Essex property trust, inc. (nyse:ess) acquired township apartments in redwood city from nuveen real estate for $88.6 million.

Essex property trust, inc. (nyse:ess) acquired township apartments in redwood city from nuveen real estate for $88.6 million on october 2, 2019. as part of the transaction, the company assumed a $44.3 million mortgage with an effective interest rate of 2.9% and a maturity date of may 2025. salvatore saglimbeni, stanford jones and philip saglimbeni of institutional property advisors represented nuveen real estate in the transaction. essex property trust, inc. (nyse:ess) completed the acquisition of township apartments in redwood city from nuveen real estate on october 2, 2019.
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