Essex Sells Majority Stake in 697-Unit San Mateo Community in $252MM Deal; Asset to Be Converted to Affordable Housing

In a Securities and Trade Commission filing this week, Essex Property Trust confirmed an apartment sale that promises to transform affordable housing in San Mateo, Calif. The buyer, Ethos Real Estate, in partnership with The Vistria Group, acquired Hillsdale Garden Apartments, a 697-unit community in San Mateo, Calif., for $252.4 million, or around $362,123 per […]