Essex Property Trust Inc. recently purchased a 104-unit apartment property in Santa Rosa, Calif., for $22.5 million.
The property, Harvest Park Apartment Homes, was built in 2004. Private developer Harvest Park Inc. sold the asset.
The acquisition is Essex’s first in Sonoma County, according to a press statement. Essex, a Palo Alto, Calif.-based real estate investment trust, has ownership interests in more than 26,000 units and more than 900 units in development.