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Balance Sheet Cash Flow Statement 925 E. Meadow Dr. Palo Alto, CA 94303 CA Tel. 650-494-3700 Fax 650-494-8743 |
Type: Public
On the web:
http://www.essexproperties.com
Employees:
930
Employee growth: 1.4%
Essex is collecting its own kingdom of hamlets on the West Coast. Essex Property Trust acquires, develops, and manages apartment communities, focusing on the metropolitan areas of Los Angeles, San Francisco, and Seattle. The self-managed and self-administered real estate investment trust (REIT) owns more than 130 residential communities with approximately 27,500 apartment units; about half are located in Southern California. Other portfolio assets include a handful of recreational vehicle parks, office buildings, and a manufactured home community. The REIT adds to its portfolio through acquisition and through the development and renovation of new properties.
Key numbers for fiscal year ending December, 2008:
Sales: $412.9M
One year growth: 6.3%
Net income: $65.4M
Income growth: (43.5%)
Officers:
Vice Chairman, President, and CEO: Keith R. Guericke
SEVP, COO, and Director: Michael J. Schall
First VP Acquisitions: Bryan W. Meyer
Competitors:
Archstone
BRE Properties
Equity Residential
