Equity Residential announced the closing of the sale, for $5.365 billion, of 72 properties, consisting of 23,262 apartment units that it had agreed to sell to controlled affiliates of Starwood Capital Group, as previously announced on October 26, 2015. The sale of 71 of the properties closed on January 26, 2016 and the company expects the final property sale to close later January 27, 2016. Neal, Gerber & Eisenberg LLP served as Equity Residential's legal advisor and Kirkland & Ellis LLP and Paul Hastings LLP served as Starwood's legal advisors on this transaction.