Essex Property Trust is a publicly traded real estate investment trust that invests in apartmentsinCalifornia and in the Seattle metropolitan area.[1]
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Headquarters in San Mateo
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| Company type | Public company |
|---|---|
| NYSE: ESS S&P 500 component | |
| Industry | Real estate investment trust |
| Founded | 1971; 53 years ago (1971) |
| Founder | George M. Marcus |
| Headquarters | San Mateo, California |
Key people | George M. Marcus, Chairman Angela L. Kleiman, CEO & President |
| Products | Apartments |
| Revenue |  $1.669 billion (2023) |
 $405 million (2023) | |
| Total assets | $12.361 billion (2023) |
| Total equity | $5.422 billion (2023) |
Number of employees | 1,750 (2023) |
| Website | www |
| Footnotes / references [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.[1]
It is the 11th largest owner of apartments in the United States[2] and the 26th largest apartment property manager in the United States.[3]
The company was founded in 1971 by billionaire George M. Marcus, who also founded Marcus & Millichap that same year.[4]
On June 13, 1994, the company became a public company via an initial public offering.[1]
In April 2014, the company acquired BRE Properties for $4.3 billion.[5][6]
In 2024, it acquired ownership interests in a joint venture owning 4 properties for $505 million.[7]