Essex wants Top Spot in West Coast Apartment REITs to Pay $4.34 Billion to buy BRE Properties
Palo Alto-based Essex Property Trust Inc. announced last week it would buy BRE Properties, Inc. of San Francisco for about $4.34 billion to become the largest publicly-traded apartment REIT in the U.S. West Coast. The combined Apartment REITs will own about 56,000 apartment units in 239 properties in southern and northern California and Seattle. Having […]