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The Village at Toluca Lake Apts. Sells for $59 Million

Off-Market Deal Reflects Continued Heat of Burbank, San Fernando Valley Multifamily Submarkets
By Karen Jordan
December 22, 2017 | 5:55 P.M.

San Mateo, CA-based Essex Property Trust Inc. (NYSE: ESS) purchased the 146-unit Village at Toluca Lake from Burbank-based Cusumano Real Estate Group for $59 million, or $406,896 per unit, in an off-market transaction.

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