and suggestions with your department leaders as well as your colleagues in HR. Thank you again for your review — and for all that you do!
3.0
May 22, 2019
Recommend
CEO approval
Business Outlook

Pros

The company offers competitive salaries for new employees, ample PTO/sick time, a standard employee discount of 20% and, most importantly, they are owned and managed by the same entity. This creates a consistent level of customer service for the residents and prospects. Equity's changing culture places value on resident satisfaction and work/life balance for its employees. Most of the Regional and Community Managers truly care for their charges. The message delivered by 2 North is positive and employee-centric.

Cons

Equity has not combined their PTO to include both vacation and sick time, so employees who are not ill often lose these hours when they leave the company. The bottom line-driven operation style of the company creates a "no money to do that" mentality for its employees and residents. Smaller communities are given an inordinately small budget for resident functions and prospect refreshments. Managers often have to get creative and solicit vendors to fund these events, which can come off as cheap and uninspired. Capital projects are often scaled back so far from their original concept that site staff members are confused and unprepared on how to share the message with prospective and current residents. Human Resources team members are not in place to protect team members, but rather to protect the company. Exit interviews are held sporadically without a real intention to resolve issues. Instead, they are mere formalities and an opportunity to scout for detractors. Renewal conversations can be difficult with existing residents, because Equity often asks for higher increases than market conditions would seem to allow. Property Manager's opinions are footnotes to the greater conversation on pricing and it is rare that your thoughts create change. Managers are responsible for a budget that they do not help to create. You are only allowed to make suggestions or requests.

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Equity Residential Response
7y
Thank you for taking the time to share your feedback and advice. We are glad to hear that there are some positive impressions you will take with you as you move on to your next endeavors, but are disappointed to hear of the concerns and challenges you raised. Please know that we take feedback like yours seriously, and your comments have been shared and discussed with our leadership and HR. We thank you for the years you spent with Equity, and we wish you the best.
Viewing 607 - 609 of 1,121 Reviews

Glassdoor has 1,166 Equity Residential reviews submitted anonymously by Equity Residential employees. Read employee reviews and ratings on Glassdoor to decide if Equity Residential is right for you.