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| Equity Residential completed sale of Lexford Housing Division Equity Residential has completed the previously announced sale of its Lexford Housing Division to affiliates of Empire Group Holdings LLC, a privately held company based in Montvale, New Jersey, for a cash purchase price of $1.086 billion. The Lexford Housing Division is comprised of 289 properties, built between 1976 and 1989, consisting of 27,115 apartment units located in ten states and a property management business, consisting of approximately 800 employees, headquartered in Columbus, Ohio. write your comments about the article :: © 2006 Construction News :: home page |