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REIT sells apartment towers in one of Orange County's priciest-ever deals

Crescent Heights shells out $240 million for high-rent Santa Ana complex
Essex Property Trust sold the two-tower multifamily complex at 15 MacArthur Place in Santa Ana, California, for $685,000 per unit. (CoStar)
Essex Property Trust sold the two-tower multifamily complex at 15 MacArthur Place in Santa Ana, California, for $685,000 per unit. (CoStar)
CoStar News
April 7, 2025 | 10:39 P.M.

Essex Property Trust has sold a pair of apartment towers to a private developer for $240 million, the fourth-priciest multifamily deal in Orange County history.

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