Essex Property Trust (NYSE:ESS) is a real estate investment trust focused on the acquisition, development and management of multifamily residential properties along the U.S. West Coast. Headquartered in Palo Alto, California, the company’s portfolio comprises high-quality apartment communities primarily located in California and Washington, with select presence in other West Coast markets. Essex’s operations span the full real estate life cycle, including ground-up development, strategic acquisitions, financing and day-to-day property management.
Founded in 1971 by George M. Marcus, Essex Property Trust went public in 1994 and has since grown into one of the largest publicly traded residential REITs in the country. The company expanded substantially through strategic developments and acquisitions, including its merger with BRE Properties in 2019. Today, its portfolio includes over 250 apartment communities with more than 60,000 residential units, catering to a diverse tenant base seeking urban and suburban rental housing in high-barrier-to-entry markets.
Essex differentiates itself through a focus on high-quality amenities, thoughtful design and resident services. Apartment communities often feature modern fitness centers, resort-style pools, coworking spaces and sustainable building practices. The company’s in-house property management team oversees leasing, maintenance and community engagement programs, aiming to deliver a consistent living experience and foster long-term tenant retention.
Led by a senior management team with deep experience in residential real estate, Essex Property Trust emphasizes disciplined capital allocation, risk management and sustainable growth. The company regularly evaluates new development opportunities and targeted acquisitions to enhance its West Coast footprint. Through its integrated operating platform, Essex strives to deliver stable, long-term outcomes for its shareholders while addressing evolving needs in the multifamily rental market.
