PALO ALTO, CA—Essex Property Trust has formed a$160 million joint multifamily real estateinvestment venture with the State of Wisconsin InvestmentBoard.
The two bodies have each invested $80 millionand will hold a 50% stake in the JV known asWESCO IV.
“We will not be publicly releasing any additional information onthis venture until our first quarter 2014 earnings report on May8th,” said Barb Pak, director ofinvestor relations for Essex, in speaking with San Francisco-basedRE website, The Registry.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
