<PAGE>
PROSPECTUS SUPPLEMENT
(TO PROPECTUS DATED MARCH 24, 1999)
EQUITY RESIDENTIAL PROPERTIES TRUST
1,262,264 SHARES
This prospectus supplement amends and replaces the table following the
first paragraph under the heading "Selling Shareholders" on pages 6 and 7 of the
prospectus dated March 24, 1999. The revised table sets forth the name of each
selling shareholder , the number of common shares to be owned upon exchange of
units of limited partnership interest by each selling shareholder (as described
in the prospectus) and the number of common shares that may be offered by each
selling shareholder.
----------------------------------
The date of this prospectus supplement is July 8, 1999
<PAGE>
<TABLE>
<CAPTION>
NUMBER OF COMMON
SHARES OWNED AND
NAME OF SELLING SHAREHOLDER OFFERED HEREBY
--------------------------- --------------
<S> <C>
TCF Residential Partnership, Ltd...................................... 182,011 (1)
J. Ronald Terwilliger ................................................ 148,470 (2)
CPM Investment Company, LLC........................................... 111,226
Lansing-Sierra Associates, L.P........................................ 90,445
Leonard W. Wood Family Limited Partnership............................ 87,705 (3)
Susan A. Hoeksema..................................................... 81,962
CFP Residential, L.P. ................................................ 74,396 (1)
Douglas Hoeksema...................................................... 72,500
Warren J. Durkin, Jr.................................................. 51,404
Taxman Family Limited Partnership..................................... 44,305
J. Ronald Terwilliger Grantor Trust................................... 23,378 (4)
Randy J. Pace......................................................... 21,134
Edward O. Wood, Jr.................................................... 18,044
Mandel Properties Services, Inc....................................... 16,786
Christopher T. Carley................................................. 16,397
Speicher Family Trust................................................. 15,607
JRT Holdings, Inc..................................................... 14,245 (5)
Trammell Crow Residential Company..................................... 11,476
Barry R. Mandel....................................................... 9,801 (6)
Clifford Breining..................................................... 9,457
LWW Holdings, Inc..................................................... 8,796 (7)
Guy Weill............................................................. 6,014
Bruce R. Fairty....................................................... 5,752
Terrence C. Golden.................................................... 5,742
Richard L. Michaux.................................................... 5,551
Edward A. Storey...................................................... 4,999
David J. Elwell....................................................... 4,333
Arthur Hill........................................................... 4,134
TCR-Glenlake Club Limited Partnership................................. 3,902
Ronald J. Gafford..................................................... 3,093
Dwight C. Baum and Hildegard E. Baum Trust............................ 3,007
John S. Carter........................................................ 3,007
Edwin K. Hoffman...................................................... 3,007
Kenneth McCormick..................................................... 3,007
Joel M. Goldfrank..................................................... 3,007
David Benjamin........................................................ 2,894
Dennis Fitzharris..................................................... 2,757
Robert M. Schaffner................................................... 2,327
Estate of Robert E. Springer.......................................... 2,068
J. Kevin Henderson.................................................... 1,581
John T. Dealy......................................................... 1,503
A. Eugene Kohn........................................................ 1,503
Peter E. Bronstein.................................................... 1,503
Steven A. Karpf....................................................... 1,503 (8)
Arthur Hauspurg....................................................... 1,378
Peter Hauspurg........................................................ 1,378
Russell Pellicano..................................................... 1,378
William and Marta Ray................................................. 1,000
Balcones Club Associates.............................................. 989
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
NUMBER OF COMMON
SHARES OWNED AND
NAME OF SELLING SHAREHOLDER OFFERED HEREBY
--------------------------- --------------
<S> <C>
Donald E. Conover..................................................... 751
Thomas M. Yamin....................................................... 751
Royal Taxman.......................................................... 662
GT of Wisconsin, Inc.................................................. 662
Gary Taxman........................................................... 662
C. Ronald Blankenship................................................. 441
Marcus E. Bromley..................................................... 437
Lewis Topper.......................................................... 138
Hy Manton............................................................. 138
Philip Levy........................................................... 138
Jeffrey Gilbert....................................................... 138
Trammell S. Crow...................................................... 44
--------------
1,196,824 (9)
--------------
--------------
</TABLE>
- ----------------------
(1) The general partner of TCF Residential Partnership, Ltd. is Mill Spring
Holdings, Inc. The general partner of CFP Residential, L.P. is Crow
Family, Inc. Harlan R. Crow is the Chief Executive Officer of each of
Mill Spring Holdings, Inc. and Crow Family, Inc.
(2) Does not include 23,378 shares that may be owned upon an exchange of
units by the J. Ronald Terwilliger Grantor Trust, of which Mr.
Terwilliger is the trustee, or 14,245 shares that may be owned upon an
exchange of units by JRT Holdings, Inc., of which Mr. Terwilliger is
the President.
(3) Does not include 8,796 shares that may be owned upon an exchange of
units by LWW Holdings, Inc. Leonard W. Wood is the President of each of
the general partner of the Leonard W. Wood Family Partnership and LWW
Holdings, Inc.
(4) Does not include 148,470 shares that may be owned upon an exchange of
units by J. Ronald Terwilliger, who is the trustee of the J. Ronald
Terwilliger Grantor Trust.
(5) Does not include 148,470 shares that may be owned upon an exchange of
units by J. Ronald Terwilliger, who is the President of JRT Holdings,
Inc.
(6) Does not include 16,786 shares registered hereunder for the benefit of
Mandel Property Services, Inc., of which Mr. Mandel is the sole
shareholder and President.
(7) Does not include 87,705 shares that may be owned upon an exchange of
units by the Leonard W. Wood Family Limited Partnership. Leonard W.
Wood is the President of each of the general partner of the Leonard W.
Wood Family Limited Partnership and LWW Holdings, Inc.
(8) Mr. Karpf has informed us that he also owns an additional 762 of our
common shares.
(9) We have been informed that the selling shareholders have sold 65,440 of
the shares listed in the prospectus.
