GREENWICH, Conn., Oct. 26, 2015 /PRNewswire/ -- Starwood Capital Group, a leading global private investment firm, announced today that Starwood Global Opportunity Fund X (SOF X), through a controlled affiliate, has entered into an agreement to acquire an institutional-quality portfolio of 23,262 apartment units in 72 communities across the United States from Equity Residential (NYSE: EQR). Expected to close in the first quarter of 2016, the acquisition—valued at $5.365 billion—is the largest non-hotel purchase in Starwood Capital Group's history. Comprising a mix of mid-rise and garden-style apartment buildings,...
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