(Read more on the multifamily market.)
SAN RAMON, CA-Essex Property Trust, an apartment REIT from PaloAlto, has acquired the 250-unit Canyon Oaks Apartments here for$64.3 million. The seller was United Dominion Realty Trust. CurtisGardner of Arroyo & Coates had the disposition assignment.
The property consists of 13 three-story buildings and 158garages. Property amenities include a pool, fitness center, mediaroom and picnic area with barbecue grills. All units have nine-footceilings, full size washer and dryers and large patios orbalconies. Essex has not yet disclosed the current occupancy orrental rate.
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