Profile: Essex Property Trust Inc (ESS)
9 Oct 2015
Essex Property Trust, Inc. (Essex), incorporated on March 11, 1994, is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of apartment communities. As of December 31, 2014, the Company owned or held an interest in 239 communities, aggregating 57,455 units, located along the West Coast, as well as four commercial buildings (totaling approximately 325,200 square feet), and 12 active development projects with 2,920 units in various stages of development. The Company's apartment communities are located in Southern California, which include Los Angeles, Orange, Riverside, San Diego, Santa Barbara, and Ventura counties; Northern California, which include the San Francisco Bay Area, and Seattle Metro, which include Seattle metropolitan area.
As of December 31, 2014, the Company had two consolidated development projects and 10 joint venture development projects consisted of 2,920 units. As of December 31, 2014, the Company had ownership interests in three redevelopment communities aggregating 963 apartment units. As of December 31, 2014, the Company's portfolio, including communities owned by unconsolidated joint ventures, but excluding communities underlying preferred equity investments, was consisted of 239 apartment communities, consisting 57,455 apartment units, of which 27,125 units are located in Southern California, 17,604 units are located in the San Francisco Bay Area, and 12,174 units are located in the Seattle metropolitan area. As of December 31, 2014, the Company owns an office building with approximately 107,720 square feet located in Irvine, California, of which the Company occupies approximately 5,000 square feet. The Company owns Essex-Hollywood, a 34,000 square foot commercial building and a 138,915 square foot retail site in Santa Clara, California. The Company's development projects include MB 360 in San Francisco and Radius in Redwood City. The Company's communities include Alpine Village, Anavia, Park Viridian and Camarillo Oaks, among others.
Essex Property Trust Inc
925 E Meadow Dr
PALO ALTO CA 94303-4233