This is a common example physics teachers use. As far as I know, it never actually holds true.
There are point masses: A(light, eg. feather), B(heavy, eg. hammer) and, C(eg. the Earth). They are all stationary relative to each other and there are no forces acting on them other than that of gravity's up until the impact. A and B are an equal distance away from C. At no point do any of them occupy the same point in spacetime.
In all possible configurations, B will always be closer to the barycenter of the system and thus impact C first.
Additionally, if there are two, two body experiments; one with A-C and, one with B-C, B will still impact sooner. While C exerts an equal gravitational force on both A and B, B exerts a stronger force on C than A does.