East Palo Alto, Calif. (April 22, 2013) – Equity Residential (NYSE: EQR) has completed a series of improvements at its Woodland Park Apartments in East Palo Alto culminating in the addition of a community playground. The improvement program features a host of completed investments across the 1,812-residence apartment community including exterior and interior painting, landscape, interior upgrades, maintenance repairs, and administrative streamlining.
“We’re pleased with the extent of improvements at the community and the positive impact they are having on the quality of life for our residents. The playground is a highlight because it focuses on the kids,” said John Hyjer, First Vice President of Investments, Equity Residential. “Our goal is to continue to recognize improvement opportunities that enhance the long term livability of the community. This includes efforts to expand resident parking, continuing to improve our maintenance response, and enhancing overall customer service.”
Community improvements completed to date include:
- Building exteriors – Painting and general repairs.
- Residence interiors – Paint, carpet, appliance upgrades and infrastructure repairs.
- Rehabilitation of 45 off-line residences, returning them to active use.
- Addition of community playground for use by residents and their children.
The Woodland Park Apartment Community is made up of 101 individual buildings offering 1,812 apartment units ranging from studios up to four bedroom floor plans. Situated on 49 acres, the various buildings making up the property were built between 1912 and 1969. This collection of unique properties is in direct proximity to the intersection of University Avenue and the 101 Freeway. The Woodland Park community’s architecture features a mix of garden style, podium, duplex and single family home structures.
About Equity Residential (NYSE: EQR):
Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 416 properties located in 13 states and the District of Columbia, consisting of 118,778 apartment units. For more information on Equity Residential, please visit our website at www.equityapartments.com.