CHICAGO (AP) ¿ Equity Residential, a real estate investment trust, said Monday that its ERP Operating Limited Partnership completed a tender offer for about $48.5 million of its outstanding 3.85 percent exchangeable senior notes due Aug. 15, 2026. The offer expired Dec. 30, and payment for the notes was made Dec. 31. The aggregate consideration for the notes accepted for purchase and interest was about $49.2 million. The company said that as a result of a noncash write-off of certain costs, it will record a charge to earnings and funds from operations of about $1.7 million in the fourth quarter. Combined with a previously announced charge of $23.2 million related to non-exchangeable notes, the company will record a charge to earnings and funds from operations of about $24.9 million, or 9 cents per share, in the fourth quarter. Equity Residential, based in Chicago, develops and manages apartment buildings in the U.S. Its shares fell 7 cents to $33.71 in afternoon trading.