Spitzer 24 Micron Observations of Optical/Near-Infrared-Selected Extremely Red Galaxies: Evidence for Assembly of Massive Galaxies at Z approximately equal to 1-2?

We carried out direct measurement of the fraction of dusty sources in a sample of extremely red galaxies with (R - Ks) >= 5.3 mag and Ks < 20:2 mag, using 24 micron data from the Spitzer Space Telescope. Combining deep 24 micron Ks- and R-band data over an area of ~64 arcmin(sup 2) in ELAIS N1 of the Spitzer First Look Survey (FLS), we find that 50% +/- 6% of our extremely red object (ERO) sample have measurable 24 micron flux above the 3 (sigma) flux limit of 40 (micro)Jy. This flux limit corresponds to a star formation rate (SFR) of 12 solar masses per year ~1, much more sensitive than any previous long-wavelength measurement. The 24 micron-detected EROs have 24 micron/2.2 micron and 24 micron/0.7 micron flux ratios consistent with infrared luminous, dusty sources at z >= 1, and are an order of magnitude too red to be explained by an infrared quiescent spiral or a pure old stellar population at any redshift. Some of these 24 micron-detected EROs could be active galactic nuclei; however, the fraction among the whole ERO sample is probably small, 10%-20%, as suggested by deep X-ray observations as well as optical spectroscopy. Keck optical spectroscopy of a sample of similarly selected EROs in the FLS field suggests that most of the EROs in ELAIS N1 are probably at z ~1. The mean 24 micron flux (167 (micro)Jy) of the 24 micron-detected ERO sample roughly corresponds to the rest-frame 12 micron luminosity, (nu)L(nu)(12 micron, of 3x10(exp 10)(deg) solar luminosities at z ~1. Using the c IRAS (nu)L(nu)(12 (micron) and infrared luminosity LIR(8-1000 (micron), we infer that the (LIR) of the 24 micron- detected EROs is 3 x 10(exp 11) and 1 x 10(exp 12) solar luminosities at z = 1.0 and similar to that of local luminous infrared galaxies (LIRGs) and ultraluminous infrared galaxies (ULIRGs). The corresponding SFR would be roughly 50-170 solar masses per year. If the timescale of this starbursting phase is on the order of 108 yr as inferred for the local LIRGs and ULIRGs, the lower limit on the masses of these 24 micron-detected EROs is 5 x 10(exp 9) to 2 x 10(exp 10) solar masses. It is plausible that some of the starburst EROs are in the midst of a violent transformation to become massive early type galaxies at the epoch of z ~1-2.