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![]() Headquarters in San Mateo | |
Company type | Public company |
---|---|
NYSE:
ESS S&P 500 component | |
Industry | Real estate investment trust |
Founded | 1971 |
Founder | George M. Marcus |
Headquarters | San Mateo, California |
Key people |
George M. Marcus,
Chairman Angela L. Kleiman, CEO & President |
Products | Apartments |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 1,750 (2023) |
Website |
www |
Footnotes / references [1] |
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. [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]
![]() | |
![]() Headquarters in San Mateo | |
Company type | Public company |
---|---|
NYSE:
ESS S&P 500 component | |
Industry | Real estate investment trust |
Founded | 1971 |
Founder | George M. Marcus |
Headquarters | San Mateo, California |
Key people |
George M. Marcus,
Chairman Angela L. Kleiman, CEO & President |
Products | Apartments |
Revenue | ![]() |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 1,750 (2023) |
Website |
www |
Footnotes / references [1] |
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. [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]