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Starwood Capital to buy apartment units worth $5.37 billion

(Reuters) – Private investment firm Starwood Capital Group has agreed to buy 72 properties from real estate company Equity Residential for about $5.37 billion, the companies said on Monday. The deal, which comprises 23,262 apartment units, is expected to close in the first quarter of 2016. (Reporting by Ankit Ajmera in Bengaluru; Editing by Robin Paxton)

Starwood Capital to buy apartment units worth $5.37 billion

(Reuters) – Private investment firm Starwood Capital Group has agreed to buy 72 properties from real estate company Equity Residential for about $5.37 billion, the companies said on Monday. The deal, which comprises 23,262 apartment units, is expected to close in the first quarter of 2016. (Reporting by Ankit Ajmera in Bengaluru; Editing by Robin Paxton)

Largest U.S. refineries unaffected by heavy Gulf Coast rain

Operations at the largest two U.S. refineries were unaffected by heavy rains along the Texas Gulf Coast over the weekend, representatives for the plants said on Sunday. Both the 603,000 barrel per day Motiva Enterprises Port Arthur, Texas refinery and Exxon Mobil Corp’s 560,500 bpd Baytown, Texas, refinery were operating after more than 10 inches (25 cm) of rain fell over the Texas coast between Saturday and Sunday. The heavy