New Sale Offering of 1,180-unit Manhattan and Brooklyn Multi-Family Portfolio

Chicago-based REIT, EQR, is looking to sell a five-building rental portfolio located in Manhattan and Brooklyn. The REIT linked to Equity Residential is asking north of $750 million for the 1,180-unit residential package, or about $635,953 per unit. Among the five properties, four are located in Manhattan and one in Downtown Brooklyn.