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Home Finance Essex Property Trust Takes Control of 378-Unit Portico in Oakland’s Brooklyn Basin After $156.5MM Debt Workout
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Essex Property Trust Takes Control of 378-Unit Portico in Oakland’s Brooklyn Basin After $156.5MM Debt Workout

October 28, 20264 Mins read105
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Essex Property Trust disclosed that it now owns a 2024-built, 378-unit apartment community in Oakland after liquidating a $64.2 million subordinated loan and seeing the $92.3 million senior mortgage paid off, a property that research by The Registry identifies as Cityview's Portico on the Brooklyn Basin waterfront.

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