Partnership will deploy Zipcars at apartment blocks

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."