A public REIT has sold one of the few large apartment complexes in an upscale coastal Los Angeles neighborhood to a private equity firm that plans to renovate the rooms and add resort amenities to boost rents.
Essex Property Group sells coastal apartment complex in one of LA's priciest recent deals
Private California firm snaps up 257-unit Palos Verdes complex for $127 million
CoStar News
March 4, 2025 | 8:23 P.M.
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IN THIS ARTICLE
- Properties
- Highridge Apartments
28125 Peacock Ridge Dr, Rancho Palos Verdes, CA
- Companies
- Essex Property Trust, Inc.
Real Estate
- The Bascom Group
Real Estate
- Contacts
- Annie Rice
Managing Director, Capital Markets, JLL
- Jamie Kline
Senior Director, Capital Markets, JLL
- Blake Rogers
Senior Managing Director, JLL
- Kevin Sheehan
Managing Director, JLL