ADDED
As of February 13, 2026, 64,475,506 shares of common stock ($.0001 par value) of Essex Property Trust, Inc.
As of December 31, 2025, Essex owned approximately 96.6% of the ownership interest in the Operating Partnership with the remaining 3.4% interest owned by limited partners.
Essex is the sole general partner of the Operating Partnership and as of December 31, 2025, had an approximately 96.6% general partner interest in the Operating Partnership.
As of December 31, 2025, the Company owned or had ownership interests in 259 operating apartment communities, aggregating 63,077 apartment homes, excluding the Company s ownership in preferred equity co-investments, loan investments, two operating commercial buildings, and a development pipeline comprised of one consolidated project and various predevelopment projects (collectively, the Portfolio ).
(2) Wesco V, LLC, a joint venture in which the Company owns a 50.0% interest, sold one of its apartment home communities for a total contract price of $94.9 million.
As of December 31, 2025, the Company s development pipeline was comprised of one consolidated development project of 543 apartment homes and various predevelopment projects with total incurred costs of $157.1 million.
The estimated remaining project costs are approximately $200.9 million, for total estimated project costs of $358.0 million.
In February 2025, the Operating Partnership issued $400.0 million of senior unsecured notes due on April 1, 2035 with a coupon rate of 5.375% per annum (the 2035 Notes ), which are payable on April 1 and October 1 of each year, beginning on October 1, 2025.
The 2035 Notes were offered to investors at a price of 99.604% of the principal amount.
The Company used the net proceeds of this offering to repay the Company s $500.0 million senior unsecured notes at maturity in April 2025.
REMOVED
As of February 19, 2025, 64,325,080 shares of common stock ($.0001 par value) of Essex Property Trust, Inc.
As of December 31, 2024, Essex owned approximately 96.5% of the ownership interest in the Operating Partnership with the remaining 3.5% interest owned by limited partners.
Essex is the sole general partner of the Operating Partnership and as of December 31, 2024, had an approximately 96.5% general partner interest in the Operating Partnership.
As of December 31, 2024, the Company owned or had ownership interests in 255 operating apartment communities, aggregating 62,157 apartment homes, excluding the Company s ownership in preferred equity co-investments, loan investments, two operating commercial buildings, and a development pipeline comprised of various predevelopment projects (collectively, the Portfolio ).
(2) In April 2024, the Company accepted the third-party sponsor s common equity interest affiliated with its $14.7 million preferred equity investment.
The community was consolidated on the Company s financial statements at a $46.6 million valuation.
(3) In July 2024, the Company acquired its joint venture partner's 49.9% common equity interest in Patina at Midtown for a total purchase price of $117.0 million on a gross basis.
(4) In September 2024, the Company acquired its joint venture partner's 50% common equity interest in Century Towers for a total purchase price of $173.5 million on a gross basis.
(5) In October 2024, the Company acquired its joint venture partner s 49.9% interest in the BEX II, LLC ( BEX II ) portfolio, comprised of four communities for a total contract price of $337.5 million on a gross basis.
As of December 31, 2024, the Company s development pipeline was comprised of various consolidated predevelopment projects with total incurred costs of $52.7 million.