Announced
Completed
Financials
Sources
Tags
real estate assets
Acquisition
Domestic
Private
Friendly
United States
apartment complex
Real Estate
Completed
Single Bidder
Real Estate Holding and Development
Majority
Synopsis
Essex Property Trust, a fully integrated real estate investment trust, completed the acquisition of the remaining 49% stake in the BEXAEW real estate portfolio, comprised of four properties totaling 1.5k apartment homes, for $505m. Concurrent with closing, the company repaid $220m of debt encumbering the properties and consolidated the communities on the company’s financials.
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