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]
History
The company was founded in 1971 by billionaire George M. Marcus, who also founded Marcus & Millichap that same year.[4]