The company is anticipated to benefit from its portfolio-repositioning efforts in high barrier-to-entry/core markets. During the recently-reported quarter, Equity Residential acquired four apartment properties in Los Angeles, the San Francisco Bay Area and suburban Denver, aggregating 1,084 apartment units. This purchase was made for around $489.9 million, at a weighted average Acquisition Capitalization Rate of 4.4%. Furthermore, the company completed a 137-apartment unit property in Seattle as well as an 84-apartment unit property in Cambridge, MA. Such expansion efforts bode well for long-term growth.