Equity Commonwealth (NYSE: EQC) has completed the sale of its final property, 1225 Seventeenth Street in Denver, Colorado, for $132.5 million ($124.4 million net after credits) on February 25, 2025. This marks a significant milestone in the company’s liquidation process.
Following shareholder approval of the Plan of Sale and Dissolution with 85.5% support on November 12, 2024, EQC has updated its estimated aggregate shareholder liquidating distribution range to $20.55 to $20.70 per common share, inclusive of the initial $19.00 per share distribution paid on December 6, 2024.
The company reported net assets in liquidation of approximately $179 million as of December 31, 2024. Prior to…
