UPDATE, 11/28/12, 11:08 a.m. EST: The names of additional Hogan Lovells attorneys advising on the transaction have been added in the ninth paragraph.

Months after Lehman Brothers Holdings, Inc. secured the last remaining stake in apartment operator Archstone Enterprise it did not already own, the now-defunct investment bank has agreed to sell the company to a pair of real estate investment trusts for a total of $6.5 billion in cash and stock.