EQUITY RESIDENTIAL SELLS CASCO BAY PORTFOLIO

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SCARBOROUGH AND PORTLAND, MAINE — Equity Residential has sold the Casco Bay Portfolio for $35 million to affiliates of the Philadelphia-based Resource Real Estate. The portfolio consists of Coach Lantern, a 90-unit townhouse community in the Prouts Neck area of Scarborough; Foxcroft, a 104-unit townhouse apartment community in Scarborough; and Tamarlane, 115-unit apartment community in the Back Cove district in Portland. Robert Griffin, Jr., Simon Butler and Biria St. John of Cushman & Wakefield represented the seller and procured the buyer in the disposition.

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