Equity Residential buys L.A. apartments for $100M

04/21/2011 | Los Angeles Times (tiered subscription model)

Equity Residential has acquired an apartment building for $100 million in one of the largest multifamily property sales ever in downtown Los Angeles. "Equity Residential's purchase is a tremendous endorsement of downtown L.A.," Cushman & Wakefield's Marc Renard says. "One of the largest publicly traded REITs has employed substantial capital."

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