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Equity Residential Pays $100M for Arlington Multifamily

Cornerstone/Kettler JV Sells 326-Unit Metropolitan at Pentagon Row
By Laurie Forbes
October 30, 2009 | 6:35 P.M.

Equity Residential closed its purchase of Metropolitan at Pentagon Row, a 326-unit apartment complex in Arlington, VA, from joint venture partners Cornerstone Real Estate Advisers and Kettler for $100 million, or approximately $306,748 per unit. The acquisition was made free and clear of existing financing.

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