Essex Property Trust Pays $164MM to Acquire 300-Unit Walnut Creek Apartment Complex

By Jon Peterson San Mateo-based Essex Properties Trust has paid $164.9 million, or just under $550,000 per unit, to acquire the 300-unit Brio apartment complex in Walnut Creek, according to the real estate investment trust’s 2019 second quarter earnings report. The investor used a DownREIT structure in the purchase of the property. At the same […]