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River Terrace Apartments Sell for $63M

REIT Buys 250-Unit Complex Newly Developed in Palo Alto
By Adam Jarrett
August 5, 2005 | 6:46 P.M.

Essex Apartment Value Fund (Fund I) sold River Terrace, a newly developed 250-unit apartment community located in Santa Clara for a contract price of approximately $63 million, or about $252,000 per unit.

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News | River Terrace Apartments Sell for $63M