About the Company
Essex Property Trust is a real estate investment trust (REIT) company. It was incorporated in the year 1971 by George M. Marcus. Essex went public in 1994, and Essex shares began trading in the New York Stock Exchange (NYSE). It trades under the ticker symbol of ESS. In 2014, ESS shares were included as a component on the S&P 500 index. Essex Property Trust is headquartered in San Mateo, California, US.
The company is primarily engaged in the acquisition, ownership, development and redevelopment of multi-family residential spaces. In 2014, it acquired BRE Properties for a purchase price of $4.3 billion. Essex, with this merger, created a total market capitalisation of $16.2 billion. Forbes recognised ESS as one of America’s Largest Public Companies in 2018. As of 2019, Essex Property Trust owned interests in about 60,570 apartment units, 250 apartment complexes, and an office building, sized 106,716 square feet. In October of 2019, Essex invested a total of $414.7 million in the acquisition of three apartment assets in the United States.
As of 2020, its property portfolio includes multiple apartment units in the key markets of West Coast, including Los Angeles, San Diego, Santa Barbara, and the San Francisco Bay area, among others in California. It also offers residential properties in the Seattle Metro area in Washington. Essex Retail Space provides commercial spaces for rent in four key areas, namely the Seattle Area, LA Area, Bay Area and San Diego Area. Its properties are certified under the Leadership in Energy and Environmental Design (LEED), through which the company promotes sustainable living. Forbes included Essex Property Trust under its list of Global 2000 The World’s Largest Public Companies 2020, in which it ranked 1552nd. On November 18th, 2020, ESS accepted the Bronze Award for Diversity, Equity and Inclusion by the National Association of Real Estate Investment Trusts (NAREIT). The latest price of ESS stocks is updated on this page regularly; also, several other important parameters related to the company essential to know before investment are also available.;
|Organisation||Essex Property Trust Inc|
|HeadQuarters||San Mateo, CA|