Essex Property Trust Inc. bought the Marbrisas I & II apartment complex from Rancho Del Rey LLC, in the final phase of a two-property sale valued at $118.8 million. The property, consisting of 23 buildings on 26 acres, was built in 1990.
The complex includes a fitness center, two pools, a clubhouse and picnic areas.
Dennis Danielian and Jesse Goldstein of TCI Properties Investment Real Estate Brokers, based in Redwood Shores, represented both parties in both transactions.
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