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Real Estate/Development

Apr. 9, 2016

Essex's local portfolio now exceeds 6K apartments

With its latest acquisition in the East Village, Essex Property Trust now owns more than 6,000 apartments in 21 complexes in San Diego County, and it may aim for more.

Essex Property Trust (NYSE: ESS) must like to invest in San Diego County as the San Mateo company continues to gobble up well-located apartments here.

With its latest acquisition in the East Village, Essex now owns more than 6,000 apartments in 21 complexes in San Diego County, and it may aim for more.

The real estate investment trust (REIT) paid $52.16 million, or $218,332 per unit, to acquire the 241-unit Form 15 apartment complex at 1450 Market St. Essex Form 15 L.P. was t...

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