Skip to main content

Partnership will deploy Zipcars at apartment blocks

Equity Residential, a leading US owner and operator of apartment properties, and Zipcar have announced a strategic partnership that will expand the presence of Zipcar's car sharing services at Equity Residential apartment properties. As part of this agreement, Zipcar, which claims more than 560,000 members and over 8,000 vehicles in urban areas and college campuses throughout the United States, Canada and the United Kingdom, will provide vehicles onsite at Equity Residential properties in New York, Boston,
May 16, 2012 Read time: 2 mins
Equity Residential, a leading US owner and operator of apartment properties, and 3874 Zipcar have announced a strategic partnership that will expand the presence of Zipcar's car sharing services at Equity Residential apartment properties. As part of this agreement, Zipcar, which claims more than 560,000 members and over 8,000 vehicles in urban areas and college campuses throughout the United States, Canada and the United Kingdom, will provide vehicles onsite at Equity Residential properties in New York, Boston, Washington, DC, and Seattle and will offer a membership promotion to all Equity Residential residents in Zipcar's US markets. These vehicles can be accessed by more than 17,000 residents living in participating properties.

"We are delighted to partner with Zipcar to bring this extraordinary lifestyle amenity directly to our residents in these key strategic cities," said David Santee, Equity Residential's executive VP of operations.  "Our partnership with Zipcar will continue to grow as both companies expand their presence in these highly sought after locations, further differentiating our properties as exceptional lifestyle choices."

"We commend Equity Residential as a top, forward-thinking partner,” said Zipcar chairman and CEO Scott Griffith. “This offering delivers an outstanding value to residents of Equity properties since Zipcar members report saving US$7,200 per year versus car ownership."

For more information on companies in this article

Related Content

  • Sirit to be acquired by Federal Signal
    February 1, 2012
    Leading provider of radio frequency identification (RFID) technology, Sirit, and Federal Signal Corporation have signed a definitive agreement whereby Federal Signal will acquire all of the issued and outstanding common shares of Sirit for cash consideration of CDN$0.30 per share (US$0.29) by way of a court approved plan of arrangement under the Business Corporations Act (Ontario).
  • Turkish Ministry of Transport joins Ertico - ITS Europe
    September 26, 2012
    Joining 100 partners ranging from mobile network operators, public authorities, research institutions, services providers, suppliers, traffic and transport industry, user groups and vehicle manufacturers, the Turkish Ministry of Transport, Maritime Affairs and Communications has joined the Ertico – ITS Europe Partnership, Europe’s leading organisation supporting R&D and deployment of Intelligent Transport Systems and Services (ITS). Turkey has made a large investment in its transport infrastructure, includi
  • Nokia sells device business to Microsoft, but retains Here
    September 4, 2013
    Nokia Corporation has signed an agreement to sell substantially all of its devices and services business and licence its patents to Microsoft for US$7.1 billion in cash, payable at closing. Following the transaction, Nokia plans to focus on its three established businesses: NSN network infrastructure and services; Here mapping and location services; and Advanced Technologies technology development and licensing.
  • DriveCam funding for strategic acquisition
    March 23, 2012
    To continue funding rapid growth and market expansion, DriveCam has entered into a definitive agreement to raise US$85 million in investment capital from Welsh, Carson, Anderson & Stowe XI, (WCAS), a New York-based private equity firm.