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Equity Residential Sells Port Royale Apts for $117.4M

JV Acquires 737-Unit Fort Lauderdale Community
By Melannie Skinner
January 30, 2013 | 3:30 P.M.

A joint venture between Texas-based Mill Creek Residential Trust LLC and New York-based JPMorgan Asset Management purchased the Port Royale Apartments at 3355 Port Royale Dr. S in Fort Lauderdale, FL from Chicago-based Equity Residential for $117.35 million, or approximately $159,000 per unit.

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