Equity residential sells large san diego asset

Chicago--(business wire)--equity residential (nyse: eqr) today announced that the company has sold an apartment property in san diego and used the sale proceeds to enhance its already strong financial position by addressing 2021 debt maturities. the company sold vantage pointe, a 679-unit apartment property located in downtown san diego, for a sale price of approximately $312.5 million at a disposition yield of 4.1%, generating a preliminary unlevered irr of 8.8% over the company's ten-year own
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