Vistria Group Acquires 697-Unit MultiFamily Asset In San Mateo For $252,360,000 From Essex Property Trust

The asset involved in the transaction is a MultiFamily property located at 3500 Edison St., San Mateo, CA, featuring 697 units. The transaction was completed for a total price of $252,360,000.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $252,360,000.00
• Address: 3500 Edison St.
• Market: San Mateo, CA
• Units: 697
• Buyer: Vistria Group
• Seller: Essex Property Trust

Vistria Group was the buyer in this transaction, while Essex Property Trust served as the seller, completing the deal on 02/22/2025.