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California REIT Buys Ventura County Apartment Complex for Biggest Price This Year

Essex Property Trust Spends $23 Million for Hacienda de Camarillo Apartments
The 73-unit 811 Paseo Camarillo is located in Camarillo, California. (Jay Sanchez/CoStar)
The 73-unit 811 Paseo Camarillo is located in Camarillo, California. (Jay Sanchez/CoStar)
CoStar News
May 15, 2023 | 8:01 P.M.

A major California apartment owner has bought a multifamily property west of Los Angeles County for millions of dollars less than the listed price as rising interest rates keep dampening commercial real estate values.

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