(To read more on the multifamily market, click here.)
NASHVILLE-Equity Residential has placed five multifamilyproperties--four complexes with a total 1,593 units and a 79.6-acredevelopment parcel--on the market, with no suggested price tag. TheChicago-based trust has tapped Apartment Realty Advisors to marketthe portfolio as a whole or as individual properties.
In addition to the nearly 80 acres of land, included in the areaportfolio are the Arbors at Brentwood, Cambridge at Hickory Hollow,Cherry Creek and Preakness. An ARA spokesman tells GlobeSt.com thatEquity Residential is disposing of the properties to focus on majormarkets with high barriers to entry.
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