Essex Property Trust

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments, primarily on the West Coast of the United States.[1]

Essex Property Trust, Inc.
TypePublic company
NYSE: ESS
S&P 500 Index component
IndustryReal estate investment trust
Founded1971 (1971)
FounderGeorge M. Marcus
HeadquartersSan Mateo, California
Key people
George M. Marcus, Chairman
Michael J. Schall, CEO & President
ProductsApartments
Revenue $1.460 billion (2019)
$464 million (2019)
Total assets $12.705 billion (2019)
Total equity $6.220 billion (2019)
Number of employees
1,822 (2019)
Websitewww.essexapartmenthomes.com
Footnotes / references
[1]

As of December 31, 2019, the company owned interests in 250 apartment complexes, aggregating 60,570 apartment units, and 1 office building comprising 106,716 square feet.[1]

History

The company was founded in 1971 by billionaire George M. Marcus, who also founded Marcus & Millichap that same year.[2]

On June 13, 1994, the company became a public company via an initial public offering.[1]

In 2014, the company acquired BRE Properties for $4.3 billion.[3][4] The same year it was added to the S&P 500 Index.[5]

References

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