Essex’s $121M Buy of M-F Portfolio Shows San Diego’s Solid Economy

Source:  CPE

Essex Property Trust Inc., of Palo Alto, Calif., has purchased a 379-unit luxury apartment community in San Diego for $121 million in an all-cash transaction, it was announced late last week by the property’s developer, Wood Partners, of San Diego, and by Institutional Property Advisors, a Marcus & Millichap company, which brokered the property. The seller was a joint venture of Wood Partners and a fund sponsored by CBRE Global Investors. Domain by Alta – San Diego ... Freemium Content

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