Beverly Pacific and Redwood Urban acquired Jefferson at Hollywood Apartment Complex from Essex Property Trust, Inc. (NYSE:ESS) for approximately $130 million on January 4, 2017. As part of the transaction, 270 apartment homes are sold at $491,000 each. Curtis Palmer, Chris Benton, Jaspaul Kapoor and Chris Tresp of ARA, a Newmark company, represented both the buyer and seller in the transaction. Beverly Pacific and Redwood Urban completed the acquisition of Jefferson at Hollywood Apartment Complex from Essex Property Trust, Inc. (NYSE:ESS) on January 4, 2017.