CT Realty Corp. bought the 168-unit Tara Village Apartments in Tarzana for $20 million from Essex Property Trust of Palo Alto.
A spokesman for CT Realty said the Newport Beach company would spend $1.7 million to renovate the 30-year-old complex at 18350 Hatteras St. Tara Village is 95% occupied and includes two-, three- and four-bedroom units.
