Essex Property Trust Announces Recent Transaction Activity

Essex Property Trust, Inc. (NYSE:ESS) announced today its year to date transaction activity detailed in the table below. The transaction activity year to date results in a reallocation towards the Northern California region with the purchase of newer communities in submarkets where Essex expects lower supply and higher rent growth over the foreseeable future. The match funded transactions are net neutral to the Company’s 2025 Core FFO forecast.

ACQUISITIONS

Property	Location	Region	Year Built	Acquisition Date	Contract Price	Apartment Homes	Price per Home(1)
The Plaza	Foster City, CA	NorCal	2013	Jan 2025	$161.4M	307	$512K
One Hundred Grand	Foster City, CA	NorCal	2016	Feb 2025	$105.3M	166	$615K
ROEN Menlo Park	Menlo Park, CA	NorCal	2017	Feb 2025	$78.8M	146	$539K
Total	-	-	-	-	$345.5M	619	$546K

DISPOSITIONS

Property

Location

Region

Year Built

Disposition Date

Contract Price

Apartment Homes