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Home Finance Essex Property Trust Sells 350-Unit Santa Ana High-Rise Essex Skyline for $239.6MM to Crescent Heights
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Essex Property Trust Sells 350-Unit Santa Ana High-Rise Essex Skyline for $239.6MM to Crescent Heights

April 3, 20251 Mins read1.3k
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Essex Property Trust, Inc. sold its luxury apartment complex, Essex Skyline, for $239.6 million, part of an asset reallocation to Northern California. The transaction generated $366.6 million, reinvested in three newer properties valued at $345.5 million. CEO Angela Kleiman highlighted acquisitions that optimize operations and enhance investor yields.

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