Essex said to have offered $5 bln for BRE Properties - Bloomberg

Dec 4 (Reuters) - Essex Property Trust Inc, a manager of residential properties on the U.S. West Coast, has offered to buy BRE Properties Inc for about $5 billion, Bloomberg reported, citing two...

from Reuters: Financial Services and Real Estate http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/3wLOeUejRWs/story01.htm