Profile: Essex Property Trust Inc (ESSFP.PK)
29 Sep 2010
Essex Property Trust, Inc. (Essex), incorporated on March 11, 1994, is a self-administered and self-managed real estate investment trust (REIT). The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of apartment communities. Its segments are Southern California, Northern California and Seattle Metro. The Company owns or holds an interest in over 250 communities, aggregating approximately 59,160 apartment homes, located along the West Coast, as well as over four commercial buildings (totaling approximately 319,080 square feet), and over eight active development projects with approximately 2,450 apartment homes in various stages of development. The Company invests primarily in apartment communities located in predominantly coastal markets within Southern California, the San Francisco Bay Area and the Seattle metropolitan area.
The Company has approximately two consolidated development projects and over six joint venture development projects, which consist of approximately 2,450 apartment homes. The Company has ownership interests in over five redevelopment communities aggregating over 1,310 apartment units. The Company's Portfolio, including communities owned by unconsolidated joint ventures, but excluding communities underlying preferred equity investments, consists of approximately 250 apartment communities (consisting of over 59,160 apartment units), of which over 28,040 apartment homes are located in Southern California, over 18,920 apartment homes are located in the San Francisco Bay Area, and approximately 12,200 apartment homes are located in the Seattle metropolitan area. The Company owns an office building with approximately 106,564 square feet located in Irvine, California, of which the Company occupies approximately 8,000 square feet. The Company owns Essex-Hollywood, an approximately 34,000 square foot commercial building and over 138,920 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, Camino Ruiz Square and Camarillo Oaks.
Essex Property Trust Inc
1100 Park Pl Ste 200
SAN MATEO CA 94403-7107