The two properties include the 145-unit Woodside Village Apartments at 675 Providence Ave. and the 28-unit Pinehurst Apartments at 3980 Telegraph Rd. They were among three buildings that sold for a total of more than $41 million in two separate sales. The other was a $13.5-million deal in Brentwood that was brokered by Team Lustig-Bower of CB Richard Ellis.Keith R. Guericke, president and CEO of Essex, says the REIT was attracted to the two properties by not only the complexes themselves but also Ventura's strong population growth and its proximity to jobs. He says Essex believes the area will continue to produce above average rent increases because of job growth and the general shortage of housing in Ventura County.Woodside Village was developed in 1989 and is consists of 29 two-story buildings that are designed like single-family homes, with each building including two three-bedroom townhouse units that are 1,150 sf and three two-bedroom single story units of approximately 800 sf. The apartments have large kitchens with ceramic tile countertops, washer/dryer hook-ups and sizeable balconies.Pinehurst Apartments was developed in 1973 and consists of three stucco buildings of one and two stories. Its 28 apartments are all one-bedroom units measuring 757 sf, all with gas fireplaces.In the Brentwood deal, Adrienne Herman of Team Lustig-Bower reports that Starpoint Properties bought the 53-unit property at 1154 S. Barrington Ave. from a private investor based in Los Angeles. The property was built in 1973 and is slated to be converted to condominiums. CBRE represented the buyer and the seller.

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