financetom
Business
financetom
/
Business
/
Essex Property Trust Buys Joint Venture Partner's Stake in Portfolio for $505 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Essex Property Trust Buys Joint Venture Partner's Stake in Portfolio for $505 Million
Mar 25, 2024 8:52 AM

11:44 AM EDT, 03/25/2024 (MT Newswires) -- Essex Property Trust ( ESS ) said Monday it acquired its joint venture partner's 49.9% stake in BEXAEW apartment property portfolio for $505 million on a gross basis.

The portfolio consists of four properties totaling 1,480 apartment homes.

The real estate investment trust said it repaid $219.9 million of debt encumbering the properties concurrent with the deal's closing.

Price: 240.83, Change: -1.17, Percent Change: -0.48

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer Stocks Mixed Premarket Tuesday
Sector Update: Consumer Stocks Mixed Premarket Tuesday
Mar 11, 2026
09:16 AM EST, 01/27/2026 (MT Newswires) -- Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.2% higher. General Motors ( GM ) stock was up more than 4% after the company posted higher Q4 adjusted earnings. Polaris (PII)...
LaunchPad Home Group Expands Into the Northeast With Acquisitions of RJ Home Inspections and Sherwood Inspection Services
LaunchPad Home Group Expands Into the Northeast With Acquisitions of RJ Home Inspections and Sherwood Inspection Services
Mar 11, 2026
AUSTIN, Texas--(BUSINESS WIRE)-- LaunchPad Home Group (“LaunchPad”), the nation’s premier provider of home inspection and residential services, today announced its expansion into the Northeast through the acquisitions of RJ Home Inspections and Sherwood Inspection Services, two highly respected inspection companies serving New England. The back-to-back acquisitions mark a significant milestone in LaunchPad’s national growth strategy and establish a strong foundation...
Odgers Acquires Ridgeway Partners to Expand Financial Services and Board Advisory Practices
Odgers Acquires Ridgeway Partners to Expand Financial Services and Board Advisory Practices
Mar 11, 2026
NEW YORK--(BUSINESS WIRE)-- Odgers has acquired Ridgeway Partners LLC, a U.S.-based executive search firm focused on Financial Services and Board Advisory. The acquisition strengthens Odgers’ ability to advise leaders and boards where capital allocation, governance, and strategy intersect, recruiting and supporting decision-makers who shape outcomes across industries. This union further positions Odgers’ Global Financial Services and Board Advisory Practices as...
Factbox-Five takeaways from 'Big Short' investor Burry's GameStop bet
Factbox-Five takeaways from 'Big Short' investor Burry's GameStop bet
Mar 11, 2026
Jan 27 (Reuters) - Michael Burry has disclosed a position in videogame retailer GameStop ( GME ), playing down the odds of another major short squeeze and likening its CEO, Ryan Cohen, to legendary investor Warren Buffett. For Burry, whose prescient bet against the U.S. housing market before the 2008 financial crisis was chronicled in Michael Lewis's book The Big...
Copyright 2023-2026 - www.financetom.com All Rights Reserved