Business News • MarketWire • Essex Property Trust Acquires Two Communities |
Essex Property Trust Acquires Two Communities |
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Essex Property Trust Acquires Two Communities
PALO ALTO, CA--(Marketwire - July 12, 2010) - Essex Property Trust, Inc. (NYSE: ESS) a fully integrated Real Estate Investment Trust (REIT) that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company has acquired 101 San Fernando, a 323-unit community in San Jose, California for approximately $64.1 million (comprised of $4.5 million for the land and $59.6 million for the improvements) and Eagle Rim Apartments, a 156-unit community located in Redmond, Washington for $18.6 million.
View More : http://www.marketwire.com/mw/release.do?id=1288890&sourceType=3
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