Essex Property Trust Acquires Interest in Luxury Orange County Condominium Project

PALO ALTO, CA--(Marketwire - March 5, 2010) -  Essex Property Trust, Inc. (NYSE: ESS), a fully integrated Real Estate Investment Trust (REIT) that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company has entered into a venture to acquire Essex Skyline at MacArthur Place, a 349-unit high rise condominium project in Santa Ana, California for $128 million.

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