Mack-Cali Realty Corporation announced a trio of transactions across its residential portfolio, including the sale of its interests in Riverwatch Commons in New Brunswick, NJ and Crystal House Apartments in Arlington, VA, as well as the construction take-out financing of The Emery at Overlook Ridge in Malden, MA. Mack-Cali sold its JV interest in Crystal House Apartments in Arlington, VA, which it owned in partnership with an institutional investor. Crystal House Apartments, located a block from Amazon's proposed HQ2, are comprised of an 825-unit operating property and land held for future development. The assets were sold for $377 million comprised of $40 million for the land and $337 million for the operating property. Additionally, the firm sold Riverwatch Commons for a total of $47 million. The asset is comprised of 200 units in New Brunswick, NJ, at 5 Dennis Street, 10 Dennis Street, and 100 Hiram Square – and is ideally located near Rutgers University and Robert Wood Johnson University Hospital. The dispositions of the Company's two oldest properties will elevate the portfolio's average revenue per home to over $3,100 and reduce the average age of its assets to seven (7) years, which will be further reduced upon the scheduled delivery of three communities in 2021.