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REIT Acquires San Jose Multifamily for $127 Million

Forest City Sells 637-Unit Apt. Complex in CA to Essex Property Trust
By Nancy O'Barr
January 9, 2006 | 2:43 P.M.

Essex Property Trust Inc. recently purchased the Enclave Apartments at 4355 Renaissance Drive in San Jose for approximately $127 million, or about $199,400 per unit, from FC Siena Associates LP, an affiliate of Cleveland-based Forest City Enterprises.

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