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Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area. [1]As of December 31, 2023, the company owned interests in 252 apartment complexes, aggregating 61,997 apartment units, and 3 commercial office buildings, comprising 283,000 square feet.
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The move is a strategic fit as it offers Essex Property Trust (ESS) the scope to use the proceeds to support its development requirements, buyout as well as pay back debt and buyback shares.
While Essex Property (ESS) has a sturdy West Coast property base and is banking on technology, scale and organizational capabilities, its Q2 results might reflect bleak rental housing demand.
In 1971, he co-founded Marcus & Millichap, [5] with William A. Millichap.. Marcus is founder and chairman of Essex Property Trust. [4] [2] He owned 2.4% stake.[5]During the 1980s he was a trustee of the California State University and is a member of the CSU Foundation's board of governors.
The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [1]The following is a list of notable publicly-traded real estate investment trusts based in the United States.
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