Equity Residential Announces Agreement to Sell 23,000 Apartment Units to Starwood Capital Group for $5.365 Billion

CHICAGO--Equity Residential (NYSE: EQR) today announced that the company has entered into an agreement to sell 72 properties consisting of 23,262 apartment units to Starwood Capital Group, through a controlled affiliate, for $5.365 billion, or approximately $230,634 per unit on average, and a capitalization rate of 5.5%. The sale is expected to close in the […]