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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.
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.
Essex Property (ESS) poised to gain from a solid portfolio in West Coast and healthy balance sheet, though the pandemic's impact on demand and tenants' rent-paying capability is a concern.
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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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.
Equity Residential was sued in a class action in 2017 due to allegations that it charged late payment fees in violation of California law. [20] [21]In 2022, the company agreed to pay approximately $2 million to settle a lawsuit filed by Attorney General for the District of Columbia Karl Racine alleging that the company offered misleading rent discounts on a rent-controlled building in ...
The complaint accused the property assessor's residential coordinator of instructing appraisers on Feb. 20, 2024, to review each of 300 accounts for the 2026 reappraisal year deadline.
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