Equity Commonwealth
Equity Commonwealth was a Maryland REIT focused on U.S. commercial office properties that completed a planned wind-down via EQC Liquidating Trust, with shareholders approving dissolution on November 12, 2024 and the entity fully dissolved on September 30, 2025.
- Company typePublic
- Founded1986
- HeadquartersNewton, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Equity Commonwealth does
Equity Commonwealth was a Maryland real estate investment trust (REIT) that focused on owning, acquiring, and managing commercial office properties across the United States. Founded in 1986 and headquartered in Newton, MA, the company was publicly traded on the New York Stock Exchange under ticker EQC and operated as a single-asset-class real estate portfolio rather than a multi-product technology or services platform. Its most significant strategic action was the May 2021 stock acquisition of Monmouth Real Estate Investment Corp for $1.91 billion, which added a portfolio of 120 properties across 31 states valued at approximately $3.4 billion including debt, and brought the combined firm's projected market capitalization to $5.5 billion.
Following this acquisition, the company entered a wind-down phase. On November 12, 2024, shareholders approved a Plan of Sale and Dissolution. The REIT voluntarily delisted from the NYSE on April 22, 2025, and on June 13, 2025, transferred its remaining assets and liabilities to the newly formed EQC Liquidating Trust, a Maryland common law trust managed by five trustees (the company's four named executive officers and the Lead Independent Trustee). Common shareholders received one EQC LT unit per common share held, and all outstanding common shares were cancelled. The trust was terminated on September 19, 2025, after all liabilities were paid and assets were disposed; the residual approximately $150,000 was donated to ten charities. Equity Commonwealth was fully dissolved on September 30, 2025. The company had 11-50 employees and reported $58.43 million in gross revenue and $91.16 million in net income in its final reported financial comparison, with institutional ownership reported at 96% prior to dissolution.
Equity Commonwealth firmographics
Firmographics- Name
- Equity Commonwealth
- Legal name
- Equity Commonwealth
- Website
- https://eqcre.com
- Company type
- Public
- Founded year
- 1986
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- Equity Commonwealth was a Maryland REIT focused on U.S. commercial office properties that completed a planned wind-down via EQC Liquidating Trust, with shareholders approving dissolution on November 12, 2024 and the entity fully dissolved on September 30, 2025.
- Ownership category
- akta.pro rank
Equity Commonwealth industry classification
Industry- Product category
- Commercial Real Estate (Office REIT)
- NAICS
- Other Financial Vehicles (52599), Other Financial Vehicles (525990)
- SIC
- Real Estate Investment Trusts (6798), Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Funds — Core (Stabilized, Income) (FSANAEAF)
- akta.pro secondary industry
- Corporate & Institutional Trust Services (FSAAANAB)
Keywords
Where Equity Commonwealth is headquartered
LocationHeadquarters
- HQ city
- Newton
- HQ country
- United States
- HQ region
- North America
Markets served
Equity Commonwealth business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others
Marketing channels2 records
Equity Commonwealth product offering
Product offeringCore offering
Equity Commonwealth was a Maryland real estate investment trust (REIT) that acquired, owned, and managed commercial office properties in the United States. Its core portfolio, consisting of 120 properties across 31 states, was acquired through the 2021 acquisition of Monmouth Real Estate Investment Corp for $1.91 billion in stock. The company ceased active operations following the completion of its Plan of Sale and Dissolution, with assets transferred to EQC Liquidating Trust and the company fully dissolved on September 30, 2025.
Product overview
Equity Commonwealth was a single-asset-class Maryland Real Estate Investment Trust (REIT) focused on commercial office properties. The company operated as a unified real estate portfolio rather than a multi-product platform. Prior to its dissolution in 2025, the company's primary activities included acquiring, owning, and managing office properties, culminating in the acquisition of Monmouth Real Estate Investment Corp. which added a portfolio of 120 properties across 31 states. The company was subsequently wound down through a Plan of Sale and Dissolution, with assets transferred to EQC Liquidating Trust for distribution to shareholders.
Differentiator
Problem solved
Functional benefit
Products and services
- Monmouth Real Estate Investment Corp. Portfolio Portfolio of 120 commercial office properties across 31 states, valued at approximately $3.4 billion including debt, acquired by Equity Commonwealth in a $1.91 billion stock transaction. The portfolio served as the company's primary commercial real estate asset base.
- EQC Liquidating Trust Maryland common law trust formed to wind up the affairs of Equity Commonwealth following shareholder approval of the Plan of Sale and Dissolution on November 12, 2024. The trust was responsible for liquidating remaining assets, paying liabilities, and distributing net proceeds to unitholders.
Companies that use Equity Commonwealth
Customer profileIdeal customer profiles1 record
Equity Commonwealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Equity Commonwealth partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Monmouth Real Estate Investment CorpmajorEquity Commonwealth announced acquisition of Monmouth Real Estate Investment Corp for $1.91 billion in stock. The deal included a portfolio of 120 properties across 31 states, valued at approximately $3.4 billion including debt, with the combined firm's market capitalization projected at $5.5 billion.
Scale indicators13 records
Recent moves9 records
Expansion highlights1 record
Equity Commonwealth competitors and assessment
Company assessmentDirect peers
- Boston Properties: Largest publicly traded U.S. office REIT (Class A office in Boston, NYC, San Francisco, DC, LA, Seattle). Direct peer to Equity Commonwealth's nationwide office REIT strategy.
- Paramount Group: Class A office REIT with premier Manhattan and San Francisco assets; NYSE-listed, directly comparable single-asset-class office REIT.
- Douglas Emmett: Office and multifamily REIT operating primarily in coastal California and Honolulu. Comparable office-focused REIT business model.
- SL Green Realty: Manhattan's largest office landlord; publicly traded REIT with same single-asset-class office focus and similar institutional investor base.
- Kilroy Realty Corporation: West Coast office REIT (LA, San Diego, Bay Area, Seattle, Austin) publicly traded on NYSE. Comparable office-only REIT business model to EQC.
- Empire State Realty Trust: Office and observatory REIT with portfolio anchored by the Empire State Building; comparable office REIT publicly traded on NYSE.
- Highwoods Properties: Best Business District office REIT across Sun Belt markets; NYSE-listed office REIT with similar institutional ownership profile to EQC.
- Cousins Properties: Sun Belt-focused office REIT publicly traded on NYSE; closely comparable to EQC's diversified multi-state office portfolio strategy.
- Vornado Realty Trust: Mature publicly traded office-focused REIT concentrated in Manhattan and select premium markets. Directly comparable to EQC's office ownership model.
- Monmouth Real Estate Investment Corp. Industrial-focused REIT that was acquired by Equity Commonwealth for $1.91B in 2021; the closest peer given its portfolio became part of EQC and was later wound down.
Market position
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Equity Commonwealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Equity Commonwealth leadership team
Management profileNumber of profiles
Equity Commonwealth subsidiaries and ownership
Company hierarchySubsidiaries2 records
Equity Commonwealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Equity Commonwealth M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Equity Commonwealth
What does Equity Commonwealth do?
Equity Commonwealth was a Maryland real estate investment trust (REIT) that acquired, owned, and managed commercial office properties in the United States. Its core portfolio, consisting of 120 properties across 31 states, was acquired through the 2021 acquisition of Monmouth Real Estate Investment Corp for $1.91 billion in stock. The company ceased active operations following the completion of its Plan of Sale and Dissolution, with assets transferred to EQC Liquidating Trust and the company fully dissolved on September 30, 2025.
Is Equity Commonwealth a public or private company?
Equity Commonwealth is a public company. It is classified as public and is currently closed.
When was Equity Commonwealth founded?
Equity Commonwealth was founded in 1986. It employs 11 to 50 people.
Where is Equity Commonwealth based?
Equity Commonwealth is headquartered in Newton, United States, in the North America region.
Who are Equity Commonwealth's main competitors?
Direct peers on record are Boston Properties, Paramount Group, Douglas Emmett, SL Green Realty, Kilroy Realty Corporation, Empire State Realty Trust, Highwoods Properties, Cousins Properties, Vornado Realty Trust and Monmouth Real Estate Investment Corp..
Does Equity Commonwealth have an API?
No public API is recorded for Equity Commonwealth.
What industry is Equity Commonwealth in?
Equity Commonwealth's product category is Commercial Real Estate (Office REIT). Its primary akta.pro industry code is FSANAEAF, Real Estate Funds — Core (Stabilized, Income), with a secondary code of FSAAANAB, Corporate & Institutional Trust Services. Its NAICS code is 52599 and its SIC code is 6798.