Equity Residential is looking to sell two Manhattan multifamily buildings amid the city’s softening rental market. The real estate investment trust has put 800 Sixth Avenue in Chelsea and 505 West 54th Street in Hell’s Kitchen on the market, Bloomberg News reported. No pricing was given for the properties. A spokesperson for Equity Residential declined to comment, but outgoing CEO David Neithercut said on a July earnings call that the company is trying to reign […]
source https://therealdeal.com/2018/09/17/equity-residential-looks-to-sell-two-manhattan-properties-in-soft-rental-market/
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