forward-looking statements and related uncertainties are also included in the notes to consolidated financial statements in this report . overview equity residential ( “ eqr ” ) , a maryland real estate investment trust ( “ reit ” ) formed in march 1993 , is an s & p 500 company focused on the acquisition , development and management of high quality apartment properties in top united states growth markets . erp operating limited partnership ( “ erpop ” ) , an illinois limited partnership , was formed in may 1993 to conduct the multifamily residential property business of equity residential . eqr has elected to be taxed as a reit . references to the “ company , ” “ we , ” “ us ” or “ our ” mean collectively eqr , erpop and those entities/subsidiaries owned or controlled by eqr and or erpop . references to the “ operating partnership ” mean collectively erpop and those entities/subsidiaries owned or controlled by erpop . eqr is the general partner of , and as of december 31 , 2012 owned an approximate 95.9 % ownership interest in erpop . all of the company 's property ownership , development and related business operations are conducted through the operating partnership and eqr has no material assets or liabilities other than its investment in erpop . eqr issues public equity from time to time but does not have any indebtedness as all debt is incurred by the operating partnership . the operating partnership holds substantially all of the assets of the company , including the company 's ownership interests in its joint ventures . the operating partnership conducts the operations of the business and is structured as a partnership with no publicly traded equity . the company 's corporate headquarters are located in chicago , illinois and the company also operates property management offices in each of its markets . as of december 31 , 2012 , the company had approximately 3,600 e mployees who provided real estate operations , leasing , legal , financial , accounting , acquisition , disposition , development and other support functions . business objectives and operating and investing strategies the company invests in high quality apartment communities located in strategically targeted markets with the goal of maximizing our risk adjusted total return ( operating income plus capital appreciation ) on invested capital . we seek to maximize the income and capital appreciation of our properties by investing in markets ( our core markets ) that are characterized by conditions favorable to multifamily property appreciation . we are focused primarily on the six core coastal , high barrier to entry markets of boston , new york , washington dc , southern california , san francisco and seattle . these markets generally feature one or more of the following characteristics that allow us to increase rents : 41 ▪ high barriers to entry where , because of land scarcity or government regulation , it is difficult or costly to build new apartment properties , creating limits on new supply ; ▪ high home ownership costs ; ▪ strong economic growth leading to household formation and job growth , which in turn leads to high demand for our apartments ; ▪ urban core locations with an attractive quality of life and higher wage job categories leading to high resident demand and retention ; and ▪ favorable demographics contributing to a larger pool of target residents with a high propensity to rent apartments . our operating focus is on balancing occupancy and rental rates to maximize our revenue while exercising tight cost control to generate the highest possible return to our shareholders . revenue is maximized by attracting qualified prospects to our properties , cost-effectively converting these prospects into new residents and keeping our residents satisfied so they will renew their leases upon expiration . while we believe that it is our high-quality , well-located assets that bring our customers to us , it is the customer service and superior value provided by our on-site personnel that keeps them renting with us and recommending us to their friends . we use technology to engage our customers in the way that they want to be engaged . many of our residents utilize our web-based resident portal which allows them to sign their leases , review their accounts and make payments , provide feedback and make service requests on-line . acquisitions and developments may be financed from various sources of capital , which may include retained cash flow , issuance of additional equity and debt , sales of properties and joint venture agreements . in addition , the company may acquire properties in transactions that include the issuance of limited partnership interests in the operating partnership ( “ op units ” ) as consideration for the acquired properties . such transactions may , in certain circumstances , enable the sellers to defer , in whole or in part , the recognition of taxable income or gain that might otherwise result from the sales . the company may acquire land parcels to hold and or sell based on market opportunities . the company may also seek to acquire properties by purchasing defaulted or distressed debt that encumbers desirable properties in the hope of obtaining title to property through foreclosure or deed-in-lieu of foreclosure proceedings . the company has also , in the past , converted some of its properties and sold them as condominiums but is not currently active in this line of business . over the past several years , the company has done an extensive repositioning of its portfolio from low barrier to entry/non-core markets to high barrier to entry/core markets . story_separator_special_tag the following tables provide a rollforward of the apartment units included in same store properties and a reconciliation of apartment units included in same store properties to those included in total properties for the year ended december 31 , 2012 : replace_table_token_9_th 45 replace_table_token_10_th note : properties are considered `` stabilized `` when they have achieved 90 % occupancy for three consecutive months . properties are included in same store when they are stabilized for all of the current and comparable periods presented . ( 1 ) in 2010 , the company consolidated seven properties containing 1,811 apartment units that had previously been categorized as unconsolidated . of these properties , one containing 208 apartment units was sold in 2010 , two containing 560 apartment units were sold in 2011 and two containing 542 apartment units were sold in 2012 . ( 2 ) includes properties in various stages of lease-up and properties where lease-up has been completed but the properties were not stabilized for the comparable periods presented . the company 's acquisition , disposition and completed development activities also impacted overall results of operations for the years ended december 31 , 2012 and 2011 . the impacts of these activities are discussed in greater detail in the following paragraphs . comparison of the year ended december 31 , 2012 to the year ended december 31 , 2011 for the year ended december 31 , 2012 , the company reported diluted earnings per share of $ 2.70 compared to $ 2.95 per share for the year ended december 31 , 2011 . the difference is primarily due to higher gains from property sales in 2011 vs. 2012 , partially offset by higher total property net operating income driven by the positive impact of the company 's same store and lease-up activity and the company 's recognition of $ 150.0 million in termination fees related to our pursuit of archstone ( see note 18 in the notes to consolidated financial statements for further discussion ) . for the year ended december 31 , 2012 , income from continuing operations increased approximately $ 253.8 million when compared to the year ended december 31 , 2011 . the increase in continuing operations is discussed below . revenues from the 2012 same store properties increased $ 97.5 million primarily as a result of an increase in average rental rates charged to residents and slightly higher occupancy , partially offset by increased turnover . expenses from the 2012 same store properties increased $ 11.2 million primarily due to increases in real estate taxes and insurance , partially offset by a decrease in utilities . the following tables provide comparative same store results and statistics for the 2012 same store properties : 46 replace_table_token_11_th ( 1 ) average rental rate is defined as total rental revenues divided by the weighted average occupied apartment units for the period . the following table provides comparative same store operating expenses for the 2012 same store properties : replace_table_token_12_th ( 1 ) on-site payroll – includes payroll and related expenses for on-site personnel including property managers , leasing consultants and maintenance staff . ( 2 ) utilities – represents gross expenses prior to any recoveries under the resident utility billing system ( “ rubs ” ) . recoveries are reflected in rental income . ( 3 ) repairs and maintenance – includes general maintenance costs , apartment unit turnover costs including interior painting , routine landscaping , security , exterminating , fire protection , snow removal , elevator , roof and parking lot repairs and other miscellaneous building repair costs . ( 4 ) property management costs – includes payroll and related expenses for departments , or portions of departments , that directly support on-site management . these include such departments as regional and corporate property management , property accounting , human resources , training , marketing and revenue management , procurement , real estate tax , property legal services and information technology . ( 5 ) other on-site operating expenses – includes administrative costs such as office supplies , telephone and data charges , association and business licensing fees and ground lease costs . the following table presents a reconciliation of operating income per the consolidated statements of operations to noi for the 2012 same store properties : 47 replace_table_token_13_th for properties that the company acquired prior to january 1 , 2012 and expects to continue to own through december 31 , 2013 ( which is computed based on the portfolio of approximately 80,000 apartment units that the company expects to have in its annual same store set after the completion of its planned 2013 dispositions ) , the company anticipates the following same store results for the full year ending december 31 , 2013 : 2013 same store assumptions physical occupancy 95.3 % revenue change 4.0 % to 5.0 % expense change 2.5 % to 3.5 % noi change 4.5 % to 6.0 % the company anticipates no consolidated rental acquisitions outside of archstone and consolidated rental dispositions of $ 4.0 billion and expects that acquisitions will have a 1.00 % lower cap rate than dispositions for the full year ending december 31 , 2013 . these 2013 assumptions are based on current expectations and are forward-looking . non-same store operating results increased approximately $ 95.0 million and consist primarily of properties acquired in calendar years 2011 and 2012 , as well as operations from the company 's completed development properties . although the operations of both the non-same store assets and the same store assets have been positively impacted during the year ended december 31 , 2012 , the non-same store assets have contributed a greater percentage of total noi to the company 's overall operating results primarily due to 2011 and 2012 acquisitions , increasing occupancy for properties in lease-up and a longer ownership period in 2012 than 2011. this increase primarily resulted from : ▪ development and other miscellaneous properties in lease-up of $

liquidity and capital resources for the year ended december 31 , 2012 eqr issues public equity from time to time and guarantees certain debt of erpop . eqr does not have any indebtedness as all debt is incurred by the operating partnership . as of january 1 , 2012 , the company had approximately $ 383.9 million of cash and cash equivalents , its restricted 1031 exchange proceeds totaled $ 53.7 million and it had $ 1.22 billion available under its revolving credit facility ( net of $ 31.8 million which was restricted/dedicated to support letters of credit ) . after taking into effect the various transactions discussed in the following paragraphs and the net cash provided by operating activities , the company 's cash and cash equivalents balance at december 31 , 2012 was approximately $ 612.6 million , its restricted 1031 exchange proceeds totaled $ 152.2 million and the amount available on its revolving credit facility was $ 1.72 billion ( net of $ 30.2 million which was restricted/dedicated to support letters of credit ) . during the year ended december 31 , 2012 , the company generated proceeds from various transactions , which included the following : ▪ disposed of 35 consolidated properties , receiving net proceeds of approximately $ 1.0 billion ; ▪ obtained $ 26.5 million in new mortgage financing ; ▪ issued approximately 26.7 million common shares ( including common shares issued in a public equity offering in november/december 2012 and under the atm program – see further discussion below ) and received net proceeds of $ 1.4 billion , which were contributed to the capital of the operating partnership in exchange for additional op units ( on a one-for-one common share per op unit basis ) ; and ▪ collected $ 150.0 million in termination fees relating to the pursuit of archstone .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources for the year ended december 31 , 2012 eqr issues public equity from time to time and guarantees certain debt of erpop . eqr does not have any indebtedness as all debt is incurred by the operating partnership . as of january 1 , 2012 , the company had approximately $ 383.9 million of cash and cash equivalents , its restricted 1031 exchange proceeds totaled $ 53.7 million and it had $ 1.22 billion available under its revolving credit facility ( net of $ 31.8 million which was restricted/dedicated to support letters of credit ) . after taking into effect the various transactions discussed in the following paragraphs and the net cash provided by operating activities , the company 's cash and cash equivalents balance at december 31 , 2012 was approximately $ 612.6 million , its restricted 1031 exchange proceeds totaled $ 152.2 million and the amount available on its revolving credit facility was $ 1.72 billion ( net of $ 30.2 million which was restricted/dedicated to support letters of credit ) . during the year ended december 31 , 2012 , the company generated proceeds from various transactions , which included the following : ▪ disposed of 35 consolidated properties , receiving net proceeds of approximately $ 1.0 billion ; ▪ obtained $ 26.5 million in new mortgage financing ; ▪ issued approximately 26.7 million common shares ( including common shares issued in a public equity offering in november/december 2012 and under the atm program – see further discussion below ) and received net proceeds of $ 1.4 billion , which were contributed to the capital of the operating partnership in exchange for additional op units ( on a one-for-one common share per op unit basis ) ; and ▪ collected $ 150.0 million in termination fees relating to the pursuit of archstone .
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 Suspicious Activity Report : forward-looking statements and related uncertainties are also included in the notes to consolidated financial statements in this report . overview equity residential ( “ eqr ” ) , a maryland real estate investment trust ( “ reit ” ) formed in march 1993 , is an s & p 500 company focused on the acquisition , development and management of high quality apartment properties in top united states growth markets . erp operating limited partnership ( “ erpop ” ) , an illinois limited partnership , was formed in may 1993 to conduct the multifamily residential property business of equity residential . eqr has elected to be taxed as a reit . references to the “ company , ” “ we , ” “ us ” or “ our ” mean collectively eqr , erpop and those entities/subsidiaries owned or controlled by eqr and or erpop . references to the “ operating partnership ” mean collectively erpop and those entities/subsidiaries owned or controlled by erpop . eqr is the general partner of , and as of december 31 , 2012 owned an approximate 95.9 % ownership interest in erpop . all of the company 's property ownership , development and related business operations are conducted through the operating partnership and eqr has no material assets or liabilities other than its investment in erpop . eqr issues public equity from time to time but does not have any indebtedness as all debt is incurred by the operating partnership . the operating partnership holds substantially all of the assets of the company , including the company 's ownership interests in its joint ventures . the operating partnership conducts the operations of the business and is structured as a partnership with no publicly traded equity . the company 's corporate headquarters are located in chicago , illinois and the company also operates property management offices in each of its markets . as of december 31 , 2012 , the company had approximately 3,600 e mployees who provided real estate operations , leasing , legal , financial , accounting , acquisition , disposition , development and other support functions . business objectives and operating and investing strategies the company invests in high quality apartment communities located in strategically targeted markets with the goal of maximizing our risk adjusted total return ( operating income plus capital appreciation ) on invested capital . we seek to maximize the income and capital appreciation of our properties by investing in markets ( our core markets ) that are characterized by conditions favorable to multifamily property appreciation . we are focused primarily on the six core coastal , high barrier to entry markets of boston , new york , washington dc , southern california , san francisco and seattle . these markets generally feature one or more of the following characteristics that allow us to increase rents : 41 ▪ high barriers to entry where , because of land scarcity or government regulation , it is difficult or costly to build new apartment properties , creating limits on new supply ; ▪ high home ownership costs ; ▪ strong economic growth leading to household formation and job growth , which in turn leads to high demand for our apartments ; ▪ urban core locations with an attractive quality of life and higher wage job categories leading to high resident demand and retention ; and ▪ favorable demographics contributing to a larger pool of target residents with a high propensity to rent apartments . our operating focus is on balancing occupancy and rental rates to maximize our revenue while exercising tight cost control to generate the highest possible return to our shareholders . revenue is maximized by attracting qualified prospects to our properties , cost-effectively converting these prospects into new residents and keeping our residents satisfied so they will renew their leases upon expiration . while we believe that it is our high-quality , well-located assets that bring our customers to us , it is the customer service and superior value provided by our on-site personnel that keeps them renting with us and recommending us to their friends . we use technology to engage our customers in the way that they want to be engaged . many of our residents utilize our web-based resident portal which allows them to sign their leases , review their accounts and make payments , provide feedback and make service requests on-line . acquisitions and developments may be financed from various sources of capital , which may include retained cash flow , issuance of additional equity and debt , sales of properties and joint venture agreements . in addition , the company may acquire properties in transactions that include the issuance of limited partnership interests in the operating partnership ( “ op units ” ) as consideration for the acquired properties . such transactions may , in certain circumstances , enable the sellers to defer , in whole or in part , the recognition of taxable income or gain that might otherwise result from the sales . the company may acquire land parcels to hold and or sell based on market opportunities . the company may also seek to acquire properties by purchasing defaulted or distressed debt that encumbers desirable properties in the hope of obtaining title to property through foreclosure or deed-in-lieu of foreclosure proceedings . the company has also , in the past , converted some of its properties and sold them as condominiums but is not currently active in this line of business . over the past several years , the company has done an extensive repositioning of its portfolio from low barrier to entry/non-core markets to high barrier to entry/core markets . story_separator_special_tag the following tables provide a rollforward of the apartment units included in same store properties and a reconciliation of apartment units included in same store properties to those included in total properties for the year ended december 31 , 2012 : replace_table_token_9_th 45 replace_table_token_10_th note : properties are considered `` stabilized `` when they have achieved 90 % occupancy for three consecutive months . properties are included in same store when they are stabilized for all of the current and comparable periods presented . ( 1 ) in 2010 , the company consolidated seven properties containing 1,811 apartment units that had previously been categorized as unconsolidated . of these properties , one containing 208 apartment units was sold in 2010 , two containing 560 apartment units were sold in 2011 and two containing 542 apartment units were sold in 2012 . ( 2 ) includes properties in various stages of lease-up and properties where lease-up has been completed but the properties were not stabilized for the comparable periods presented . the company 's acquisition , disposition and completed development activities also impacted overall results of operations for the years ended december 31 , 2012 and 2011 . the impacts of these activities are discussed in greater detail in the following paragraphs . comparison of the year ended december 31 , 2012 to the year ended december 31 , 2011 for the year ended december 31 , 2012 , the company reported diluted earnings per share of $ 2.70 compared to $ 2.95 per share for the year ended december 31 , 2011 . the difference is primarily due to higher gains from property sales in 2011 vs. 2012 , partially offset by higher total property net operating income driven by the positive impact of the company 's same store and lease-up activity and the company 's recognition of $ 150.0 million in termination fees related to our pursuit of archstone ( see note 18 in the notes to consolidated financial statements for further discussion ) . for the year ended december 31 , 2012 , income from continuing operations increased approximately $ 253.8 million when compared to the year ended december 31 , 2011 . the increase in continuing operations is discussed below . revenues from the 2012 same store properties increased $ 97.5 million primarily as a result of an increase in average rental rates charged to residents and slightly higher occupancy , partially offset by increased turnover . expenses from the 2012 same store properties increased $ 11.2 million primarily due to increases in real estate taxes and insurance , partially offset by a decrease in utilities . the following tables provide comparative same store results and statistics for the 2012 same store properties : 46 replace_table_token_11_th ( 1 ) average rental rate is defined as total rental revenues divided by the weighted average occupied apartment units for the period . the following table provides comparative same store operating expenses for the 2012 same store properties : replace_table_token_12_th ( 1 ) on-site payroll – includes payroll and related expenses for on-site personnel including property managers , leasing consultants and maintenance staff . ( 2 ) utilities – represents gross expenses prior to any recoveries under the resident utility billing system ( “ rubs ” ) . recoveries are reflected in rental income . ( 3 ) repairs and maintenance – includes general maintenance costs , apartment unit turnover costs including interior painting , routine landscaping , security , exterminating , fire protection , snow removal , elevator , roof and parking lot repairs and other miscellaneous building repair costs . ( 4 ) property management costs – includes payroll and related expenses for departments , or portions of departments , that directly support on-site management . these include such departments as regional and corporate property management , property accounting , human resources , training , marketing and revenue management , procurement , real estate tax , property legal services and information technology . ( 5 ) other on-site operating expenses – includes administrative costs such as office supplies , telephone and data charges , association and business licensing fees and ground lease costs . the following table presents a reconciliation of operating income per the consolidated statements of operations to noi for the 2012 same store properties : 47 replace_table_token_13_th for properties that the company acquired prior to january 1 , 2012 and expects to continue to own through december 31 , 2013 ( which is computed based on the portfolio of approximately 80,000 apartment units that the company expects to have in its annual same store set after the completion of its planned 2013 dispositions ) , the company anticipates the following same store results for the full year ending december 31 , 2013 : 2013 same store assumptions physical occupancy 95.3 % revenue change 4.0 % to 5.0 % expense change 2.5 % to 3.5 % noi change 4.5 % to 6.0 % the company anticipates no consolidated rental acquisitions outside of archstone and consolidated rental dispositions of $ 4.0 billion and expects that acquisitions will have a 1.00 % lower cap rate than dispositions for the full year ending december 31 , 2013 . these 2013 assumptions are based on current expectations and are forward-looking . non-same store operating results increased approximately $ 95.0 million and consist primarily of properties acquired in calendar years 2011 and 2012 , as well as operations from the company 's completed development properties . although the operations of both the non-same store assets and the same store assets have been positively impacted during the year ended december 31 , 2012 , the non-same store assets have contributed a greater percentage of total noi to the company 's overall operating results primarily due to 2011 and 2012 acquisitions , increasing occupancy for properties in lease-up and a longer ownership period in 2012 than 2011. this increase primarily resulted from : ▪ development and other miscellaneous properties in lease-up of $

