Equity Commonwealth: management transactions · United States · SEC (Form 4)

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) was a United States real estate investment trust focused primarily on office properties. The company was formed in 1986 under Maryland law and operated for many years through an UPREIT structure, with substantially all activities conducted via EQC Operating Trust. Its operating footprint was anchored in the U.S., and its corporate headquarters and reporting history reflect a Chicago-based platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000803649/000080364925000020/eqc-20241231.htm?utm_source=openai)) From a business-model perspective, Equity Commonwealth was best understood as a niche office REIT rather than a large diversified property owner. Over time, the portfolio was materially reduced. As of December 31, 2024, the company reported just one remaining property, comprising about 0.7 million square feet, alongside $160.5 million in cash and cash equivalents. That balance sheet and portfolio mix signaled a mature wind-down posture, with capital return and asset monetization taking priority over ongoing expansion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000803649/000080364925000020/eqc-20241231.htm?utm_source=openai)) The most important recent development was the company’s Plan of Sale and Dissolution. Shareholders approved the plan on November 12, 2024, after which Equity Commonwealth transferred its remaining assets and liabilities to EQC Liquidating Trust, a newly created Maryland common law trust established for the benefit of common shareholders. The transfer became effective on June 13, 2025. In connection with that transaction, the company stated that all outstanding common shares were cancelled, the company deregistered with the SEC, and Equity Commonwealth dissolved. ([sec.gov](https://www.sec.gov/Archives/edgar/data/803649/000080364925000058/a20250616transfertoliquida.htm?utm_source=openai)) For investors, this means EQC should no longer be viewed as an operating public REIT with an active acquisition or leasing strategy. Instead, the security’s historical relevance lies in its transition from a listed office REIT on the NYSE to a liquidating vehicle. The competitive position it once held was based on disciplined capital allocation, a concentrated office portfolio, and a conservative balance sheet. However, that operating franchise has effectively been wound down, and the company no longer competes in the public U.S. office-REIT market in the traditional sense. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000803649/000080364925000020/eqc-20241231.htm?utm_source=openai)) In summary, Equity Commonwealth was a U.S.-listed NYSE REIT founded in 1986, focused on office assets, but its recent history is defined by liquidation and delisting rather than growth. The key milestones were the November 2024 shareholder approval of the dissolution plan, the June 2025 transfer to the liquidating trust, and the subsequent cancellation of shares and corporate dissolution. ([sec.gov](https://www.sec.gov/Archives/edgar/data/803649/000080364925000058/a20250616transfertoliquida.htm?utm_source=openai))