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Essex Property Trust sells Chino Hills, Calif., residential community for $35M

Multifamily real estate investment trust Essex Property Trust Inc. sold the 125-unit Summit residential community in Chino Hills, Calif., for $34.8 million, Multi-Housing News Online reported.

The buyer was Davlyn Investments, with upgrades planned at the property at 2400 Ridgeview Dr., according to the report.